3 Altcoins To Watch This Weekend | February 28 – March 1

(*28*)Crypto merchants ought to regulate key altcoins exhibiting notable technical setups and potential catalysts. Market-moving occasions, together with token unlocks, breakout patterns, and overbought situations, might create short-term volatility.

BeInCrypto has analysed three such altcoins which might be getting ready for a unstable weekend.

Sui (SUI)

SUI faces a token unlock on March 1, when 53.82 million SUI, roughly 0.54% of whole provide, will enter circulation. The unlocked tokens are valued at over $50 million. If market demand fails to soak up this provide, (*1*) could intensify.

SUI is buying and selling at $0.935, beneath the $0.977 resistance stage. The Squeeze Momentum Indicator indicators compression, whereas the histogram displays rising bullish energy. If volatility expands upward and broader crypto sentiment stays constructive, SUI might break $0.977 and goal $1.060.

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However, draw back dangers persist if buyers promote into the unlock event. Failure to soak up new provide could push SUI beneath the $0.879 assist stage. A breakdown beneath that threshold might expose the following draw back goal close to $0.778, invalidating the near-term bullish outlook.

Pippin (PIPPIN)

PIPPIN value resumed its upward momentum after a quick consolidation, setting a brand new all-time high at $0.904 up to now 24 hours. The token now trades at $0.679. Elevated buying and selling exercise displays sustained speculative curiosity throughout the broader meme coin phase.

The bullish broadening descending wedge sample stays intact on the each day chart. Price motion continues approaching the projected 221% rally goal. A decisive transfer above $1.000 would strengthen the breakout thesis. The Chaikin Money Flow indicator exhibits robust inflows, supporting continued upside momentum.

However, draw back danger persists if holders shift towards profit-taking. A breakdown beneath the $0.666 assist stage would weaken the present construction. In that case, PIPPIN might decline towards $0.514. Losing that threshold could prolong losses towards $0.385, invalidating the bullish outlook.

Stable (STABLE)

Another one of many altcoins to watch this weekend is STABLE, which is buying and selling at $0.036 on the time of writing after setting a brand new all-time high of $0.039 throughout intraday buying and selling. The Parabolic SAR stays beneath the candlesticks, confirming that the present uptrend is technically intact throughout short-term time frames.

Momentum indicators, nonetheless, counsel warning. The Money Flow Index has crossed into overbought territory, a stage usually related to profit-taking and short-term reversals. If promoting strain emerges, the STABLE value might retrace towards $0.030 or probably take a look at deeper assist close to $0.025.

Should bullish momentum persist, a wholesome cooldown could comply with reasonably than a direct decline. Similar consolidation occurred final week earlier than additional beneficial properties. STABLE might vary between $0.039 and $0.030. A breakout above the present ATH could open the trail towards $0.048, invalidating bearish expectations.

The submit (*3*) appeared first on BeInCrypto.