We are on the verge of completing the first of 2024, and this half has been a true crypto experience with Bitcoin making new all-time highs, Ethereum under ETF convoy, and altcoins malign surprise gains and losses.
This week for crypto had uncertain losses and gains with the Bitcoin price hurdling $60K to $62K, ETH in the dark clouds, new memecoins making waves, and new sectors like AI token, and RWA at the foothill.
The Market is uncertain, but yielding. So it is very important to figure out projects that have the potential to resist the corrections and make pullbacks. Hers is our watchlist for the next week.
1. Kaspa (KAS): $0.25 Target
The proof-of-work Blockchain Kaspa, KAS has moved from $0.149 to $0.18 at the time of writing, a 22% growth. In line with this week’s performance, the asset has moved above all long-term moving averages and sentiments remain strong.
Awesome Oscillator (AO) shows red bars on the histogram, but not intense, which may lead to short-term correction near $0.183 resistance. Next week’s looks significantly above $0.25.
Additionally, the Elder-Ray Index plots a positive value suggesting a bullish movement ahead. The indicator shows the strength of buyers and sellers in a positive and negative metric respectively.
2. Brett (BRETT): Target $1.7 to $1.9
Brett the #1 meme coin on the Base network is been the trader’s choice since its release. This crypto in this week (23-29 June) rebounded from the $0.1278 low to the live price of $0.16, a 26% surge. On Tuesday alone BRETT surged 36% to $0.17 followed by a slight correction in later days, now moving into the consolidation phase.
Current Price metrics are bullish toward the $0.17 hurdle.
With all the positive price action, BRETT has never made it to $0.2, and ATH is $0.192. A surge above $0.2 will mark a psychological achievement.
Brett’s team is making strong fundamental movements like the recent listing on SuperEx, and the upcoming SeamlessFi may add some thrust to buyers.
BRETT/USDT Chart forecasts a consolidating phase, while the price is above all moving averages, the technicals are down. MACD is above the histogram but below the trend line, showing neutralization.
Additionally, the Alligator indicator shows trend lines moving closer with green and red line in the same place.
BRETT seems to sleeping now, holding back for the price to move in either direction to book profits in the next week.
3. Akash Network (AKT): Target $3. 8 to $4.2
Investors have shown faith in Akash Network this week, the sellers were weak and the price was pulled back from $2.71 to $3.64, a 34% spike in 4 days. Consistency can be seen above $3.60, profit booking seems to be reduced, and buyers showing interest near the support zone.
AKT price is now defending SMA & EMA 30 but slipped below that for a while. A cross above EMA 200 will trigger an upward rally. Conversely, if the price direction turns other side and the price slumps to $2.75, the seller will further drag to the $2 hurdle..
RSI at 44, slows down the oversold position and MACD paints a fine golden cross indicating a strengthening trend.
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