Cryptocurrency markets were flat on Friday as Bitcoin remained range-bound, but the weekend may not be as quiet. Three setups stand out as clear altcoins to watch this weekend, each for different reasons.
After weeks of damage, a token is about to trigger an emotional shift. The other is fighting to maintain its upward trend. And one company has been moving against the broader market for days and could surprise again. These three may guide most short-term actions as Bitcoin stalls.
Balancer (BAL)
Balancer is one of the most sensitive altcoins to watch this weekendFollowing the recent November,r3 exploit. The token fell by about 47% from late October to November 22 as confidence collapsed.
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nowthe project is expected to return about $8 million of the recovered funds, which could slightly boost sentiment.
From a price perspective, BAL is still trading inside a falling wedge, which would be a bullish structure if the lower band holds. The support level around $0.62 has been holding steady for the past few days. The first meaningful level is $0.73.
A close above this will break the wedge and begin a move towards $0.84. If momentum improves, the next zone will be around $0.99, where most of the breakdown will begin.
The bull-bear power indicator, which shows whether buyers or sellers are controlling prices, has seen a shrinking red bar since November 26th. Red bars mean the bears are in control. When the bar shrinks, it means it is less strong.
This decline in bearish pressure is consistent with wedge support and a recovery in sentiment following the reward update.
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If the momentum holds and the market remains strong, BAL could be one of the stocks most responsive to weekend moves.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Zcash (ZEC)
Zcash remains on our list of altcoins to watch this weekend as its long upward trend is still intact, but pressure is mounting. The token’s value has risen more than 1,000% in three months, but has fallen by about 25% in the past seven days, indicating that momentum is slowing. The key question for traders is whether ZEC can sustain its uptrend.
There’s one early sign that that might be the case.
From November 11th to November 20th, ZEC formed higher lows on the price chart, and the momentum indicator RSI (Relative Strength Index) formed lower lows. This is called a hidden bullish divergence.
This means that even if the pullback looks heavy, the trend is still strong underneath. A similar pattern emerged between October 30th and November 11th, with ZEC rising almost 74% in the immediate aftermath.
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If prices remain high but the RSI is falling, it often indicates a continued strong market.
For this case to be reopened, ZEC would need to recover $582, all of which has been blocked since November 23rd. If buyers break out of that level, the next major barrier will be at $743. A close above $743 will confirm that the uptrend is once again under control.
The hidden bullish divergence will break if ZEC falls below $440. That means lower lows will form and the short-term trend will become weaker. In that case, the weekend setup will weaken and ZEC will lose its continuation signal.
For now, Zcash still maintains a cleaner structure than most assets, and as long as $440 remains intact, it remains one of the technical altcoins to watch this weekend.
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Picoin (PI)
Pi Coin is last on the list of altcoins to watch this weekend, and it earned that spot for one reason. It’s about continuing to move against the market. Bitcoin is down about 19% and Ethereum is down 24% over the past month, while Pi Coin is down just 7%. It shows clear resilience. PI is up more than 12% in the past seven days, making it one of the few steady gainers in a depressed market.
The chart shows why Pi Coin is worth tracking.
A bullish crossover is coming. The 20-day EMA is rising towards the 50-day EMA. EMA is a moving average that gives more weight to recent candlesticks. When a short EMA breaks above a long EMA, it often indicates increasing momentum.
Once this crossover is complete, Pi Coin could attempt to regain $0.295, the one level it has not been able to surpass since late October.
A clean close above $0.295 would confirm its strength. That would require an almost 15% upside from current levels, but Pi Coin has already demonstrated the ability to outperform when markets slow down.
Support levels are close to each other. The first line is $0.252, which is slightly below the current price. If it breaks, the next supports are $0.232 and $0.220. Below that, further decline could open at $0.209, especially if the bullish crossover does not complete.
