The crypto market had an exceptional week as the total value of all assets grew by nearly $300 billion. This was led by Bitcoin forming a new all-time high today crossing the $117,900 mark. Consequently, a bullish weekend is expected from the crypto market.
BeInCrypto has analysed three such altcoins that look poised for further gains in the next two days.
Hyperliquid (HYPE)
HYPE has risen by 11% in the last 24 hours, currently trading at $45.28. The altcoin is less than 2% away from its all-time high (ATH) of $45.80. This surge in price signals growing investor interest and sets the stage for potential price increases in the near future.
While a new ATH seems likely, the key challenge for HYPE is reaching the $50.00 mark. This level could act as psychological resistance, potentially triggering increased demand and further bullishness. However, this move is contingent on HYPE securing $45.80 as support to maintain upward momentum.
If HYPE faces selling pressure after breaching $45.80, it could fall back to the support level of $42.30. A loss of this support would invalidate the bullish outlook, signaling a potential market correction and a halt in further price gains.
World (WLD)
WLD price has risen by 22.4% in the last 24 hours, becoming one of the top-performing altcoins. Currently trading at $1.11, the crypto token is gaining attention due to strong investor interest and positive market sentiment. This surge highlights growing confidence in the asset and its potential for further growth.
The next key resistance level for WLD is $1.19, which the altcoin could potentially breach. The rising inflows, indicated by the uptick in the Chaikin Money Flow (CMF), suggest that investors are increasingly pouring capital into WLD. Successfully breaking $1.19 would likely propel the price toward $1.33, marking a significant bullish move.
However, if WLD fails to secure $1.19 as support, it could see a decline. The altcoin would hold above the $1.06 support level, but further selling pressure could push the price below this threshold. A drop below $1.06 would lead to a potential fall to $0.95, invalidating the current bullish outlook.
Pepe (PEPE)
PEPE surged 18%, emerging as one of the top altcoins of the day, currently trading at $0.00001304. Just below the resistance of $0.00001312, PEPE is showing strong momentum. This upward movement suggests increasing investor interest, with the potential for further growth if the resistance is broken in the near future.
In mid-June, PEPE shifted from a bullish to a bearish trend after forming a Death Cross. Since then, it has struggled to reverse this trend. However, if market conditions improve, PEPE may breach the $0.00001389 resistance, potentially leading to a continued recovery and renewed upward momentum for the altcoin.
If PEPE faces selling pressure from short-term holders, it could retrace and fall back to the support levels of $0.00001216 or $0.00001059. A drop below these levels would invalidate the bullish outlook, suggesting a potential shift to a more bearish trend and a halt in PEPE’s recovery.
Disclaimer
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