The cryptocurrency market started the new year on a positive note, with most altcoins currently showing upside potential across multiple time frames. With that in mind, let’s examine the 5 altcoins to watch out for in the last weekend of January, with their technical levels.
5 cryptocurrencies that can move on the weekend of 28-29 January
Top-ranking Polygon (MATIC) gained 8% on Thursday after news of its collaboration with crypto custody service BitGo and blockchain analytics platform Arkham Intelligence. It currently retains most of that gain ahead of the weekend.
Specifically, Polygon posted an increase of 14.54% accumulated over the previous seven days on January 27 and a 37.63% increase compared to 30 days ago. Crypto analyst Ana Nicenko expects MATIC to top the list, possibly in a possible green market, on the weekend as Bitcoin strengthens above $23,000.
After VeChain (VET) recently partnered with the United Nations (UN) to improve sustainability, the development has seen double-digit value in weekly and monthly timeframes. In development, the VeChain Foundation has announced that it will use Ethereum Virtual Machine (EVM) compatible VeChain to help the UN achieve its 17 sustainable development goals (SDGs), demonstrating the real-world utility of the network.
VET is currently gearing up for a strong weekend following the news of the United Nations (UN) partnership on 26 January. It has managed to close most of its daily candles green in recent weeks.
Threshold (T), one of the lesser-known altcoin projects among the top 100 by market capitalization, has made significant progress in monthly and weekly timeframes until the last correction. News of the recent merger of NuCypher (NU) and Keep Network (KEE) to revive Threshold drove its weekly earnings to an astonishing 150%.
It should be noted that the T token is currently experiencing a 12% correction. Aiming to provide different threshold cryptographic solutions to the Web3 community in a completely decentralized way and bring more benefits for cryptocurrencies, the native token of the project is trading at $0.04866 with an RSI of 79.
Closely followed by traders, Aptos (APT) is up 125% over the previous seven days, posting a monthly gain of 439%. It is currently trading slightly lower at $17.73. It was just under $4 a month ago.
Despite falling by about 4% on the day, Aptos is attracting the attention of investors with a series of research by Binance that highlights all the developments that have occurred on it. Binance posted a technical flood here about Aptos’ performance in the new year.
As for Bitcoin, the leading cryptocurrency is poised to enter the weekend above the key support zone of the week at $23.00. cryptocoin.comAlex Kruger and a few technical analysts, who you follow from , expect Bitcoin to trade at this level for a while. In his current analysis, Kruger said, “I was expecting consolidation around $23,000, then higher levels. By the way, $23,000 or $19,000 doesn’t make much of a difference.”
Kruger expects Bitcoin to rally to $35,000, a roughly 52% jump from current levels before a correction is made. It is a matter of curiosity how BTC will react over the weekend after positive US economic data.
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