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Altcoins suffer as the price of Bitcoin falls below $90,000, and as the weekend approaches, this decline may extend further. However, some crypto tokens have managed to find a way out of dependence on BTC by relying on other factors to achieve price appreciation.
BeInCrypto analyzed three such altcoins that could see a change this weekend, for better or for worse.
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Starknet (STRK)
STRK rose 66% in the past week after Anchorage Digital allowed Bitcoin staking on Starknet, It attracts a lot of interest from investors. The move increased demand for STRK and reached a signal of increased confidence.
The EMAs indicate that STRK is approaching a golden crossover, which is a historical signal of positivity. If confirmed, this pattern could break a new high, allowing the price to break above the $0.252 resistance. Continued momentum may bring STRK towards the $0.300 level as buying pressures strengthen.
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If investors start taking profits and the upside momentum fades, STRK may lose its uptrend. A decrease in the price could reach $0.195 or even $0.136, invalidating the positive outlook. Weak demand and changing sentiment increase the risk of a deeper correction.
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SOON (SOON)
SOON has fallen 67% this week and is now trading at $0.88 after missing the key $1.00 support level. Negative pressure is mounting with Unlocking poised for 15.21 million SOON worth more than $13.4 million over the weekend, adding to supply and pressure on overall sentiment.
This incoming supply, coupled with the Parabolic SAR signal of a downward trend, may intensify selling pressures. If momentum continues to atrophy, SOON could drop below $0.76 and head towards $0.47. This decline could deepen losses and highlight the fragility of market conditions For an alternative currency.
If investors see the decline as a buying opportunity, Bitcoin may rebound from the support area at $0.76. The recovery could push the price above $1.04 and extend towards $1.39 or more. This move will help reverse recent losses and negate the negative outlook.
WikiCat (WKC)
The WKC coin has been one of the strongest Surprising cryptocurrencies this weekexchange at $0.000000000103. Despite its small price, The code maintains A market capitalization of $51 million and more than 151,600 holders, indicating strong community support and continuous interaction with the network.
WKC rose 52% in the past week, supported by improving fundamentals. The Momentum Stress indicator is in the form of a squeeze as a bullish momentum develops. A burst of volatility could push the price above $0.00000000126 and lead to a jump towards $0.00000000151 if buyers can maintain control.
If upside momentum weakens, WKC may fail to sustain its gains. A drop below the $0.00000000099 support could send the price towards $0.000000000076. This move will negate the bullish formation and erase much of the recent growth.
