Weekends are often quieter in trading, but that means sharper moves for those paying attention. While much of the market remains volatile, especially with BTC correcting around 4% from its all-time high, a few notable altcoins are showing signs worth taking a closer look at.
From breakout formations to new whale activity to fresh smart money accumulation, these three coins are indicative of a likely short-term setup over the next 48 hours.
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Zora
ZORA is a creator-focused token from the Base network that received strong attention this week. The token has surged more than 73% in the past 24 hours due to massive DEX inflows of approximately $420,000, according to data from Gecko Terminal.
On the 12-hour chart, Zola has already broken out of the inverted head-and-shoulders pattern and cleared the neckline near $0.06. This move confirmed the breakout, with the token currently trading around $0.09. Based on pattern predictions, Zora still has upside potential towards the $0.10 zone. This corresponds to approximately 53% of the target measured from the neckline.
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Adding to this momentum, the Smart Money Index (SMI), which tracks buying from informed and early traders, has continued to rise since yesterday.
SMI’s sustained uptrend suggests there is still some momentum left in the rally, making ZORA one of the most interesting altcoins to watch this weekend as long as it remains above the $0.06 support. However, if the selling prevails and the ZORA price drops below $0.05 (the right shoulder of the pattern), the bullish structure will be invalidated.
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Pudgy Penguin (PENGU)
PENGU, a token linked to Solana’s Pudgy Penguins network, is also one of the altcoins to watch this weekend. While the price is hovering around $0.031, data shows steady interest from large wallets and short-term traders.
Over the past week, smart money holdings have increased by approximately 2.8 million tokens (3.89%), confirming quiet accumulation despite overall market volatility. This coincides with the Smart Money Index (SMI) on the 12-hour chart starting to form higher highs, a sign that informed traders are bracing for a pullback. SMI visualization is discussed later in this section.
From a technical perspective, PENGU is trading inside a descending wedge, a bullish chart pattern that marks the end of a downtrend. From October 4th to October 9th, the token formed higher lows, while the Relative Strength Index (RSI), which measures momentum, formed lower lows, creating a hidden bullish divergence that supports the recovery case.
A break above $0.032 could confirm this wedge pattern and pave the way to the next major resistance level at $0.034, a 10% rise from current levels.
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A close above that level could lead to further upward momentum into the weekend. However, if PENGU price falls below $0.027, the rebound setup is likely to fail and sellers may regain control. However, a decline below $0.026 may be needed for the structure to turn bearish in the short term. That could open up possibilities for short traders.
For now, PENGU remains one of the most attractive altcoins to watch this weekend as smart money inflows are improving and the bullish formation is still intact.
ASTER
ASTER, a new DEX native to the BNB network, has seen its strong rise quickly fade. After rising above $2, the token has fallen almost 17% week-on-week and is currently trading around $1.59.
Although the price trend appears weak, on-chain data tells a more nuanced story. Smart money holdings increased by 3.65% in the past 24 hours, and the supply of mega whales (top 100 addresses) increased by 0.06%. In total, this amounts to approximately 172.9 million new ASTER tokens, worth approximately $275 million at current prices. After a week of steady sales, we saw a big change.
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This sudden accumulation follows a long period of drawdown and signals renewed interest from large and savvy holders.
On the chart, ASTER’s falling wedge pattern (often a bullish reversal structure) is developing on an hourly basis. ASTER’s trading history is limited, so the 1-hour chart provides the clearest signal of short-term price movement. In these cases, the hourly view can help identify rapid momentum reversals over 24-48 hours, making it a practical setup for weekend tracking.
From October 9th to October 10th, prices hit lower lows and the RSI hit higher lows, confirming a bullish divergence and suggesting that selling pressure is waning.
If ASTER price breaks above $1.52 and breaks through $1.72, it could test the upper bound of the wedge near $1.84. If the breach is successful, the short-term target could be around $1.89-$2.02, indicating a possible weekend rebound.
However, if the closing price falls below $1.52, this recovery setting is overridden and control returns to the seller.
After a massive 17% correction, ASTER’s combination of whale activity, smart inflows, and bullish structure make it one of the altcoins to watch this weekend, especially for traders looking for a quick technical rebound.
