Altcoins are suffering from a drop in Bitcoin prices below $90,000, and this decline is likely to widen as the weekend approaches. Nevertheless, some crypto tokens have found a way out of their dependence on BTC by relying on other factors that indicate price appreciation.
BeInCrypto analyzed three altcoins that could see changes this weekend, for better or worse.
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Starknet (STRK)
STRK has soared 66% in the past week after Anchorage Digital enabled Bitcoin staking on Starknet, drawing strong investor interest. This move increased demand for STRK and showed increased confidence.
The EMA shows that STRK is approaching a golden cross, which is historically a bullish signal. If this pattern is confirmed, it could trigger another rally and push the price above the $0.252 resistance. After that, buying pressure will increase and momentum could continue to push STRK toward the $0.300 level.
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If investors start taking profits and the bullish momentum weakens, STRK could lose its upward trajectory. A decline could send the price towards $0.195 or even $0.136, invalidating the bullish outlook. Weaker demand and shifting sentiment will increase the risk of a deeper correction.
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SOON fell 67% this week and is currently trading at $0.88 after losing the important $1.00 support level. Bearish pressure is building as 15.21 million bottles worth more than $13.4 million are scheduled to go on sale this weekend, with supply increasing and weighing on prices.
This supply, combined with the parabolic SAR indicating a downtrend, could increase selling pressure. If the momentum weakens further, it could soon fall below $0.76 and towards $0.47. Such a decline would deepen losses and highlight the fragile market conditions of altcoins.
If investors view the dip as a buying opportunity, a rebound from the $0.76 support zone could happen soon. If it recovers, the price could rise above $1.04 and even above $1.39. This move would help reverse recent losses and invalidate the bearish outlook.
Wikicat (WKC)
WKC has emerged as one of the best performing meme coins this week, trading at $0.000000000103. Despite its small price tag, the token maintains a market capitalization of $51 million and over 151,600 holders, demonstrating strong community support and sustained network engagement.
WKC is up 52% over the past week, supported by improving fundamentals. The Squeeze Momentum indicator is forming a squeeze as bullish momentum increases. If buyers maintain control, a volatility breakout could push the price above the $0.000000000126 resistance and move towards $0.000000000151.
If the bullish momentum weakens, WKC may not be able to sustain the rally. Below the $0.000000000099 support, the price could head towards $0.000000000076. Such a move would invalidate the bullish setup and erase a significant portion of the recent growth.
