The past week proved to be rather bullish for the crypto market, with many altcoins noting sharp gains. However, the coming weekend will be crucial as well, considering it will be a test of the rallies’ sustainability.
BeInCrypto has analyzed three altcoins that could either make gains or face reversals this weekend.
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NEAR emerged as one of the best-performing altcoins in the last 24 hours, rising 13% to $3.20. Despite the bullish momentum, the rapid surge raises concerns about potential short-term exhaustion in price action.
The RSI is entering the overbought zone above 70.0, a level that has historically triggered reversals for NEAR. If investors move to sell, the token could drop to the $3.06 support or even slip lower to $2.70.
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However, if NEAR manages to resist bearish market pressure, the price could push past $3.34. Securing this level as support would invalidate the bearish outlook and potentially drive the altcoin higher toward $3.60.
Optimism (OP)
OP is set to undergo a 116 million token unlock this weekend, worth nearly $95.95 million. The supply increase could pressure the price negatively as the influx may exceed existing demand. This could create short-term
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Author: Aaryamann Shrivastava
