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Altcoins have shown very mixed signs this week, with strong rallies met with growing corrections in the market. While some currencies are attracting investors’ attention due to a strong breakout pattern, others continue to struggle near new lows.
So, BeanCrypto analyzed three altcoins that investors should keep an eye on over the weekend.
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Pippin
PIPPIN is among the best performing altcoins this weekIt increased by 203% in seven days. The joke coin is trading at $0.492 at press time, remaining below the resistance at $0.514. Strong momentum has fueled speculative interest as traders look for signs of a continuation.
Technically, PIPPIN has broken out of the expanding falling wedge pattern, which is a pattern that expects a 221% rise. Confirming the breakthrough requires turning the $0.600 level into support. While the positive outlook remains high, the practical objective remains to surpass the all-time high of $0.720.
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If the upward momentum decreases or macroeconomic conditions weaken, the downside risk increases. A break below the support level at $0.449 could push PIPPIN towards $0.372. Such a move would invalidate the bullish thesis and invalidate the wedge discovery structure.
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Aptos (APT)
The price of APT fell by 12.6% in the past week, setting two new all-time lows during this period. Trading Altcoins At a price $0.899 at the time of publication, remaining below the psychological level of $1.00. This continued weakness reflects continued bearish momentum in the broader cryptocurrency market.
The Liquidity Flow Index is currently below the threshold of 20.0, which places APT in the oversold zone. Such readings often indicate oversold potential and accumulation potential. If the Liquidity Flow Index rises above 20.0 and buying power increases, a recovery to $1,029 may confirm the start of new bullish momentum.
If the negative momentum continues, the downside risk remains high. Continued selling pressure may push APT below current levels. A breakdown may lead to a new historical low near $0.800, which supports the prevailing negative trend.
BRAINS
Follow KITE as an altcoin this week as it emerges as a strong contrast against weaker cryptocurrencies, continuing to make new all-time highs this week. The token is now trading at $0.197 at the time of writing, registering a weekly growth of 53%. The continued positive momentum reflects strong investor demand and improved cryptocurrency market sentiment.
The KITE token reached a new all-time high today at $0.210, supporting its bullish technical structure. Continued capital inflows appear to be driving the rally. If the buying pressure continues, the price may extend towards $0.231 supported by strong trading volume and positive momentum in the short term.
Overbought conditions can lead to profit. If buyer interest starts to wane, KITE could return to the support level at $0.163. A fall of the currency towards that zone will cancel the bullish scenario and indicate a weakness in the positive momentum.
