Altcoins
Top Altcoin will be closely watched next week, they could trigger a sharp rise soon
The crypto market is about to enter the weekend trading and as expected, a slight increase in volatility has been observed. Consequently, the Bitcoin Price suffered a slight decline below $70,000, which changed the possibility of forming a new ATH. Meanwhile, some altcoins have gained momentum and are expected to spark a healthy rally in the coming week.
Injective (INJ)
The latest rise in the markets helped the injective price to break out of the bearish wedge. The price has reached one of the crucial resistance zones and if it enters the zone, then the price is expected to trigger a healthy rise to reach $31. However, technical data suggests that the price could consolidate for some time before the bullish breakout. Therefore, after closing the weekly trading on a bearish note, INJ price is expected to maintain a healthy rise throughout the coming week.
Wormhole (W)
Wormhole has received enormous attention since its inception, however, the price has maintained a strong downtrend. However, the price is working to break out of the bearish captivity and the next bullish weekly close could support this bullish claim. The RSI is gradual and forms constant highs and lows, suggesting that constant price growth can be expected thereafter, which could lead the W price to reach $1.
JasmyCoin (JASMY)
The price of JasmyCoin has been the center of attention after surging over 500% in the past two months. After reaching the crucial resistance, the price maintained a strong upward trend and reached $0.04, indicating the continuation of the uptrend ahead. JASMY price is expected to close the weekly trade above $0.041, which could pave the way for a bullish week ahead with a huge possibility of reaching higher targets near $0.05.
Batteries (STX)
Similar to other altcoins, Stacks was trading in a strong downtrend for over a month, which was broken over the past few days. With this, the bulls have gained momentum and appear sure to maintain a strong uptrend. The price, after a breakout, underwent a retracement, which further opens the door for further upside, which could help STX price regain the crucial resistance zone between $2.77 and $2.87 during of the coming week.
Toncoin (TON)
Toncoin was one of the biggest surprises of the year, as the token led a nice rally to enter the top 10 cryptos. Since the token marked a new ATH, it has been stuck in the zone and has failed to move beyond it. However, the price is expected to break above the resistance and reach $8, which will be a new ATH followed by a bearish pullback.