The crypto market was an exceptional week as the total amount of all assets increased nearly $300 billion. This was led by Bitcoin, which today surpasses the $117,900 mark and forms today’s new all-time high. As a result, we expect a bullish weekend from the Crypto market.
Beincrypto has analyzed three such altcoins that appear to be poised to earn more profits over the next two days.
High lipids (hype)
Hype has risen 11% over the past 24 hours and is currently trading at $45.28. Altcoin is less than 2% from its all-time high (ATH) of $45.80. This surge to prices will raise investor interest and set the stage for potential price increases in the near future.
There’s likely a new ATH, but the key challenge for hype is reaching $50.00. This level can act as psychological resistance and cause increased demand and further bullishness. However, the move is subject to a hype that secures $45.80 in support of maintaining upward momentum.
If you face sales pressure after the hype violates $45.80, you could potentially return to a support level of $42.30. This loss of support has negated bullish outlook, indicating a potential market correction and a halt of further price increases.
World (WLD)
WLD prices have risen 22.4% in the last 24 hours, making them one of the top-performing Altcoins. Currently trading at $1.11, Crypto Token is attracting attention due to its strong interest and positive market sentiment from investors. This surge highlights increased confidence in your assets and the potential for further growth.
The next key resistance level for WLD is $1.19, and AltCoin could potentially be compromised. The increased inflows shown by the increase in Chaikin Money Flow (CMF) suggest that investors are increasingly pouring capital into WLD. A successful $1.19 will drive the price towards $1.33, indicating a massive bullish move.
However, this could be reduced if WLD can’t secure $1.19 in support. Altcoin will be held above the $1.06 support level, but sales pressure could also be below this threshold by applying this sales pressure. A drop below $1.06 could fall to $0.95, negating the current bullish outlook.
Pepe (pepe)
Pepe surged 18%, emerging as one of the top altcoins of the day, and is currently trading at $0.00001304. Just under the resistance of $0.00001312, Pepe shows strong momentum. This upward move suggests a growing interest among investors with the potential for further growth if resistance is broken in the near future.
In mid-June, Pepe moved from bullish to bearish after forming the cross of death. Since then, I have struggled to reverse this trend. However, if market conditions improve, Pepe could violate the $0.00001389 resistance, leading to a continuous recovery, and update Altcoin’s upward momentum.
If Pepe is facing sales pressure from short-term holders, it could trace and return to a support level of $0.00001216 or $0.00001059. Below these levels invalidate bullish outlook, suggesting a potential shift to a more bearish trend and a halt of Pepe’s recovery.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
