These are 3 altcoins rising to the sky this weekend.

The crypto market has experienced a special week, with the total asset value in the industry rising to the sky by nearly 300 billion USD. This event was driven by Bitcoin, as this coin reached a new all-time high, surpassing the 118,000 USD mark. With this move, the crypto market is expected to continue having a promising weekend.

Below are 3 altcoins that have the potential to rise to the sky in the coming days.

HYPE

In the past 24 hours, HYPE has witnessed an impressive rise, rising to the sky by 11% and is currently trading at 45.98 USD after recording an all-time high of (ATH) at 46.05 USD about three hours ago, indicating a significant increase in interest from investors and the potential for further price increases in the near future.

However, although the possibility of a new peak seems feasible, HYPE still faces a major challenge: the 50 USD mark. This could be an important psychological resistance level where market demand will increase, potentially leading to a strong breakout. However, this depends on the ability to maintain the support level of 45.8 USD to continue the upward momentum.

HYPE Price Chart | Source: TradingViewAccording to price analysis, if HYPE surpasses the level of 45.8 USD and faces strong selling pressure, the price may drop to the nearest support level at 42.3 USD. Losing this support level could weaken HYPE's bullish outlook, while opening up the possibility for a deeper correction, stifling the current uptrend and causing the market to stagnate.

WLD

The price of WLD has risen to the sky by 18.4% in the past 24 hours, making it one of the best-performing altcoins. Currently, this token is trading at 1.1 USD, attracting significant attention from investors due to a positive market sentiment and a substantial increase in capital inflow. This strong growth indicates a growing confidence in WLD and its potential for continued growth.

The next important resistance level for WLD is 1.19 USD. It is forecasted that this altcoin could surpass this level with strong support from the influx of capital, as indicated by the slight rise in the Chaikin Money Flow (CMF) index. If it successfully breaks the 1.19 USD level, WLD could continue to rise and reach 1.33 USD, marking a significant jump and reinforcing the upward momentum.

WLD Price Chart | Source: TradingViewHowever, if WLD cannot maintain the support level of 1.19 USD, the price may be adjusted and drop to the support area of 1.06 USD. If it continues to face selling pressure, the price may drop sharply below this level, with the possibility of sliding down to 0.95 USD, which would weaken the current bullish outlook and could mark a reversal of the trend.

PEPE

The price of PEPE has surged by 15% in the past 24 hours, becoming one of the leading altcoins today. Currently, PEPE is trading at 0.0000127 USD, just a very small distance away from the resistance level of 0.000013 USD. The strong upward trend of PEPE indicates an increase in interest from investors, and if it can break through this resistance level, PEPE may continue to grow in the near future.

However, in mid-June, PEPE formed a "Death Cross" and shifted from an upward trend to a downward trend. Since then, the price of PEPE has struggled to reverse. Nevertheless, if the market recovers, PEPE could surpass the resistance level of 0.0000138 USD, opening up opportunities for a stronger recovery.

PEPE price chart | Source: TradingViewIn the event that PEPE faces selling pressure from short-term investors, the price may adjust and drop to the support levels of 0.0000121 USD or 0.00001 USD. If these support levels are broken, the bullish outlook for PEPE will be invalidated and it may shift to a downtrend in the near future.

Emma