The crypto market is seemingly re-entering a bullish phase, as evidenced by the recent rise of Bitcoin, which reached the $115,000 mark. This is likely going to translate into growth for the altcoins as the weekend comes closer.
BeInCrypto has analysed three such altcoins that are likely going to note gains owing to external developments along with broader market bullishness.
SponsoredNobody Sausage (NOBODY)
NOBODY’s price has shown steady gains since the start of August, currently trading at $0.087. The cryptocurrency remains below the key $1.000 resistance level, which continues to act as a strong barrier. Sustained momentum above this threshold could open the path for broader bullish sentiment among traders.
Nobody Sausage’s collaboration with boxing champion Terrence Crawford is expected to be revealed this weekend, generating anticipation in the crypto market. Such high-profile partnerships often act as catalysts for the altcoin’s price. If investor optimism strengthens, NOBODY could attempt a rally toward the $0.1000 resistance, testing long-term breakout potential.
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On the downside, profit-taking by investors could weigh on the altcoin, pushing NOBODY toward the $0.070 support. This level remains critical for sustaining the current uptrend. A breakdown below $0.070 would undermine bullish momentum, potentially dragging the price to $0.056, which would significantly weaken the positive market outlook.
Toncoin (TON)
TON price is facing challenges near the $3.18 resistance, a level that has capped gains in recent sessions. Trading at $3.19, if $3.18 is secured as support, it may establish stronger buying pressure and support renewed optimism for sustained growth.
SponsoredToncoin recently revealed plans for a partnership with a major platform, fueling expectations of a breakout. Such developments often serve as catalysts for altcoin rallies. Successfully securing $3.18 as support could drive TON toward $3.34, its highest level in two weeks, potentially opening the door for further bullish momentum.
However, downside risks remain if investors decide to sell at current levels. In that scenario, TON could slip through $3.18 and consolidate below it, signaling a lack of upward conviction. Extended selling pressure might send the cryptocurrency toward $3.00, a decline that would challenge bullish traders and weaken the positive market outlook.
MYX Finance (MYX)
MYX price shocked traders this week with a 1,290% surge, setting a new all-time high of $19.98. Despite this rally, the cryptocurrency corrected sharply, dropping 26% in the last 24 hours. Such volatility reflects heightened speculative activity, with investors closely monitoring support and resistance levels for further direction.
Currently trading at $15.76, MYX shows potential for recovery if it holds above the $11.52 support. A successful rebound from this zone could fuel renewed momentum, helping the altcoin retest its previous peak.
If selling pressure builds as investors secure profits, MYX could break below $11.52, signaling weakening momentum. This decline may trigger a fall toward $3.45, erasing recent gains and invalidating the bullish outlook.
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