Midweek, the crypto market’s bullish fanfare abruptly switched to a somber, bearish melody, leaving investors on edge. As the weekend – notorious for its wild price swings – approaches, brace yourselves: select altcoins might be preparing for a rollercoaster ride of epic proportions.
Thus, BeInCrypto has highlighted three such tokens that the investors should watch for the better and for the worse.
Conflux (CFX)
CFX: The altcoin defying gravity! Soaring a breathtaking 85% this week, CFX is currently trading at $0.188 and looks ready to launch. Is this a dead cat bounce, or the beginning of a sustained climb? All eyes are on CFX as renewed investor enthusiasm fuels a potential rally, riding the wave of a bullish market. Buckle up, this altcoin’s journey is far from over.
CFX bulls are flexing! The coveted Golden Cross has materialized – the 50-day EMA shattering the 200-day EMA barrier. This isn’t just a technical signal; it’s a potential launchpad. Brace yourselves, $0.194 resistance: CFX is eyeing a surge toward $0.240. Momentum is building; are you on board?
CFX Price Analysis. Source: TradingView
But the ascent of CFX hangs precariously. Should investor winds shift, unleashing a torrent of selling, the cryptocurrency could plummet. Picture this: a swift descent back to $0.146, a brutal erasure of hard-won gains. This lurking danger underscores a vital truth: CFX’s bullish journey relies heavily on unwavering investor faith. Lose that confidence, and the gains could vanish as quickly as they appeared.
Pudgy Penguins (PENGU)
PENGU’s wings clipped: A 12% plunge in 24 hours sees the token nosedive to $0.037. The once-soaring altcoin failed to crack its $0.046 ATH, instead plummeting through a crucial $0.040 support like an iceberg calving. Is this just a temporary wobble, or does it signal a deeper freeze in investor confidence?
PENGU’s wings might be clipped, but the dream of a new all-time high hasn’t melted away. The Parabolic SAR is flashing green signals below the price action, whispering promises of an uptrend ready to ignite. PENGU could still soar if the market calms its turbulence. Imagine: surpassing old peaks and carving a new legacy. The spark is there; it just needs the right conditions to explode.
PENGU Price Analysis. Source: TradingView
But beware the bear! Should market sentiment sour, PENGU could plummet. A chilling descent towards the $0.029 support beckons, potentially shattering the current bullish dream.
Pump.fun (PUMP)
PUMP plunges: A 25% nosedive in 24 hours! The altcoin is currently clinging to $0.00258, but its grip on the market is slipping fast. Is this a temporary dip or the beginning of a PUMP and dump?
PUMP is teetering on a knife’s edge. All eyes are on the $0.00212 support level, the last line of defense. Brace for impact: relentless selling pressure could shatter this floor by the weekend. Should it crumble, expect a stampede. Panic selling among PUMP holders will likely accelerate the token’s freefall.
PUMP Price Analysis. Source: TradingView
PUMP’s resilience shines through today’s dip, potentially solidifying a crucial foothold at $0.00249. A vigorous bounce here could ignite a rally, shattering the $0.00292 resistance and propelling the altcoin towards a thrilling ascent to $0.00380.
Thanks for reading 3 Altcoins To Watch This Weekend | July 26 – 27
