The crypto market is experiencing a correction: since August 15, its value has fallen from $4.08 trillion to approximately $3.89 trillion, a decrease of 4.6% in less than a week.
BeInCrypto's editorial team analyzed three altcoins that could show significant growth over the weekend of August 23-24.
Zcash (ZEC)
Zcash, known for its privacy protocol, is showing signs of recovery after a week of sideways movement, increasing by 9% in a day.
On the 12-hour chart, the price of ZEC is approaching resistance at $43.48.
Zcash Price Analysis: TradingView
The Bull Bear Power indicator has also shifted in favor of the bulls, supporting bullish momentum for the weekend.
If the situation does not change, ZEC could continue to rise to $45.99 and $47.12. However, for this to happen, the candle must fully close above $43.48. The risk lies in losing the level of $39.60, which would negate the bullish scenario and return the token to consolidation.
Chainlink (LINK)
Chainlink continues to strengthen its reputation as a leading oracle project, and recent activity on the network has amplified this trend.
LINK whales make it one of the top altcoins to watch: Nansen
Over the past week, whales have accumulated 1.09 million LINK, increasing their holdings by 24.77% to nearly $27 million. Such active buying behavior from large holders rarely goes unnoticed and often creates support in the market, indicating confidence in the project's future.
LINK Price Analysis: TradingView
LINK is consolidating around $24.95, between Fibonacci levels of $24.69 (0.382) and $25.72 (0.5). If the price breaks above $26.76 (0.618), the token will have a chance to reach $28.23 and then the psychological level of $30. On the other hand, a drop below $21.34 would negate the bullish scenario.
Toncoin (TON)
Toncoin continues to attract market attention. On the charts, TON is trading around $3.28 in a weekly upward channel. The price is consolidating just below resistance at $3.35, and a breakout could accelerate the move to $3.51 and $3.70.
Hidden divergence supports the bullish scenario: RSI shows decreasing values, while the price forms higher lows. This signals hidden strength from buyers and a possible reversal.
TON Price Analysis: TradingView
Fundamental factors also support TON. Verb Technology's strategy with a treasury of $780 million has strengthened investor confidence, and the integration of native TON staking into Ledger Live has opened secure, non-custodial access to staking for millions of users.
These factors make TON one of the most promising altcoins to watch this weekend. However, if the price falls below $3.18, the forecast would change, and a drop below $3.09 would neutralize the sentiment.