The week was one to remember for crypto investors. Where fortunes can be made or lost in a matter of moments, the DeFi player went against the tide: Maple Finance (SYRUP) made an impassioned dash to an all-time high, showing that in the stormy waters, some stars can truly shine.
BeInCrypto spotlights three altcoins poised for a weekend surge, making them prime targets for savvy investors seeking rapid gains.
Maple Finance (SYRUP)
SYRUP stood on the verge of glory this week, hitting an all-time high of $0.55 before sliding down a little to $0.49. Well, all eyes are now set on the important $0.49 mark, the gatekeeper to further ascent. Can SYRUP smash through this ceiling? Staying firm above $0.49 is the launchpad; the fuel injection needed to propel SYRUP into uncharted territory.
SYRUP is in line for a sweet surge! Bullish winds are whipping across the markets in the atmosphere of a price breakout. The $0.55 resistance is being closely followed; if it gets torn down, SYRUP will zoom unnoticed to $0.60, shining bright with brand new all-time highs. Ready to get a taste of victory?
SYRUP Price Analysis. Source: TradingView
But beware: if the winds of investor sentiment blow, and SYRUP comes under a downpour of sellers, its price may plunge down to its critical $0.43. If that base gives away, the runaway dream shatters, ending the upward surge in its tracks.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is flying high now at $490 after an incredible weekly performance in which it rallied 15.6%. Dorniered by the rise of Bitcoin, BCH is now close to the illustrious $500 level. This level has attracted all eyes, for BCH with such strength is almost an echo to the Bitcoin’s rally. Will it be able to break out from this level? Surely investors are holding their breaths.
Bitcoin Cash is facing a wall of resistance at $501, a North American price never before flashed since last December. Will it punch through? The Ichimoku Cloud could be called out to say “bull run,” signaling a possible breakout. Once the price clears $501, Bitcoin Cash should comfortably rise to $529, from where only the skies would be the limit.
BCH Price Analysis. Source: TradingView
Nonetheless, if the changes in investor sentiment bring about selling pressure, the upward momentum of BCH may stall near the $501 wall. Guardians might take a breather if they fail to break this ceiling and could be down to $446, giving the last flight a shaky landing. Such a stumble could well be the beginning of the sharp nose dive for BCH’s price, at least for the short term.
Joe Coin (JOE)
JOE is on a tear! The altcoin actually surged 97% this week and is now sitting at around $0.055. Everyone is now watching if JOE will be able to hold above the important $0.050 level-a level that could decide whether it moves forward or not. This sudden rise definitely points toward an explosive future for JOE.
JOE tutor for glory! Can it defend $0.050? A stance successfully held will spur a surge towards $0.060. The Parabolic SAR most romantically whispers uptrend beneath the candles like a secret weapon. Expect fireworks: JOE is set for higher waves and will be calling investors to profit in the near days.
JOE Price Analysis. Source: TradingView
So, if increased selling pressure erupts this weekend, the $0.050 lifeline can snap away. The moment the markets take a plunge beneath the lifeline, it’s a mad dash toward chilling lows of $0.039 and then potentially $0.033, wiping away all bullish aspirations presently held. A fall of such magnitude would be a sharp clue on the bitter side that the sentiment has gone sour and another wave of losses is already knocking at the door.
Thanks for reading 3 Altcoins To Watch This Weekend | June 21 – 22
