3 Altcoins To Watch This Weekend | June 28 – 29

This weekend could be a bullish event for the crypto markets as broader conditions improve. With Bitcoin stabilizing around $107,000 and geopolitical tensions easing, altcoins are likely to benefit. 

BeInCrypto has analyzed three altcoins that are positioned to see potential gains this weekend.

Aptos (APT)

APT price has risen by 28% this week, holding steady above $5.00 at the time of writing. The altcoin is now facing resistance at $5.06, which has proven to be a significant barrier. Breaking this level would be crucial for APT to maintain its upward momentum and continue rising.

Flipping the $5.06 resistance into support is key for APT’s price to continue rising. If successful, the next target would be $5.41, marking a new monthly high for the altcoin. The Parabolic SAR acting as support further indicates that APT could continue its bullish trend, driving price growth.

APT Price Analysis. Source:  TradingView

However, if APT fails to breach $5.06, the altcoin could fall back to the support level of $4.79. A loss of this support would suggest further downside, potentially leading APT to drop to $4.49. This would invalidate the current bullish outlook, signaling the potential end of the uptrend.

Cheems (CHEEMS)

CHEEMS is up 7% in the last 24 hours, displaying strong bullish momentum. The MACD is showing a bullish crossover, suggesting that the uptrend will likely continue into the weekend. This indicates that CHEEMS may maintain its positive momentum as market sentiment improves over the coming days.

If CHEEMS can secure $0.00000144 as support, the price could rise to $0.00000151. However, a break above this level is unlikely over the weekend, as resistance may hold strong. The bullish momentum could continue, but is expected to face challenges in surpassing key resistance levels in the short term.

CHEEMS Price Analysis. Source:  TradingView

If the bullish momentum fades and investors decide to cash out, CHEEMS could experience a decline. A drop below $0.00000136 would signal further weakness, pushing the altcoin’s price toward the $0.00000125 support. Such a fall would invalidate the current bullish thesis and suggest a shift in market sentiment.

Sei (SEI)

SEI is up 14% today, helping it recover from the losses experienced yesterday. The altcoin is currently trading at $0.29 and is aiming to breach the $0.30 resistance level. A successful push above this level could set the stage for further price increases in the near term.

The Chaikin Money Flow (CMF) indicator shows strong inflows into SEI, driven by the recent bullish momentum. This suggests that demand for the altcoin is increasing, supporting its push past $0.30. With strong buying interest, SEI could continue its rally, potentially reaching $0.35 if the momentum holds.

SEI Price Analysis. Source:  TradingView

However, if investors decide to sell their holdings for profits, SEI may struggle to breach $0.30 as it did recently. A failure to hold above this level could lead to a drop to $0.24. This would invalidate the short-term bullish outlook, signaling a potential reversal in the altcoin’s price action.