After a week showing slight weakness, the upcoming weekend is expected to be a turning point for the cryptocurrency market. This is contingent upon the conflict between Trump and Musk stopping, which seems unlikely considering their obsession with their final statements.
BeInCrypto has identified three altcoins to watch this weekend and analyzed their potential direction over the next two days.
1INCH Network (1INCH)
The 1INCH price is expected to rise over the next two days due to a major protocol upgrade. The 1IP-78 update will introduce key improvements to promote 1INCH protocol adoption and usage. This upgrade could serve as a catalyst for positive price movement in the short term.
Despite falling 6% in the last 24 hours and trading at $0.1982, 1INCH is showing signs of recovery. The Ichimoku chart indicates continued upward momentum, which could push the price above the critical support level of $0.2092. This support level will play a crucial role in determining the price direction.
If bearish market conditions persist, 1INCH may experience additional losses. Falling below $0.2092 could cause the altcoin to drop to $0.1886 or even $0.1793. Such a decline could invalidate the bullish outlook and lead to a long-term downward trend for 1INCH.
Hyperliquid (HYPE)
HYPE was one of the best-performing tokens this week, rising 8%. This strong momentum is expected to continue through the weekend, potentially pushing the price above $36.47. If this trend is maintained, HYPE may experience further gains and should be watched closely.
The Chaikin Money Flow (CMF) indicator remains above the zero line despite some outflow. This suggests there is still buying pressure in the market, which could bring HYPE closer to its all-time high (ATH) of $42.25. The coin currently has 23.8% to go to reach this level.
If outflows intensify and market sentiment weakens, HYPE could experience a decline. Falling below the $31.26 support level would indicate further weakness and could drop to $27.31. Such a scenario could invalidate the current bullish outlook and shift market sentiment to bearish.
Quant (QNT)
QNT performed well this week, showing strong bullish signals similar to HYPE. The Exponential Moving Averages (EMAs) that recently formed a golden cross continue to expand. This pattern indicates sustained upward momentum and suggests QNT could experience additional price increases in the short term.
The upward momentum could help QNT rebound from the $110 support level, with potential to rise to $121. If the price breaks this resistance level, it could move to $126. These positive price movements indicate a high likelihood of QNT maintaining its current upward trend.
However, if the price fails to break above $121, QNT may enter a correction below this level. If the $110 support level breaks, the altcoin could drop sharply to $101, which could invalidate the current bullish outlook and signal a shift to bearish market conditions.
