With Bitcoin closing in on the ATH, the market seems to be opening up to the altcoins as well. This makes the coming couple of days crucial for crypto tokens as they could be seeing some gains.
BInCrypto has analysed three such altcoins for the investors to watch over this weekend.
SponsoredSPX6900 (SPX)
SPX price surged 32.7% in the last 48 hours, making it one of the best-performing meme coins of the week. The token is trading at $1.28, just under the $1.29 resistance level, as investors watch closely for confirmation of a sustained breakout.
Technical indicators suggest bullish momentum is building. The Parabolic SAR is positioned below the candlesticks, signaling an uptrend. If the rally continues, SPX could push past $1.39 and test $1.47, marking a three-week high and erasing recent losses while boosting investor confidence in the token’s recovery.
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However, downside risks remain. If weekend selling pressure builds, SPX could face a pullback. A decline below the $1.16 support level would weaken the bullish outlook and trigger further caution among traders. Such a drop could undo recent gains.
SponsoredZcash (ZEC)
Another one of the altcoins to watch this weekend is ZEC, which has emerged as one of the top-performing altcoins in recent days, currently trading at $147. The token surged 164.8% over the past week, marking one of its strongest rallies in years. With momentum building, ZEC is now eyeing the $150 resistance level as its next target.
If ZEC breaches $150, the altcoin could extend its rally toward $170. The surge has already pushed the cryptocurrency to a three-and-a-half-year high, reinforcing bullish sentiment. This milestone positions ZEC for potential further gains, as market optimism grows around its role as a leading privacy-focused digital asset.
However, risks of a correction remain. If investors begin taking profits after the recent rally, ZEC could face sharp downside pressure. A drop through $120 would expose the token to further losses, potentially slipping below $100. Such a decline would invalidate the bullish thesis and trigger caution among traders.
BNB
BNB is among the best-performing top altcoins this week, surging 17% in just seven days. The cryptocurrency is currently trading at $1,107, reflecting strong market demand. This performance reinforces its position as one of the leading assets.
The rally also saw BNB form a new all-time high at $1,114. Technical indicators such as the Parabolic SAR point to an active uptrend. If momentum holds, BNB could breach $1,139 and move even higher, potentially setting another ATH and attracting additional investor interest into the token.
Still, downside risks remain in play. If profit-taking or bearish market cues emerge, BNB may fall to its $1,046 support level. A breakdown below this floor would open the door to a decline toward $1,000. Any further drop under this level would invalidate the bullish thesis completely.
