• Altcoins are slowly beginning to show diverse price action
• The crypto space appears to be in the midst of a significant upswing
• Popular altcoins like BinanceCoin, Polygon, Solana, Dogecoin and more are awaiting the next Bitcoin price action
Crypto Market Analysis: Top 3 Altcoins to Watch this Weekend
Altcoins have started showing some diverse price action as Bitcoin hovers within a narrow range. Tokens such as Arbitrum, Fantom, Optimism display acute strength while Polygon and Solana display a loss in strength. The total crypto market cap is approaching the crucial $1.28 trillion level with a slight drop in BTC dominance which could keep the altcoins in the mainstream.
The ARB token is following the lower trend line which is acting as a strong base for bearish actions. The price has hit the upper band of Bollinger bands, dropped below average levels then rebounded to test upper band again. After recent rejection, it’s now approaching average levels of band before experiencing a giant upswing.
The FTM token jumped high after slicing through its bearish trade setup recently and is currently testing one of its major resistance levels which may trigger an upswing toward first target at $0.57 if cleared. Bearish interference appears high but bullish ADX suggests continued rising towards interim target at $0.64.
OP tokens appear extremely bullish as it approaches upper resistance with bullish divergence appearing on ADX indicating possibility of breaching symmetric triangle soon followed by a bullish breakout from apex after minor pullback within triangle occurs.
Popular altcoins such as BinanceCoin, Polygon, Solana and Dogecoin are waiting for next Bitcoin price action which could propel these tokens into mainstream if BTC triggers another bull run soon.