3 Altcoins to Watch This Weekend | 05 – 06/07

The third quarter and the first week of July began with significant volatility. Some crypto tokens have surged strongly, while others have suffered losses. However, the weekend is expected to bring positive changes for some altcoins.

BeInCrypto has analyzed three altcoins for investors to watch this weekend, based on their network developments.

Jupiter (JUP)

JUP has had a positive week, increasing 12.4% over the past seven days, currently trading at $0.442. This altcoin is accumulating between $0.471 and $0.424, suggesting a potential breakout is preparing.

The Parabolic SAR indicator is below the candles, signaling a potential upward trend for JUP. This technical pattern indicates buying pressure may increase, which could push the altcoin higher. Additionally, the launch of Jupiter Studio, which allows the community to create tokens, could increase demand for JUP.

With the Parabolic SAR indicator showing an upward trend and the launch of Jupiter Studio, JUP is likely to break the resistance level of $0.471. If successful, it could target $0.517. However, without sustained upward momentum, the altcoin may continue to accumulate in its current range, limiting short-term profits.

Dog (Bitcoin) (DOG)

DOG, a meme coin built on Bitcoin, is expected to have an airdrop event this weekend, with Kraken promoting July 6th as the date. Airdrops typically create excitement, which can boost demand for the token.

DOG has attracted significant investor attention due to its market persistence. Currently trading at $0.0041, this meme coin could advance to $0.0047 if the airdrop creates high demand. This potential price increase could make DOG a popular choice for traders looking to capitalize on short-term fluctuations in the event.

However, if the excitement from the airdrop does not create significant price changes, DOG may move sideways at the support level of $0.0039. If it drops below this support, it would invalidate the price increase prospects, potentially pushing the altcoin down to $0.0035.

Hosico Cat (HOSICO)

HOSICO has attracted significant investor attention, with a 172% increase over the past week. This meme coin is currently trading at $0.0514, showing strong momentum. This surge emphasizes HOSICO's potential, but market momentum can change as the coin faces resistance and investor sentiment shifts in the short term.

The Relative Strength Index (RSI) shows HOSICO is overbought due to the recent surge. However, this could lead to a cooling-off period, allowing the altcoin to build momentum for further growth. If the upward trend continues, HOSICO could break the resistance level of $0.0619, targeting $0.0775 in the coming weeks.

If strong selling pressure emerges, HOSICO could lose support at $0.0486. This would invalidate the current price increase prospects, potentially leading to a decline to $0.0347.