The Altcoin market performed a mixed performance this week. Some subcoins experienced great rise, while others entered the process of correction. Here are 5 Altcoin and possible price movements that need to be followed closely this week!
Altcoin: Telcoin (Tel)
Telcoin attracted attention with an increase of 88 percent in the last seven days. This rally increased Tel’s market value over $ 1 billion and has reached its highest level since December 2021. Investors’ interest in the project accelerated Tel’s exit from the long -term consolidation period.
Telcoin aims to offer users a cost -effective money transfer on a global scale. If this rise persists, the price can test the level of $ 0.013 and may rise to $ 0.015. However, if the trend reverses, the wire price may decrease to $ 0.0075, or even in a worse scenario to $ 0.0042.
Altcoin: SONIC (S)
Sonic increased its market value back to 1.5 billion dollars with a 40 percent rise last week. However, a 37 percent decrease in transaction volume indicates that short -term market activity has decreased. Although the investor’s interest still continues, Sonic’s recovery process continues.
Sonic is a project that has previously known as fantom and attracts attention with its speed -oriented EVM Layer 1 infrastructure. If the current rally continues, the price is expected to test $ 0.60. However, if this level is not exceeded, the price can be withdrawn to $ 0.47 and more sales pressure can cause a decrease to $ 0.33.
Altcoin: Litecoin (LTC)
Litecoin stands out as one of the subcoins that can receive ETF approval in the USA. LTC, which gained 30 percent last week, increased its market value over 10 billion dollars again. Technical indicators show that short -term moving averages are above long -term ones.
If this rise trend continues, Litecoin is expected to test resistances of $ 141 and $ 147. If these levels are exceeded, the price is possible to rise up to the $ 150-160 band. However, if the support level falls below $ 110, there is a possibility of declining to $ 96 and $ 86.
Dexe (Dexe)
Dexe lost 11 percent in the last seven days and reduced its market value to $ 1.5 billion. This management protocol, built on Ethereum Blockchain, saw the peak level at the beginning of February. However, sales pressure has increased since then and the price has declined.
If the Dexe price remains in the downward trend, it can test the support level of $ 15.8. The fact that this level is below this level can withdraw the price up to $ 13.2. However, if the recipients are re -activated, resistances of $ 19.4 and $ 24.1 can be tested.
Ondo finance (ondo)
Ondo has been in the last seven days, although it has been in the trend of a decline. The overall rise in the RWA (Real-World Asset) sector may support the recovery of Ondo. As EMA lines approach each other, it can be a harbinger of a possible trend change. If the ondo continues to decline, it can be withdrawn to $ 1,25 support level. However, if the recovery begins, it has the potential to test resistance levels of $ 1,49 and $ 1.66. If these levels are exceeded, a stronger rise trend may begin.
This week there are plenty of opportunities in the Altcoin market. However, it is of great importance to follow these critical levels with the right timing. It is recommended that investors should be careful and closely monitor market trends.
