With the month of May to an end, and that too a weekend, there is a good chance that the market can see considerable volatility. While June starts this Sunday, Altcoins could see strong increases or decrease if the market moves.
Thus, Beincrypto analyzed three of these crypto tokens for investors this weekend and if they should prepare for a rally or a correction.
Sui (sui)
SU has dropped almost 11% in the last 24 hours, trading at $ 3.46. The drop in Altcoin follows broader market trends, but can worsen this weekend due to specific factors specific to SU.
A major event is looming is the expected unlocking of 44 million EN on June 1, releasing $ 151 million on the market. This new offer could disrupt the balance between demand and supply, often causing downward pressure on prices. Suit can be faced with a significant impact on prices.
The Supp Prix has almost touched the support of $ 3.33 during intradays stockings and could see it again soon. However, if the volatility of the positive market returns and follows a support of $ 3.48, a rebound at $ 3.69 is possible, which would invalidate the current lowering prospects and the recovery of the signal.
Virtual (virtual) virtual protocol
Virtual has decreased in the past three days, but continues its upward trend observed this month. This suggests a likely price reversal during the weekend while investors regain confidence in the potential of the increase in Altcoin, despite short-term reverse.
The RSI remains in the positive area, above the neutral brand, supporting the bullish momentum for the virtual. This momentum could help Altcoin secure $ 2.45 as a support level, which can push the price to $ 2.99 and finally reach the bar of $ 3.00.
However, if the wider market is correction, the virtual could also face downward pressure. The loss of critical support of $ 1.93 would invalidate the Haussier thesis and could possibly trigger a reduction in short -term prices.
SPX6900 (SPX)
SPX is among the most efficient coins and altcoins, up 23.6% in last week. This increased trend pushed the price of more than $ 1.00, SPX currently negotiating at $ 1.10, showing a strong dynamic on a volatile market.
As the same piece, SPX faces a strong volatility. However, EMAs form a golden cross, signaling a potential rally. This technical model could maintain the upward trend and push SPX beyond the resistance level of $ 1.23.
Take advantage of investors could lead to a withdrawal to or less than $ 1.00. Such a decision would invalidate the short -term bullish thesis and pointed out the prudence of the merchants in the short -term perspectives of the memes piece.
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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.
