The crypto market is about to enter the weekend trade and as expected, a slight rise in volatility was observed. As a result, the Bitcoin price underwent a minor pullback below $70,000, which has changed the possibility of forming a new ATH. In the meantime, some of the altcoins have gained momentum and are expected to trigger a healthy upswing in the coming week.
The latest surge in the markets had assisted the Injective price to break out from the falling wedge. The price has reached one of the crucial resistance zones and if it enters the zone, then the price is expected to trigger a healthy upswing to hit $31. However, the technicals suggest the price may consolidate for a while before the bullish breakout. Hence, after closing the weekly trade on a bearish note, the INJ price is expected to maintain a healthy upswing throughout the week ahead.
Wormhole has gathered huge attention ever since its inception, however, the price maintained a steep bearish trend. However, the price is trying hard to rise above the bearish captivity and the upcoming bullish weekly close could substantiate the bullish claim. The RSI is incremental and forming constant higher highs and lows, suggesting a constant growth in the price can be expected hereafter, which may lead the W price to reach $1.
JasmyCoin’s price has been the centre of attention after it soared over 500% in the past couple of months. After reaching the crucial resistance, the price has maintained a strong ascending trend and reached $0.04, which indicates the continuation of the bullish trend ahead. The JASMY price is expected to close the weekly trade above $0.041, which may pave the way for a bullish week ahead with a huge possibility of achieving higher targets close to $0.05.
Similar to the other altcoins, Stacks was trading within a steep bearish trend for over a month, which was broken in the past few days. With this, the bulls have gained momentum and appear to be self-assured of maintaining a strong ascending trend. The price, after a breakout, underwent a retracement, which further opens the door for a fresh upswing, which may help the STX price regain the crucial resistance zone between $2.77 and $2.87 in the coming week.
Toncoin has been one of the biggest surprises of the year, as the token led a fine rally to enter the top 10 cryptos. Ever since the token marked a new ATH, it has remained stuck within the zone and failed to rise above it. However, the price is expected to break above the resistance and hit $8, which will be a new ATH followed by a bearish pullback.
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