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Top 3 Altcoin Watchlist for Next Week
We are about to complete the first halving of 2024, and this halving has been a true crypto experience with Bitcoin hitting new highs, Ethereum under ETF hype, and altcoins gaining and losing some nasty surprises.
This week has seen mixed gains and losses in cryptocurrencies, with Bitcoin’s price soaring past $60K-$62K, ETH skyrocketing, new memecoins making waves, and new sectors like AI tokens and RWAs taking off.
The market is uncertain, but profitable. So it is very important to find projects that have the potential to withstand corrections and make pullbacks. This is our watch list for next week.
1. Kaspa (KAS): Target $0.25
The Kaspa proof-of-work blockchain, KAS, has moved from $0.149 to $0.18 at the time of writing, a growth of 22%. In line with this week’s performance, the asset has moved above all long-term moving averages and sentiments remain strong.
Awesome Oscillator (AO) shows red bars on the histogram but not intense, which could lead to a short-term correction near the $0.183 resistance. Next week’s looks significantly above $0.25.
Furthermore, the Elder-Ray Index plots a positive value suggesting a bullish movement 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 the trader’s choice since its launch. This crypto this week (June 23-29) recovered from the low of $0.1278 to the live price of $0.16, a 26% increase. On Tuesday alone, BRETT rose 36% to $0.17, followed by a slight correction in later days, now entering the consolidation phase.
Current price metrics are bullish towards the $0.17 barrier.
With all the positive price action, BRETT has never reached $0.2, and the ATH is $0.192. A rise above $0.2 will mark a psychological achievement.
Brett’s team is making strong fundamental moves, like the recent listing on SuperEx, and the upcoming SeamlessFi could give buyers some momentum.
The BRETT/USDT chart predicts a consolidation phase, while the price is above all moving averages, technical data is bearish. The MACD is above the histogram but below the trend line, showing neutralization.
Furthermore, the Alligator indicator shows approaching trend lines with the green and red lines in the same place.
BRETT appears to be sleeping now, waiting for the price to move in either direction to book profits next week.
3. Akash Network (AKT): Target $3.8-$4.2
Investors have shown faith in Akash Network this week, sellers have been weak and the price has fallen from $2.71 to $3.64, a 34% increase in 4 days. Consistency can be seen above $3.60, profit booking seems to be reduced and buyers are showing interest near the support zone.
AKT price is now defending the SMA and 30 EMA but has dipped below it for a while. A cross above the 200 EMA will trigger a rally. Conversely, if the price direction changes to the other side and the price drops to $2.75, the sellers will drag the price further towards the $2 barrier.
The RSI at 44 slows down the oversold position and the MACD paints a thin golden cross indicating a strengthening trend.