3 Altcoins to Watch This Weekend | June 28 – 29

This weekend could be a positive event for the cryptocurrency market as general conditions improve. With Bitcoin stabilizing around $107,000 and geopolitical tensions easing, altcoins are likely to benefit.

BeInCrypto has analyzed three altcoins that may increase in price this weekend.

Aptos (APT)

APT price has increased 28% this week, holding steady above $5.00 at the time of writing. This altcoin is currently facing a resistance level at $5.06, which is an important barrier. Breaking through this level is crucial for APT to maintain its upward momentum and continue rising.

Converting the $5.06 resistance threshold into support is key for APT price to continue increasing. If successful, the next target will be $5.41, marking a new monthly high for this altcoin. The Parabolic SAR support also indicates that APT may continue its upward trend, driving price growth.

However, if APT cannot break through $5.06, this altcoin may return to the support level of $4.79. Losing this support could lead to further decline, potentially causing APT to drop to $4.49. This would invalidate the current price increase prospects, signaling a possible end to the upward trend.

Cheems (CHEEMS)

CHEEMS has increased 7% in the past 24 hours, showing strong upward momentum. The MACD is showing a bullish crossover, suggesting that the upward trend is likely to continue over the weekend. This indicates that CHEEMS may maintain positive momentum as market sentiment improves in the coming days.

If CHEEMS can maintain $0.00000144 as support, the price could rise to $0.00000151. However, breaking through this level over the weekend seems unlikely, as the resistance threshold may remain strong. The upward momentum may continue, but is expected to face difficulties in overcoming important resistance levels in the short term.

If the upward momentum weakens and investors decide to take profits, CHEEMS may experience a decline. Dropping below $0.00000136 would signal further weakness, pushing this altcoin's price to the support level of $0.00000125. This decline would invalidate the current price increase argument and suggest a change in market sentiment.

Sei (SEI)

SEI has increased 14% today, helping it recover from yesterday's losses. This altcoin is currently trading at $0.29 and is aiming to break through the $0.30 resistance threshold. A successful push above this level could pave the way for further short-term price increases.

The Chaikin Money Flow (CMF) indicator shows strong inflow into SEI, driven by recent upward momentum. This suggests increasing demand for this altcoin, supporting the potential to break through $0.30. With strong buying interest, SEI may continue its upward trend, potentially reaching $0.35 if momentum is maintained.

However, if investors decide to sell to take profits, SEI may struggle to break through $0.30 as has happened recently. Failing to hold above this level could lead to a drop to $0.24. This would invalidate the short-term price increase prospects, signaling a potential reversal in this altcoin's price action.