Altcoins to Watch This Weekend: SPX, ZEC, and BNB
As Bitcoin approaches its all-time high, the altcoin market is showing signs of increased activity. This weekend could be pivotal for several crypto tokens as they aim to capitalize on the renewed bullish sentiment. We've analyzed three altcoins that investors should keep an eye on.
SPX6900 (SPX)
SPX has surged by 32.7% in the last 48 hours, becoming a top-performing meme coin. Currently trading at $1.28, just below the $1.29 resistance level, investors are watching for a sustained breakout. Technical indicators, such as the Parabolic SAR, suggest building bullish momentum.
If the rally continues, SPX could surpass $1.39 and test $1.47, potentially marking a three-week high and reversing recent losses. This would boost investor confidence in the token’s recovery.
However, downside risks remain. If weekend selling pressure increases, SPX might face a pullback. A decline below the $1.16 support level would weaken the bullish outlook and could trigger further caution among traders.
Zcash (ZEC)
Zcash (ZEC) is another altcoin to watch, having emerged as one of the best performers recently. It's currently trading at $147, after surging 164.8% over the past week, marking one of its strongest rallies in years. ZEC is now eyeing the $150 resistance level as its next target.
If ZEC breaches $150, it could extend its rally towards $170. The surge has already pushed the cryptocurrency to a three-and-a-half-year high, reinforcing bullish sentiment around its role as a leading privacy-focused digital asset.
Risks of a correction remain. If investors begin taking profits after the recent rally, ZEC could face sharp downside pressure. A drop through $120 would expose the token to further losses, potentially slipping below $100, invalidating the bullish thesis.
BNB
BNB is among the best-performing top altcoins this week, surging 17% in just seven days. Trading at $1,107, the cryptocurrency reflects strong market demand. This performance reinforces its position as one of the leading assets.
The rally also saw BNB form a new all-time high (ATH) at $1,114. Technical indicators, such as the Parabolic SAR, point to an active uptrend. If momentum holds, BNB could breach $1,139 and move even higher, potentially setting another ATH and attracting additional investor interest.
Still, downside risks remain. If profit-taking or bearish market cues emerge, BNB may fall to its $1,046 support level. A breakdown below this floor would open the door to a decline toward $1,000. Any further drop under this level would invalidate the bullish thesis completely.
