This month's last weekend is expected to be relatively calm as geopolitical tensions ease. Concerns surrounding Greenland are receding, the cryptocurrency market is regaining stability, and it seems to be seeking a clearer direction.
BeInCrypto analyzed three altcoins that may show strong movements heading into this weekend.
Tezos (XTZ)
XTZ is entering the weekend with the Tallinn upgrade in operation and significant materials on the horizon. This update aims to enhance network efficiency, speed, and security. Protocol upgrades often affect short-term price fluctuations, making Tezos a focal point for traders preparing for volatility.
Technical indicators also suggest the possibility of a breakout. The Bollinger Bands are converging, indicating a reduction in volatility. If the bands expand with the Tallinn upgrade, there may be developments where the price of XTZ exceeds $0.59 or $0.62. If the breakout is successful, Tezos is expected to approach the resistance at $0.66.
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The upward scenario will depend on the market's reaction. If traders do not respond positively, the price may remain within a range. In that case, despite the protocol upgrade, XTZ may fluctuate between $0.55 and $0.62, reflecting a neutral sentiment.
Seeker (SKR)
SKR recorded a sharp rise of 335% this week, updating its previous all-time high of $0.0597. This surge has led to the inflow of short-term speculative funds and profit-taking sales. From the initial momentum, SKR has shown high volatility, resulting in active participation from short-term traders.
After updating the high, SKR has dropped by 23.6%, currently fluctuating around $0.0390. It is maintaining support at $0.0385, but selling transactions are beginning to outpace buying. If this trend continues until the weekend, selling pressure may increase, and it could fall to around the next major support level of $0.0205.
If the sentiment improves, there is also a possibility of a rebound. If new buying activity supports the price, an upward reversal can be expected. If it breaks through the level of $0.0517 again, it will pave the way for a retest of the previous high or a new all-time high.
Canton (CC)
CC has become one of the few altcoins showing an upward trend heading into the weekend. The Money Flow Index indicates increasing buying pressure, reflecting heightened interest from investors. If this accumulation phase continues, the market environment may stabilize, and CC could extend its value with relative strength.
CC is currently fluctuating around $0.142 at the time of writing, positioned just below the resistance at $0.148. If the breakout is successful, it will rise to around $0.164. This movement will bring CC closer to its previous all-time high of $0.177 (about 24% above the current level).
This upward scenario also assumes a breakthrough of the resistance. If it cannot break through $0.148, selling pressure may reignite. In this case, CC may drop to the support near $0.133, invalidating the bullish scenario and postponing any movement towards the previous all-time high.
