Here are 7 Altcoins to Collect and Watch This Week!

This week, the total crypto market cap increased by $28.9 billion (3.14%) to $950.4 billion. The US economic indicators and the market sentiment regarding the FED’s monetary policy gave direction to the week. Blockchain news bolstered the upward move, while Fed fear dragged a market down. The biggest news in this area came from two major altcoin projects: Ethereum and Cardano.

7 altcoins to watch out for this week

cryptocoin.com We have compiled for you the altcoin projects that should be watched and collected this week. Cardano (ADA) is at the top of the list to watch this week. It is important as the leading altcoin Ethereum (ETH) also finds strong support. Also, Solana (SOL), Polkadot (DOT), EOS (EOS), Cosmos (ATOM), and Litecoin (LTC) are also worth watching. Let’s take a look at the reasons and the levels that should be followed.

Cardano (ADA)

In the current week, Cardano (ADA) is up 15.6% to $0.496. Having been bullish from the start of the week, ADA has climbed from Monday’s low of $0.424 to Sunday’s high of $0.510. Then he started to relax. Despite the bullish week, ADA remains below the August high of $0.595. During the week, Vasil hard fork updates became the catalyst for the ADA price. Earlier in the week, news that 75% of DPT nodes were upgraded to v1.35.3 provided price support.

However, Friday’s announcement of the Vasil hard fork on September 22 brought it back to $0.51. Altcoin price must surpass the August high of $0.595. Thus, it will be possible to surpass the June high of $0.6688 and target the May high of $0.906. The return to $0.55 at the beginning of the week will be the key point. However, if the August low hits $0.425, the price will decline. For Cardano, the Vasil hard fork looks set to continue to be the main driving force.

Polkadot (DOT)

Monday to Sunday Polkadot rose 4.80% to $7.20. A mixed start to the week, the altcoin dropped to $6.79 from August’s low on Monday. It then rallied to Friday’s high of $7.57. However, a bearish weekend left the DOT below $7.30. There was also no network update to support DOT. The cryptocurrency entered the top ten cryptocurrencies by market capitalization before re-emerging.

Looking at the trends, the altcoin should make a move towards the August high of $9.68. Thus, a run to $10.00 and the June high to $10.73 would be possible. The DOT has the potential to make a clear rally to the May high of $16.44 after $10.73. However, the DOT must prevent a pullback to the current year low of $5.99. For that, it has to avoid the August low of $6.79. Fear of the FED seems to be the main price determinant for the DOT.

Ethereum (ETH)

From Monday to Sunday, ETH was up 8.98% to $1,554. On Monday, the leading altcoin dropped to an August low of $1,421. It then rose to $1,650 on Friday. Investor sentiment towards the upcoming Merge upgrade continued to provide support for ETH price. Looking at the trends, ETH needs to return to $1,700 for an uptrend. This would support a break from the August high of $2,013 and a move to $2,500.

At $2,500, the bulls will target the May high of $2,968 and $3,000. A return to $3,000 will give the bulls a chance to run to the April high of $3,582. However, a return to August’s low of $1,421 would set June and this year’s low of $880 on the agenda. This week, developments around Merge will continue to be the main determinant for Ethereum.

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This week, SOL is up 3.95% to $31.6. Following the broader market, the SOL hit Monday and August’s low of $29,9150 before hitting Tuesday’s high of $33.1. US economic indicators and the market’s sentiment towards the FED led the price throughout the week. Altcoin seems to continue its price action this week as well.

Looking at the trends, Solana should make a move towards the August high of $48.42. This will give the bulls a shot at a run to the May high of $95.19. However, once SOL reaches $75, it will need ample support to move up from here. However, a correction from August’s low to $29.9 would give the bears an escape to June and the current-year low to $25.78.

Litecoin (LTC)

Litecoin price started September trading on a bullish note, breaking past critical 50-day MA levels. Despite the bearish move, the price maintains the newly formed support levels. Thus, it shows the possibility of reaching fundamental resistance very soon. If LTC price continues to hold the support at $59, there will be greater chances of it breaking above $75.

The altcoin has now found a footing to gain the necessary support to move forward to the next goal. However, a minor pullback is also in the cards, which could push the price below these levels. Once the demand zone is reached again, Litecoin could rise in a catapult driven by a significant influx of liquidity. It is possible for the price target to hit $80 before the end of the monthly trade.

EOS (EOS)

EOS price has been bullish since the rally rebounded in mid-June. With a few widening spikes, the altcoin pushed targets above $2. However, it is possible that upside price action may hinder the asset for a while. However, a significant recovery seems to be coming soon.

EOS has always waited for a trigger to rise to the next levels. Recently, the asset revisited the trigger at $1.36 and its price surged above $1.56. Therefore, at the moment the price is dropping significantly and it needs to trigger again to rise. EOS price target for next week is around $1.85. However, by the monthly close, the coin is likely to trade above $2.

Cosmos (ATOM)

Cosmos has been exhibiting strong price action over the past few months, with continuous highs and lows. However, it is possible that we may see continued price fluctuations in the future. However, it looks like it will soon cause a big foot rise to break above $15.

After breaking above a large falling wedge, ATOM price broke above the descending consolidation. Amid extreme bearish pressure, the altcoin firmly held key areas and bounced back. However, the price is likely to hover just above the $11.5 support for a while before it moves towards the target. However, it is expected to increase by about 50% to over $17 very soon.

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