Altcoin
Top 3 Altcoins to Watch for the Next Week
We are on the verge of completing the first of 2024, and this half has been quite the crypto experience with Bitcoin hitting new all-time highs, Ethereum under ETF convoy, and altcoins mischievous surprise gains and losses.
Cryptocurrencies have seen mixed gains and losses this week, with Bitcoin price jumping above $60,000-$62,000, ETH in the clouds, new memecoins making waves, and new sectors like AI token and RWA trailing behind.
The market is uncertain, but yielding. So it is very important to identify projects that have the potential to resist corrections and make pullbacks. This is our watchlist for the next week.
1. Kaspa (KAS): $0.25 target
Kaspa Blockchain, KAS, proof-of-work, has risen from $0.149 to $0.18 at the time of writing, up 22%. In line with this week’s performance, the asset has moved above all long-term moving averages and sentiment remains strong.
Awesome Oscillator (AO) shows red bars on the histogram, but not intense ones, which could lead to a short-term correction near the $0.183 resistance. Next week looks significantly above $0.25.
Additionally, the Elder-Ray Index is plotting a positive value suggesting a bullish move ahead. The indicator shows the strength of buyers and sellers in a positive and negative metric respectively.
2. Brett (BRETT): Target $1.7 to $1.9
Brett, the #1 meme coin on the Base network, has been a favorite among traders since its release. This cryptocurrency has bounced from a low of $0.1278 to a real price of $0.16 this week (June 23-29), up 26%. On Tuesday alone, BRETT surged 36% to $0.17, followed by a slight correction in the following days, now entering the consolidation phase.
Current price parameters are bullish towards the $0.17 hurdle.
With all the positive price action, BRETT never got to $0.2 and ATH is $0.192. A surge above $0.2 will mark a psychological outcome.
Brett’s team is making strong fundamental moves, such as the recent listing on SuperEx, and the upcoming SeamlessFi could give buyers a boost.
The BRETT/USDT chart is in a consolidation phase, while the price is above all moving averages, the technicals are declining. The MACD is above the histogram but below the trend line, showing neutralization.
Additionally, the Alligator indicator shows trend lines that come together with the green and red lines at the same point.
BRETT appears to be sleeping now, waiting for the price to move in one direction or another to book profits next week.
3. Akash Network (AKT): Target $3.8 to $4.2
Investors showed confidence in Akash Network this week, sellers were weak and the price fell from $2.71 to $3.64, a 34% spike in 4 days. Consistency can be seen above $3.60, profit booking appears to be tight and buyers are showing interest near the support zone.
AKT price is now holding SMA and EMA 30, but it has been falling below for a while. A cross above EMA 200 will trigger an upside rally. On the contrary, if the price direction changes and the price falls to $2.75, the seller will drag further towards the $2 obstacle.
The RSI at 44 slows down the oversold position and the MACD paints a beautiful golden cross indicating a strengthening trend.