After a mild decline, this weekend is expected to be a turning point for the cryptocurrency market. This will happen if the dispute between Trump and Musk stops, which is unlikely as both want to have the last word.
BeInCrypto has identified three altcoins to watch this weekend and their directions in the next two days.
1inch Network (1INCH)
1INCH's price is expected to increase in the next two days as the protocol undergoes an important upgrade. The 1IP-78 update will introduce significant improvements aimed at promoting the adoption and use of the 1inch Protocol. This upgrade could be a catalyst for positive short-term price increases.
Despite a 6% drop in the past 24 hours, trading at 0.1982 USD, 1INCH shows signs of recovery. The Ichimoku Cloud indicates continuous price momentum, which could help push the price above the critical support level of 0.2092 USD. This support level will be crucial in determining the price direction.
1INCH price analysis. Source: TradingViewIf the bearish market conditions continue, 1INCH may suffer additional losses. Dropping below 0.2092 USD could bring this altcoin to 0.1886 USD or even lower to 0.1793 USD. A decline to these levels would invalidate the price increase prospects and could lead to a prolonged downward trend for 1INCH.
Hyperliquid (HYPE)
HYPE is one of the best-performing tokens this week, with an 8% increase. This strong momentum is expected to continue over the weekend, potentially pushing the price above 36.47 USD. If this trend holds, HYPE could continue to rise, making it a token to watch closely.
The Chaikin Money Flow (CMF) indicator shows that despite some outflow, it remains above the zero line. This indicates ongoing buying pressure in the market, which could push HYPE closer to its All-Time-High (ATH) of 42.25 USD. Currently, the coin is 23.8% away from this level.
HYPE price analysis. Source: TradingViewIf outflow increases and market sentiment weakens, HYPE could experience a decline. Dropping below the support level of 31.26 USD would signal further weakness, potentially leading to a drop to 27.31 USD. This scenario would invalidate the current price increase prospects and shift market sentiment to bearish.
Quant (QNT)
QNT has performed well this week, showing strong price increase signals similar to HYPE. The Exponential Moving Averages (EMAs) recently formed a Golden Cross, continuing to expand. This pattern indicates sustainable price momentum, suggesting QNT could see further price increases in the short term.
The price increase momentum could help QNT bounce from the 110 USD support level, with the potential to rise to 121 USD. If the price breaks through this resistance, it will open opportunities for a move towards 126 USD. This positive price action suggests QNT has the potential to maintain its price increase trend in the current period.
QNT price analysis. Source: TradingViewHowever, if the price fails to break above 121 USD, QNT may continue to accumulate below this level. If it loses the 110 USD support, this altcoin could experience a sharp decline to 101 USD, invalidating the current price increase prospects and signaling a shift to bearish market conditions.
