The crypto market crashed sharply over the last 24 hours, adding to the already painful week for Bitcoin and altcoins likewise. This makes the crypto tokens reliant on external development to trigger a shift in stance.
Thus, BeInCrypto has analysed three such altcoins that the investors should watch over the weekend as they face developments.
SponsoredJupiter (JUP)
Jupiter (JUP) price has dropped 10% in the past 24 hours, now trading at $0.425. The altcoin slipped below the $0.426 support line, signaling short-term weakness.
JUP faces additional pressure from a scheduled 53.47 million token unlock this weekend, valued at $22.85 million. Such a large supply flush may overwhelm current demand, forcing the altcoin lower. If bearish momentum intensifies, JUP could fall through its existing support and test $0.404 in the near term.
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However, if Jupiter’s price successfully holds above the $0.426 support, recovery remains possible. A strong bounce could lift JUP toward $0.475, restoring investor confidence. Breaching this resistance level would invalidate the bearish outlook.
Aster (ASTER)
ASTER has been the standout token this month, rallying to a new all-time high (ATH). The altcoin is also set to be listed on SafePal Crypto Wallet, boosting accessibility and adoption. This exposure could attract new investors, further strengthening ASTER’s market presence in the coming weeks.
SponsoredThe additional momentum from SafePal integration may help ASTER reclaim $1.87 as support. A successful bounce could propel the altcoin toward $2.24, placing it within striking distance of its ATH at $2.43. This target remains 33% away, offering investors a potential bullish opportunity if conditions align.
However, ASTER remains vulnerable to further decline if broader market bearishness persists. A slip below $1.71 could drive the price lower to $1.58, invalidating the bullish outlook. Such a move would indicate weakening investor confidence.
Mantle (MNT)
MNT is another one of the major altcoins to watch this weekend. The altcoin is currently trading at $1.70, consolidating under the $1.77 resistance while holding above the $1.59 support. This narrow range has limited momentum for several days, keeping the altcoin from securing a breakout.
Despite being rangebound, MNT demonstrated strength by forming a new all-time high (ATH) at $1.91 during the intra-day high. For a fresh rally, the token must breach $1.77 resistance. Achieving this milestone would place MNT within 12.7% of its ATH, signaling renewed bullish momentum if investor demand strengthens.
On the downside, investor impatience could trigger a sell-off, putting MNT at risk of breaking below $1.59 support. Such a move could extend losses to $1.47 or lower, effectively invalidating the bullish thesis.
