The cryptocurrency market has experienced an exceptional week: the total value of assets increased by nearly $300 billion. Bitcoin reached a new all-time high, surpassing $118,000.
The BeInCrypto editorial team analyzed three altcoins — Hyperliquid (HYPE), World (WLD), and Pepe (PEPE) — that could show significant growth over the weekend of July 12-13.
Hyperliquid (HYPE)
HYPE has risen by 11% in the last 24 hours and at the time of writing this analysis, it is priced at $45.28. The altcoin is less than 2% away from its all-time high of $45.80. This growth indicates increasing investor interest and could lead to further price increases.
The key task for HYPE is to reach $50.00. This level could become a psychological barrier, causing increased demand and further growth. However, success depends on HYPE's ability to hold $45.80 as support.
World (WLD)
The price of WLD surged by 22.4% in the last 24 hours. At the time of publication, the token is trading at $1.11, attracting investor attention due to positive market sentiment. This increase highlights confidence in the asset and its potential for further upside.
The next important resistance level for WLD is $1.19. An increase in Chaikin Money Flow (CMF) shows that investors are actively putting money into WLD. If the price surpasses $1.19, it will likely reach $1.33.
However, if WLD does not hold at $1.19, a decline is possible. The altcoin will remain above support at $1.06, but selling pressure may push the price below. Losing this level could trigger a pullback to $0.95, which would negate the current bullish forecast.
Pepe (PEPE)
PEPE has risen by 18%, becoming one of the best altcoins of the day, and at the time of writing, it is trading at $0.00001304. Being just below resistance at $0.00001312, PEPE shows strong momentum. This indicates growing investor interest and potential for further growth.
In mid-June, PEPE would shift from a bullish trend to a bearish one after the appearance of the 'death cross'. Since then, it has been trying to reverse this trend. If market conditions improve, PEPE will have a chance to overcome resistance at $0.00001389, which could lead to a recovery and resumption of altcoin growth.
If PEPE faces selling pressure from short-term holders, it may threaten to pull back to support levels of $0.00001216 or $0.00001059. Falling below these levels would negate the bullish forecast and could mark the beginning of a new bearish trend.