A weekend in the crypto space is a period marked by a mix of uncertainty and potential. During this time, institutional investors tend to step back, leaving retail traders to navigate the market. This results in heightened volatility, making it difficult for investors to manage their positions effectively.
Thus, BeInCrypto has analysed three tokens for the investors to watch this weekend as they exhibit strong tendency to note gains.
Fartcoin (FARTCOIN)
FARTCOIN, a leading AI meme token, has seen significant growth recently, rising by 14% in the last 24 hours. This positive momentum positions the meme coin for further gains. With strong market sentiment, FARTCOIN is gaining attention as it has maintained an upward trend over the past few weeks.
Currently trading at $1.60, FARTCOIN is aiming to secure the $1.54 support level. The Ichimoku Cloud below the candlesticks signals a continuation of the uptrend. If the bullish momentum persists, the altcoin’s next target could be $2.00, further strengthening its position in the market.
If market conditions worsen and selling pressure increases, FARTCOIN could struggle to hold the $1.54 support. A failure to maintain this level may result in a price drop to $1.20. This would invalidate the current bullish outlook, signaling a potential decline for the altcoin.
Jupiter (JUP)
Jupiter (JUP) has seen a significant surge in inflows following its recent Planetary Call, as evidenced by a sharp uptick in CMF over the last seven days. The increased demand for the token highlights growing investor interest, potentially signaling continued bullish momentum for Jupiter in the near term.
As a result of this rise in inflows, JUP’s price has surged 17.6% in the last 24 hours, bringing the price to $0.61. The token is now aiming to secure $0.57 as a support floor. A successful bounce at this level could push the altcoin towards $0.68, continuing its rally.
However, if JUP loses the $0.57 support level, it could experience a sharp decline. The price may fall to $0.47, invalidating the bullish outlook. A break below this support could signal a potential two-week-long consolidation phase, hindering further price growth.
MOO DENG (MOODENG)
Meme coins are known for their volatility, particularly over the weekend, making them crucial to watch. MOODENG, a leading meme coin, is nearing a Golden Cross, as indicated by the EMAs. The 50-day EMA crossing over the 200-day EMA will confirm the potential for a bullish trend.
This Golden Cross could drive the price upward, continuing the 28% rise observed in the last 24 hours. If MOODENG breaches the $0.355 resistance, the price could rise to $0.450, bringing the altcoin closer to its all-time high (ATH) of $0.700, further enhancing investor interest.
However, if MOODENG fails to break the $0.355 barrier once again, it could face continued consolidation above the $0.180 support level. This would invalidate the bullish thesis and suggest further price stagnation, limiting the potential for immediate growth.
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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
