Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Expect the last weekend of the month to be relatively quiet as geopolitical tensions ease. As Greenland worries, cryptocurrency markets can regain stability and find a clearer direction.
The BeInCrypto team analyzed three altcoins that seem set for a potentially positive weekend.
Sponsored
Sponsored
Tezos (XTZ)
XTZ enters the weekend with a big catalyst coming when the Tallinn upgrade takes effect. The update aims to improve the efficiency, speed and security of the network. Protocol updates often impact short-term price movement, making Tezos a closely watched asset with traders positioned for potential volatility.
Technical indicators indicate the possibility of a breakout. Bollinger Band lines are converging, indicating compressed volatility. If the expansion coincides with the Tallinn update, it could push the price of XTZ above $0.59 and $0.62. A successful breakout could push Tezos towards the $0.66 resistance level.
Want to know more about such tokens? Sign up to receive the daily cryptocurrency newsletter from publisher Harsh Notaria From here.
The upside scenarios depend on the market reaction. If traders do not respond positively, the price can remain in a specific range. In this case, XTZ will probably continue to consolidate between $0.55 and $0.62, reflecting a state of neutrality despite the protocol update.
Sponsored
Sponsored
SKR
SKR had a strong performance this week, jumping 335% post-launch and hitting a new all-time high of $0.0597. The rapid rise attracted the interest of speculators before the profit started. The first momentum made SKR a high-volatility asset, attracting active participation from short-term traders.
After the peak, SKR fell by 23.6% and is now trading near $0.0390, holding its level above the $0.0385 support. Sales and trades currently exceed buy trades. If this negative balance continues into the weekend, breakout pressures could increase, pushing SKR towards the next major support level near $0.0205.
A trend reversal remains possible if sentiment changes. A renewed buying interest can lead to Stability of price movement It leads to recovery. The restoration of the $0.0517 level constitutes a decisive step, opening the door for SKR to test the previous high and perhaps record a new historical high.
Canton (CC)
CC is one of the few Altcoins showing rising momentum Going into the weekend. The money flow index indicates increasing buying pressure, which indicates increasing investor interest. This build-up phase indicates the potential for CC to continue its upward move as market conditions stabilize and traders move towards assets showing relative strength.
CC is trading near $0.142 at the time of writing, just below the $0.148 resistance level. A successful breakout could push the price towards $0.164. This move will bring CC closer to its all-time high of $0.177, which remains about 24% above current levels.
The bullish scenario depends on breaking the resistance. In case of failure to breach $0.148, selling pressure may be renewed. In this scenario, the price of CC can decrease towards the support level of $0.133, invalidating the bullish hypothesis and postponing any attempt to approach the historical high.
