The cryptocurrency market is facing a healthy price decline this week, with Bitcoin falling to a two-week low near $66,000. Altcoins like Etherem lost 7% in a week below $2,000, and Solana, BNB, XRP, Shib, Doge, Pepe and many of the previous coins were lackluster. Despite positive institutional participation, the uncertain geopolitical situation has increased market greed.
Coinpedia Markets analysis for next week expects the week to be neutral to bullish. Bitcoin will trade in a range between $66,000 and $72,000, and altcoins with positive growth may repeat the cycle.
Here is our altcoin watchlist for next week.
Bittensor Target (TAO): $414.60
pettensor(tau)) is a star performer, with month-on-month growth of nearly 80%, going from a low of $171 to $375.
TAO/USDT is currently trading at $320.62 with a growth of -2.29%, showing strong bullish growth on a 4-hour frame. An RSI of 48 represents neutral buying pressure, but the altcoin price is trading above the Ichimoku Cloud, indicating buyer confidence.
Moving in an up channel, the price may decline to a buying opportunity of $280 to $305. In the same scenario, followed by a correction, TAO is expected to trade in the $380 to $415 region in the next two weeks.
In case the trend is reversed, Bittensor offers strong support at the $300 level.
SIREN Target: $4
The newly launched AI-memecoin on BSC, SIREN, was on the list of top gainers over the past week. At press time, Sirin coin It is trading at $1.66, with 24-hour growth of 101% and monthly growth of 337%. It should also be noted that in the previous two trading days, it fell by 62% within days, falling to around $0.875.
Despite all the scrutiny and warnings about the high concentration of circulating supplies held by the team, the SIREN coin is a dramatic and clear result of FOMO mixed with ongoing uncertainty.
SIREN/USDT is also seen with balanced long/short derivatives, which could further amplify the price near the $1.7 horizontal resistance band. Holding above this level could lead to a rise to the next resistance level near $2.06.
In a bearish scenario, i.e. a break below $1.50, SIREN could retest the support at $1.20.
Midnight target (overnight): $0.072015
Cardano-based coin Midnight (NIGHT) reacted bullish again after UK-based Monument Bank announced its plan to tokenize ADA and NIGHT tokens. Moreover, today, the rally was supported by yesterday’s Australian exchange listing CoinSpot.
Night coin At the time of writing it is trading at $0.05164, up 12.4% in 24 hours and moving 18.67% in one month. Launched in early March, Midnight has earned its place among the top 50 coins by market cap at US$744.4 million.
The 4-hour NIGHT/USDT chart shows that altcoins are regaining momentum. The Average Directional Index (ADX) is at 26 and trending upward, indicating that buyers have entered since March 26. The MACD line is above the signal; There is a sharp shift in momentum for further gains.
NIGHT support is now at $0.045 and $0.0423, the resistance pain point is at $0.5517, and a break beyond that would push the altcoin to the $0.07 region.
Other coins in the list are
Fat Penguins ($PENGU)
- Now: $0.006546
- Target: $0.0077
river ($river)
WikiCat ($WKC)
- Now: $0.0000001104
- Target: $0.00000018504
QUBIC ($QUBIC)
- Now: $0.0000009989
- Target: $0.00000166719
Osaka Protocol ($OSAK)
- Now: $0.00000004137
- Target: $0.000000070414
dusk ($dusk)
- Now: $0.1104
- Target: $0.2110
Hachiko (Hachi)
- Now: $0.0000000005016
- Target: $0.0000000157491
The market is greatly affected by the ongoing war situation, and Bitcoin declines due to uncertainty, which makes altcoins decline as well. But the currencies mentioned above are not significantly affected by this trend.
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