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The top 3 altcoins to watch now: bullish signals despite market volatility
$OP $CFX
Although the cryptocurrency market started the week with a bearish tone and seems set to end it in the same direction, some altcoins have shown resistance and relative stability compared to the rest of the market. BeinCrypto highlighted three altcoins worth monitoring over the weekend:
1. Optimism Coin (OP)
Despite a decrease of only 3.5% this week, OP was among the least affected currencies. This relatively good performance makes it one of the prominent currencies recommended for monitoring, especially with the upcoming update "Superchain 16 Upgrade" which includes significant improvements in smart contracts to enhance interoperability between networks.
As OP continues to be linked to Bitcoin's movement, any improvement in the BTC price could push OP to break the $0.70 level and possibly reach $0.765. Conversely, if the market cannot maintain positive momentum, breaking the support level at $0.63 could lead to a decline towards $0.59, weakening the positive outlook for the currency.
2. Conflux Coin (CFX)
CFX recorded a 22% increase this week, making it one of the best performers despite market fluctuations. The continued upward performance of the currency is supported by the Parabolic SAR indicator, which is currently showing below the candles, indicating a sustained bullish trend.
If the price manages to surpass the resistance levels at $0.219 and $0.240, we may witness further gains in the near term. However, if investor sentiment turns negative, a drop below $0.1945 could lead to a decline towards $0.170, reflecting the upward trajectory.
3. XDC Network currency (XDC)
XDC has risen by 15.5% this week, and it is now trading near an important psychological barrier at $0.100. This level represents strong resistance, but the recent positive performance suggests the possibility of a breakout.
The Relative Strength Index (RSI) has surpassed the 50 mark, giving additional upward momentum. If the currency manages to turn resistance into support, we may see a new rise towards $0.108. However, if it fails to break above $0.100, a drop below $0.088 could lead to a reversal of the recent positive trend.
#op🔥🔥 # CFX #XDCNetwork # InvestSmart #CryptoNewss # CandyDrop Airdrop Event 6.0#