3 Altcoins To Watch This Weekend | November 15 – 16
While Bitcoin has painted a bearish image this previous week following its 8% decline and slip beneath $100,000, it looks like most altcoins will depend on exterior developments. This might show to be each helpful and detrimental to the tokens.
BeInCrypto has analysed three such altcoins to observe this weekend that would witness a surge or a fall.
(*16*)Arbitrum (ARB)
ARB trades at $0.241 after a 21% drop previously 24 hours, reflecting mounting stress forward of this weekend’s token unlock. Market sentiment stays fragile as uncertainty builds, elevating issues that further provide might amplify volatility and restrict any near-term recovery for the altcoin.
The scheduled launch of 92.65 million ARB, price greater than $22.35 million, could add downward stress in an already unstable market. If promoting accelerates, ARB might slip towards the $0.200 psychological help degree, creating circumstances for deeper losses if sentiment weakens additional.
Want extra token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
If ARB stabilizes at $0.242 and avoids a pointy decline, the (*3*) a restoration towards $0.295. A profitable transfer above this degree would sign renewed purchaser confidence and totally invalidate the bearish outlook, providing a possible reversal for short-term merchants.
Undead Games (UDS)
UDS stays one of many few tokens nonetheless buying and selling near its all-time high, exhibiting resilience regardless of broader market weak spot. The altcoin sits solely 23% beneath its peak of $2.90, signaling stronger demand and tighter provide circumstances in contrast with many property experiencing deeper corrections.
The tightening of the Bollinger Bands suggests UDS is making ready for a pointy volatility spike. Weekends typically amplify market swings, and a bullish transfer might push the token above $2.59. Sustained momentum could permit UDS to retest the $2.90 all-time high and appeal to increased trader interest.
If bearish momentum takes maintain, UDS could fall beneath the $2.29 and $2.14 help ranges. A breakdown would invalidate the bullish setup and expose the token to steeper losses. This situation highlights how shortly sentiment can shift when volatility compresses earlier than main worth strikes.
(*15*)Berachain (BERA)
Another one of many altcoins to observe this weekend is BERA, which trades at $1.42 after a 15.6% weekly drop, reflecting mounting uncertainty out there. The Ichimoku Cloud alerts bullish momentum, but its place above the candlesticks contradicts the pattern.
Berchain’s launch of the claims web page might assist stabilize BERA’s worth. The device permits customers affected by the Balancer v2 and BEX exploit to recuperate misplaced deposits, doubtlessly supporting sentiment. This growth could maintain BERA above $1.41 or spark a rebound towards $1.57 if demand strengthens.
If bullish momentum weakens and the claims web page fails to carry confidence, BERA might break beneath $1.41. A drop by this help could push the altcoin towards $1.31. This would invalidate the bullish thesis and sign deeper draw back danger amid ongoing market volatility.
The publish 3 Altcoins To Watch This Weekend | November 15 – 16 appeared first on BeInCrypto.
