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The cryptocurrency market remains stable on Friday as Bitcoin remains in its range, but the weekend may not be so quiet. Three setups stand out as notable cryptocurrencies to watch this weekend, each for a different reason.
A currency is trying to stimulate a change in sentiment after weeks of damage. Others struggle to maintain an upward trend. One has moved against the broader market for several days and may surprise again. With Bitcoin remaining flat, these three coins may drive most of the movement in the short term.
Balancer (BAL)
Balancer is considered to be one of the most sensitive cryptocurrencies to be monitored this weekendlater It was hacked on November 3rd. The token fell nearly 47% between late October and November 22 as confidence collapsed.
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nowthe project plans to return about $ 8 million of the recovered funds, which can bring a slight rebound in sentiment.
From a price point of view, BAL is still trading in a falling wedge, which is a bullish structure if the lower bar holds. The support near $0.62 held for several days. The first level of significance is $0.73.
A close above this breaks the wedge and opens the way to move towards $0.84. If the stock improves, the next zone is near $0.99, where most of the breakout starts.
The Bull and Bear Strength indicator, which shows whether buyers or sellers are controlling the price, has been shrinking red bars since November 26. Red bars mean bears are in control; Sticks that fill up mean that their strength has decreased.
This decrease in bear pressure is consistent with wedge support and a recovery in sentiment after the compensation update.
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If sentiment holds and the market remains flat, BAL could be among the most active movers this weekend.
Want more insights into currencies? Subscribe to editor-in-chief Harsh Notariya’s cryptocurrency newsletter here.
Zcash (ZEC)
Zcash remains on the list Alternative currencies to follow This week because its long trend is still intact, but the pressure has increased. The token’s value has increased by more than 1,000% in three months, but has fallen by about 25% in the past seven days, indicating that momentum has slowed. The main question for traders is whether ZEC can maintain the uptrend.
There is an early indication that he might be able to.
Between November 11 and November 20, ZEC made a higher low on the price chart while the Relative Strength Index (RSI) – a momentum indicator – made a lower low. This is called hidden bullish divergence.
This means that the trend remains strong below the surface, even if the pullback looks heavy. A similar pattern occurred between October 30 and November 11, with ZEC rising about 74% immediately thereafter.
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When the price continues to rise while the RSI dips lower, it often indicates a continuation of strong markets.
For this situation again, ZEC would have to recover $582, which has blocked every attempt since November 23. If buyers break this level, the next major obstacle is $743. A close above $743 will confirm that the uptrend is back in control.
if ZEC refused Below $440, the hidden bullish divergence breaks. This means a lower bottom is formed, and the short-term trend becomes fragile. In this case, the weekend setup weakens, and ZEC loses its continuation signal.
For now, Zcash maintains a cleaner structure compared to most assets and remains one of the technical altcoins to watch this week, as long as $440 remains intact.
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pi coin (PI)
Pi coin is the last name In my list of altcoins to watch this week, it earns that spot for a reason: it continues to move against the market. While Bitcoin has fallen by around 19% and Ethereum by 24% in the past month, Pi has only fallen by 7%. This shows a clear resistance. In the last seven days, PI has risen more than 12%, making it one of the few to post consistent gains in a weak market.
The chart now shows why Pi is worth following.
Bullish convergence is approaching. The 20-day moving average is rising towards the 50-day moving average. The Exponential Moving Average (EMA) is a moving average that gives more weight to recent bars. When the shorter average crosses the longer average, it often indicates rising momentum.
When this crossover is complete, Pi could try to claim the only level it has been unable to clear since the end of October: $0.295.
Confirmation of strength requires a clean close above $0.295. This move will require around 15% from current levels, but Pi has already proven its ability to outperform when the market slows down.
Support levels are located nearby. The first line is $0.252, which is just below the current price. If a breakout is found, the next supports are $0.232 and $0.220. Below that, a deeper decline to $0.209 could open, especially if the bullish crossover fails to complete.
