The cryptography market has changed its tone in the middle of the lower bullshit week, creating a concern for investors. Since the weekend is known to be a period of high volatility, some altcoins could evolve in an unprecedented manner.
Thus, Beincrypto highlighted three of these tokens that investors should monitor for the best and for the worst.
Conflux (CFX)
CFX was one of the most efficient altcoins this week, displaying an impressive 85%rally. Trading at $ 0.188, Altcoin is set for potential recovery, with a more awaited ascending movement. This price action reflects a renewal of the interests of investors and indicates a continuous rise in trend, supported by the positive feeling of the larger market.
The formation of a golden crossing between EMAs of 50 days and 200 days also supports the upward prospects of CFX. While the 50 -day EMA crosses the 200 -day EMA, it indicates a momentum for a potential price overvoltage. This could push CFX after the current resistance of $ 0.194, targeting $ 0.240.
However, if the feeling of investors changes and the sales pressure increases, CFX could face a significant drop. A sale could drop at $ 0.146, erasing a large part of the recent gains. This downward risk highlights the importance of maintaining investors’ confidence to support the bullish momentum for CFX.
Fatty penguins (pingou)
PEGGU has dropped 12% in the last 24 hours, trading at $ 0.037. Altcoin slipped below the level of support of $ 0.040 after an unsuccessful attempt to violate its record (ATH) of $ 0.046. This slowdown reflects the decreasing uncertainty and uncertainty of investors.
Despite the recent backhand, there is still hope for a new ATH among investors. The parabolic SAR indicator under the candlesticks suggests an active rise trend, indicating that the pingou could continue to increase. If market conditions stabilize, Altcoin could resume its bullish momentum, potentially exceeding the previous summits.
However, if the market becomes a lowering, the pingou could undergo new losses. A drop to the support of $ 0.029 is possible, invalidating upward perspectives.
Pump.fun (pump)
The pump noted a sharp decrease of 25% in intra-day stockings in the last 24 hours, trading at $ 0.00258. Altcoin continues to lose ground on the market, which reports more.
The next major support for the token is $ 0.00212, and if the sale persists, this level could be tested this weekend. This, in turn, could trigger the more in -depth sale of pump holders, which makes it vulnerable to a new correction.
However, since Pump managed to recover from today’s crisis, he could secure the support at $ 0.00249. A successful rebound at this level could open the way to a pass after $ 0.00292, sending the Altcoin to $ 0.00380.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
