TRENDING

Home » 3 Altcoins That Could Move Markets This Weekend

3 Altcoins That Could Move Markets This Weekend

Bitcoin’s recovery sets the stage for OM, Memecore, and Polygon to test key price levels this weekend.

by Oscar phile phile
0 comment
Altcoins

The altcoins market is once again buzzing with anticipation as Bitcoin shows signs of stabilising after weeks of turbulence. With broader market cues improving, certain altcoins are beginning to attract investor attention. This weekend could prove decisive for three tokens in particular MANTRA (OM), Memecore (M) and Polygon (POL) each standing at a critical juncture in their price action.

MANTRA (OM): Liquidity Shift Could Be a Turning Point

After a challenging week that saw OM decline by 14%, the token is now trading at $0.207, hovering dangerously close to the $0.200 support level. This threshold has emerged as a crucial short-term line of defence for MANTRA. Should the token hold this support, it could establish a base for a potential rebound.

OM Price Analysis. Source: TradingView

OM Price Analysis. Source: TradingView

Adding to the intrigue, MANTRA is set to shift Association liquidity from the OM/USDC pool on Osmosis to MANTRA Swap this weekend. This consolidation aims to deepen liquidity pools and improve overall trading efficiency, a development that could inject renewed confidence into the project.

If the shift delivers as expected, OM could see its price rise toward the $0.228 resistance level, reigniting recovery momentum. However, risks remain: should bearish pressure intensify and push OM below $0.200, the token may slide further to $0.188, erasing any near-term bullish outlook and leaving investors exposed to steeper losses.

Memecore (M): Riding a Wave of Hype and Momentum

Perhaps the most striking performer of the week, Memecore (M) has surged nearly 300%, climbing to an all-time high of $1.74. This meteoric rise highlights the power of speculative momentum, with investors flocking to the token amid renewed enthusiasm for meme-driven cryptocurrencies.

The technical outlook remains supportive of further growth, as the Parabolic SAR sits below the candlesticks, signalling a strong uptrend. If bullish sentiment holds through the weekend, M could push even higher, with $2.00 emerging as the next psychological milestone.

M Price Analysis. Source: TradingView

M Price Analysis. Source: TradingView

That said, volatility is the double-edged sword of such rapid gains. Profit-taking remains a real risk as traders look to secure returns, which could drive the token back down toward its $1.14 support level. A drop of that magnitude would not only threaten recent gains but could also weaken the bullish outlook that has so far powered M’s rise.

Polygon (POL): Eyeing a Breakout Above Resistance

While not as dramatic as Memecore’s rally, Polygon (POL) has quietly posted solid gains of 15.4% over the past week, with the token now trading at $0.286. However, POL’s upward momentum remains capped by the $0.292 resistance level, which has proved a stubborn barrier in recent sessions.

POL Price Analysis. Source: TradingView

POL Price Analysis. Source: TradingView

The coming weekend could be decisive. Technical indicators point to underlying strength, with the Exponential Moving Averages (EMAs) signalling a potential Golden Cross if bullish momentum persists. Should POL manage to break through $0.292, it could swiftly target the $0.300 mark and beyond, reinforcing long-term optimism.

Still, caution is warranted. A failure to hold momentum could see POL retreat to $0.271 support and in a more bearish scenario, the token might fall further to $0.256. Either outcome would undermine the bullish narrative currently surrounding the asset.

Market Outlook 

As Bitcoin steadies, the broader altcoins market appears to be regaining some footing, but volatility remains the underlying theme. For OM, M and POL, the weekend brings both opportunity and risk. MANTRA’s liquidity shift could spark a reversal, Memecore’s speculative frenzy could drive new highs and Polygon’s resistance test may shape its longer-term trajectory.

Investors will need to keep a close watch on these altcoins as price movements over the next 48 hours could set the tone for the coming weeks. Whether bullish momentum prevails or bearish pressure resurfaces, one thing is certain, the weekend promises no shortage of action in the altcoin market.

Related Posts :

footer logo