A weekend in the cryptocurrency market is characterized by a mix of uncertainty and possibilities. During this time, institutional investors tend to step back, giving retail traders the responsibility of navigating the market. This leads to increased volatility, making it challenging for investors to effectively manage their positions.
With that in mind, BeInCrypto has reviewed three tokens that are showing a strong tendency to gain the attention of investors this weekend:
1. Fartcoin (FARTCOIN)
Fartcoin, a prominent AI meme token, has recently experienced notable growth, with a 14% increase in the past 24 hours. The positive momentum positions Fartcoin for further gains, drawing attention due to its consistent upward trend over the past weeks. Currently priced at $1.60, Fartcoin aims to maintain the $1.54 support level. Indicators suggest a continuation of the uptrend, with a potential target of $2.00 if the bullish momentum persists. Failure to hold the $1.54 support could lead to a price drop to $1.20, altering the bullish outlook for the token.
2. Jupiter (JUP)
Jupiter has witnessed a significant increase in demand following a recent event, reflected in a notable rise in CMF over the past week. This surge in interest signals potential bullish momentum for Jupiter in the near future. With a 17.6% price increase in the last 24 hours, Jupiter is aiming to secure the $0.57 support level. A successful bounce at this level could propel the token towards $0.68. Losing the $0.57 support level might result in a decline to $0.47, potentially leading to a consolidation phase impeding further price growth.
3. Moo Deng (MOODENG)
Meme coins are known for their weekend volatility, making them crucial to monitor. Moo Deng, a significant meme coin, is approaching a Golden Cross indicated by the EMAs. This potential bullish trend has already seen a 28% rise in the past 24 hours. If MOODENG surpasses the $0.355 resistance, it could rise to $0.450 and approach its all-time high of $0.700. Failure to break the $0.355 barrier could lead to continued consolidation above the $0.180 support level, limiting immediate growth potential.