The cryptocurrency market experienced significant volatility this week. Many coins rose while many others fell. Among them was Maple Finance (SYRUP), which even reached a new all-time high.
Therefore, BeInCrypto analyzed three altcoins that investors should pay attention to this weekend. These coins appear to be on a trajectory for growth.
Maple Finance (SYRUP)
SYRUP recorded a new all-time high of $0.55 this week before slightly declining to $0.49. This price level is a critical resistance, and successfully breaking through it is crucial for maintaining the upward trend. By maintaining above $0.49, SYRUP can gain momentum for further increases.
The current market sentiment is bullish, which is positive for SYRUP's growth. If the altcoin breaks the $0.55 resistance, it could move to $0.60 and form a new all-time high.
However, if investor sentiment turns bearish and selling pressure increases, SYRUP could fall to the support level of $0.43. Dropping below this support would invalidate the current bullish outlook and suggest that the upward momentum has stopped.
Bitcoin Cash (BCH)
BCH is currently trading at $490, rising 15.6% last week. This altcoin benefited from Bitcoin's rally and is approaching $500. Investors are carefully watching this price level, expecting BCH to continue its strength based on BTC's recent performance.
BCH's next critical resistance level is $501, which it has not broken since December 2024. The Ichimoku indicator shows strong upward momentum, suggesting BCH can break this resistance. If BCH successfully breaks $501, it could continue rising to $529, with potential for further increases.
However, if investor sentiment changes and selling pressure increases, BCH might fail to break the $501 resistance. In this case, the altcoin's price could drop back to $446, invalidating the current bullish outlook. Failing to maintain momentum could result in a short-term price reversal.
JOE Coin (JOE)
JOE is currently trading at $0.055, rising 97% this week. This altcoin is attempting to secure the support level of $0.050, which is crucial for maintaining upward momentum. This recent performance highlights the potential for further growth.
If JOE successfully maintains the $0.050 support, it could advance to the next resistance level of $0.060. The Parabolic SAR indicator is currently positioned below the current candlestick, indicating a continued upward trend. This technical setup increases the likelihood of continued upward movement in the coming days, attracting investor attention.
However, if JOE faces selling pressure over the weekend, it might fail to secure the $0.050 support. In this case, the price could drop to $0.039 or even $0.033, invalidating the current bullish outlook. A sharp decline would indicate a change in sentiment and could lead to further drops.
