3 Altcoins To Watch This Weekend | March 28 โ 29
Altcoins are setting up for decisive moves over the weekend. Some altcoins staged significant rallies this week and are now consolidating above key support levels. At the same time, others are nearing critical lows. Thus, BeInCrypto has analysed three altcoins that the investors should watch over the weekend. Memecore (M) Memecore entered the week near $1.60 and surged to $2.53 on March 25 before pulling back sharply to $1.74 on March 26. The token has since recovered to $2.09, sitting just above the 0.618 Fibonacci level at $2.02, the green horizontal line on the chart. That level has been tested twice since the breakout and held both times. The correlation that Memecore shares with Bitcoin is at 0.00, declining from a peak near 0.50 earlier in the week. The trajectory points toward negative territory. A negative correlation means Bitcoin rallies would no longer lift Memecore โ and could actively work against it. But if the Bitcoin price ends up falling, it will actually benefit the M price. Want more token insights like this? Sign up for Editor Harsh Notariyaโs Daily Crypto Newsletter here. Memecore Price Analysis. Source: TradingView The bullish case holds as long as M closes daily sessions above the 0.618 level at $2.02. A move through $2.29 would target the 1.236 at $2.45 and then the 1.5 extension at $2.63. The bearish invalidation is a daily close below $2.00 and then the 0.5 level at $1.94, which would open the path back toward the 0.236 level at $1.76. Banana For Scale (BANANAS31) Bananas31 entered the week near $0.0093, traded sideways through March 19 before breaking out on March 21 and surging 50.57% to $0.0138 on March 23. Price has since consolidated between $0.0130 and $0.0161, holding above the 0.618 Fibonacci level at $0.0134 โ the green line on the chart. Volume at 147.8 million confirms the breakout was not a thin-market move. The MFI sits at 71.22, approaching the 80-level overbought threshold but not yet there. Throughout the consolidation si...
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