Bitcoin

3 Altcoins To Watch This Weekend | August 2 – 3

The cryptography market began on a lower note this week and seems to close on the same note. However, some altcoins that have managed to get up against the lower trend could be able to capitalize on the volatile weekend to publish gains.

Beincryptto analyzed three of these tokens for investors to look at this weekend and the direction in which they are heading.

Optimism (OP)

Op Price experienced a modest decrease of 3.5% in last week, marking one of the smallest drops among altcoins. Consequently, because of its strength, the OP remains a cryptocurrency which deserves to be looked at, in particular with the next upgrade of Superchain 16, which could have a significant impact on its future on prices and the feeling of investors.

An important part of the upgrade includes intelligent contract changes aimed at improving interoperability. This could attract more investors, especially since the correlation of OP with Bitcoin is strengthening. If Bitcoin is growing, OP could pass $ 0.70 and potentially reach $ 0.76, strengthening positive perspectives for Altcoin.

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3 Altcoins To Watch This Weekend | August 2 – 3
Price analysis op. Source: tradingView

However, if the market does not support the bullish momentum, OP could continue its downward trend. A breakdown lower than $ 0.63 support can lead to new losses, the price has potentially fell to $ 0.59, invalidating all short -term bullish forecasts.

Conflux (CFX)

CFX Price jumped 22% in last week, positioning it as one of the most efficient altcoins. Despite a lower market today, CFX has shown resilience. This recent performance highlights the potential of Altcoin, even under the conditions of the volatile market, which makes it a significant asset for investors to monitor.

The parabolic SAR indicator, which is currently positioned under candlesticks, indicates that CFX is in an active rise. This technical signal suggests that Altcoin could continue to rally, pushing its price through resistance levels at $ 0.219 and $ 0.240, with the possibility of additional short -term earnings.

CFX price analysis.
CFX price analysis. Source: tradingView

However, if the feeling of investors becomes negative, CFX could face a sale pressure. This could drop thanks to support at $ 0.194, with the next level of support at $ 0.170. Such a decline would invalidate upward perspectives, indicating a potential reversal for Altcoin.

Network XDC (XDC)

XDC saw an increase of 15.5% in last week, currently negotiating at $ 0.097. Altcoin is approaching a level of critical resistance of $ 0.100, a key psychological barrier. This level is difficult to break, but recent gains indicate that XDC can be on the point of a potential rupture.

The presence of the RSI in the bullish zone above the neutral brand of 50.0 in the XDC prices table offers significant optimistic momentum. If XDC can return the resistance of $ 0.100 to the support, it could take additional momentum and reach $ 0.108. This technical indicator suggests that Altcoin is preparing for a potential increase movement in the coming days.

XDC price analysis.
XDC price analysis. Source: tradingView

However, if XDC fails to rape the resistance of $ 0.100, it could be dropped. A decrease below the level of support of 0.088 would invalidate the upward perspectives, would erase recent gains and signal a potential reversal.

The post 3 Altcoins to watch this weekend | August 2 to 3 appeared first on Beincrypto.

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