The crypto market had an exceptional week, with the total value of all assets increasing by nearly $300 billion. This was driven by Bitcoin reaching a new all-time high, crossing the $117,900 mark. Accordingly, a bullish weekend is expected from the crypto market.
BeInCrypto analyzed three altcoins that seem ready for further growth in the next two days.
Hyperliquid (HYPE)
HYPE has risen by 11% over the last 24 hours, currently trading at $45.28. The altcoin is less than 2% away from its all-time high (ATH) of $45.80. This price increase signals growing investor interest and sets the stage for a potential price increase in the near future.
While a new ATH seems likely, a key challenge for HYPE is reaching the $50.00 mark. This level may act as psychological resistance, potentially leading to increased demand and further bullish sentiment. However, this movement depends on whether HYPE can hold $45.80 as support to maintain its upward momentum. If HYPE faces selling pressure after surpassing $45.80, it may revert to the support level of $42.30. Losing this support would nullify the bullish forecast, indicating a potential market correction and halting any further price increases.
World (WLD)
The price of WLD has increased by 22.4% over the last 24 hours, becoming one of the most successful altcoins. It is currently trading at $1.11, attracting attention due to strong investor interest and positive market sentiment. This increase underscores growing confidence in the asset and its potential for further growth.
The next key resistance level for WLD is $1.19, which the altcoin may potentially overcome. Increasing flows indicated by rising Chaikin Money Flow (CMF) suggest that investors are increasingly putting capital into WLD. A successful break above $1.19 is likely to push the price to $1.33, marking a significant bullish movement. However, if WLD fails to hold $1.19 as support, it may decline. The altcoin will remain above the support level of $1.06, but further selling pressure could reduce the price below this threshold. Falling below $1.06 would lead to a potential drop to $0.95, nullifying the current bullish forecast.
Pepe (PEPE)
PEPE has risen by 18%, becoming one of the leading altcoins of the day, currently trading at $0.00001304. Just below the resistance at $0.00001312, PEPE is showing strong momentum. This upward movement indicates growing investor interest, with potential for further growth if the resistance is overcome in the near future.
In mid-June, PEPE transitioned from a bullish to a bearish trend after forming a death cross. Since then, it has tried to reverse this trend. However, if market conditions improve, PEPE may overcome resistance at $0.00001389, potentially leading to further recovery and a restoration of upward momentum for the altcoin. If PEPE faces selling pressure from short-term holders, it may pull back and return to support levels of $0.00001216 or $0.00001059. Falling below these levels would nullify the bullish forecast, indicating a potential shift to a more bearish trend and halting PEPE's recovery.
#BinanceSquare #Write2Earn #binance #crypto #trading $PEPE
