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We will continue to see volatility in cryptocurrency markets over the weekend, as sharp price swings reshape the short-term outlook in major altcoins. As investors react to general market uncertainty, identifying assets at key technical levels has become crucial.
BeInCrypto analyzed three altcoins that may reach critical points over the weekend.
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Dogecoin (DOGE)
The price of Dogecoin has recorded a 32% decline in the last two weeks, reaching $0.114 at the time of writing. Preserve meme value It is located slightly above the support level at $0.113. This move shows a three-month low, reflecting continued selling pressure and weak short-term demand.
Doug is well followed because of his strong correlation with Bitcoin. The correlation coefficient is currently at 0.92, which indicates a significant convergence in price behavior. As a result, Dogecoin is likely to keep pace with Bitcoin’s trend. This will mainly depend on how the world markets close on Friday.
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A change in the trend momentum to the upside could allow Dogecoin to bounce back towards $0.122 and $0.128. Exceeding these levels may open the way towards $0.142. However, continued selling pressure may push Doge below $0.113. In this case, it could The meme currency is falling More to approach $0.108.
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STABLE
The price of STABLE has seen an 81% increase in the last two weeks, trading at $0.0262 at the time of writing. This also caused a strong growth Altcoin at new all-time high At $0.0325. This rapid rate of growth reflects increasing demand and increased speculative interest among short-term traders.
The altcoin’s upward momentum has continued and is expected to continue through the weekend. The STABLE coin remains about 24% below its all-time high, leaving room for additional gains. Shaken’s Fund Flow Index has been in positive territory, indicating a strong flow of funds. The continuous inflow of capital typically reinforces the continuity of the movement during high momentum phases.
There is downside risk if investor sentiment changes suddenly. The change in position may put pressure on the STABLE price towards $0.0214. Stronger selling could push losses to extend to $0.0174. In this case, the bullish view will be invalidated and a profit signal will be indicated after the recent growth.
Polygon (POL)
Polygon has topped the list of the worst altcoins this week, after its price fell to an all-time low of $0.0985. POL remains below 12% of this level. Continued selling pressure and weak demand have increased downside risks, prompting investors to be cautious when the price approaches a critical zone.
The all-time low was recorded on the first day of the year, followed by a sharp rebound of 76%. That rebound was unsustainable. The price of POL subsequently fell by 37%, settling near $0.111 at the time of writing. Stability above $0.110 provided some limited relief, but did not confirm a trend reversal.
The possibility of recovery remains if investor support suddenly increases. If the POL price attracts a new order, a price rebound may occur. A recovery of $0.138 will invalidate the bearish view. In this case, this indicates a renewed confidence and puts the Polygon back on the road to recovery after weeks of continuous weakness.
