While Bitcoin paints a bearish outlook after falling 8% to below $100,000 last week, most altcoins seem to be reliant on external trends. This can prove to be both beneficial and harmful to the token.
BeInCrypto analyzed three altcoins to watch this weekend that could witness a spike or drop.
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Arbitrum (ARB)
ARB is trading at $0.241 after falling 21% in the past 24 hours, reflecting increased pressure to unlock the token this weekend. Market sentiment remains fragile amid heightened uncertainty, raising concerns that additional supply could amplify volatility and limit altcoins’ near-term recovery.
The planned release of 92.65 million ARB worth more than $22.35 million could add downward pressure to an already volatile market. If the selling accelerates, ARB could fall towards the $0.200 psychological support level, and further weakening of sentiment could create a situation where losses widen.
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If ARB stabilizes at $0.242 and avoids a sharp decline, the altcoin could recover towards $0.295. A successful move above this level would signal renewed confidence among buyers, completely invalidating the bearish outlook and providing a potential reversal for short-term traders.
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Undead Game (UDS)
UDS is one of the few tokens still trading near all-time highs, showing resilience despite the overall market downturn. The altcoin is only 23% below its $2.90 peak, indicating growing demand and tight supply conditions compared to many assets experiencing deeper corrections.
The tightening of Bollinger Bands suggests that UDS is preparing for a sharp spike in volatility. The market is often volatile over the weekend, and a bullish move could send the token above $2.59. If the momentum continues, UDS could retest the all-time high of $2.90, which could increase traders’ interest.
If the bearish momentum takes hold, UDS could fall below the $2.29 and $2.14 support levels. A failure would invalidate the bullish setup and expose the token to even greater losses. This scenario highlights how quickly sentiment can change when volatility reduces before a large price move.
Vera Chain (BERA)
Another altcoin to watch this weekend is BERA, which is trading at $1.42 after falling 15.6% for the week, reflecting increased market uncertainty. The Ichimoku cloud indicates bullish momentum, but the position above the candlestick contradicts the trend.
The launch of Berchain’s claims page could help stabilize BERA’s price. This tool will allow users affected by the Balancer v2 and BEX exploits to recover lost deposits, potentially aiding sentiment. This development could keep BERA above $1.41 or trigger a rebound to $1.57 if demand strengthens.
If the bullish momentum weakens and the claims page fails to boost confidence, BERA could fall below $1.41. A decline through this support could push the altcoin towards $1.31. This would invalidate the bullish thesis and signal more serious downside risks as market volatility continues.
