Venice (VVV), Toncoin (TON), and Web Laptop (ICP) rank among the many altcoins to observe this week. All three sit at key technical ranges after main final week’s altcoin rally.
Every token broke out of a multi-month accumulation part into an lively growth leg. The worth motion this week may determine whether or not the rally extends or stalls at first resistance.
Venice (VVV) Hits First Fib Goal as Worth Discovery Looms
Venice (VVV) trades close to $16.80 after climbing 78% over the previous seven days. The each day chart exhibits value tagging the 1.272 exterior Fibonacci retracement at $17.30, the primary main upside goal.
The subsequent resistance sits on the 1.618 exterior Fib at $21.52. Quantity has expanded sharply on the breakout (inexperienced arrow), and RSI stays in overbought-bullish territory with out bearish divergence. Volatility readings on the BBWP indicator hit excessive crimson ranges.
The primary robust help is available in on the 0.618 reversed Fib at $9.30. A drop beneath that zone would invalidate the bullish thesis and open the door to a deeper retracement.
X consumer @TimeFreedomROB shared an identical bullish view. The dealer expects quantity to maintain increasing as VVV pushes via $22.50, the place the token would enter value discovery.
“Anticipate the Quantity pattern to proceed. The most important Quantity Bars will print as VVV breaks 22.5 and enters value discovery. Calm Earlier than the STORM”
Toncoin (TON) Eyes $2.12 Help After Sharp Pullback
Toncoin (TON) trades close to $2.28 after a 6% pullback over the previous 24 hours. The token nonetheless holds roughly 80% of its weekly achieve, supported by latest information from the Telegram ecosystem.
The each day chart exhibits value retreating from the 0.618 Fib at $2.74 after a pointy growth leg. The pullback now targets the 0.382 Fib at $2.12, a stage that beforehand capped the buildup vary.
A bounce from that zone may arrange a transfer towards the 0.786 Fib at $3.18. RSI has eased again to round 70 however stays in bullish territory. Every day quantity expanded on the breakout and is now cooling, which regularly precedes a continuation transfer as soon as help holds.
X consumer @mejsidzej flagged the identical pullback zone on the hourly chart. The dealer sees $2.08 to $2.33 as the primary purchase space. A deeper zone at $1.60 to $1.76 would come into play if promoting intensifies.
“Now sitting within the first pullback zone $2.08–$2.33… Anticipating a bounce from right here towards a minimum of $2.9. Present pullback zone $1.60–$1.76 remains to be the draw back goal if it goes deeper.”
Web Laptop (ICP) Flips Resistance Into Help, Eyes $4.23
Web Laptop (ICP) trades close to $3.39 after rallying greater than 40% over the previous week. The each day chart exhibits value breaking out of a multi-month accumulation zone that ran from early February via early Might.
The 0.382 Fib at $3.10 has flipped from resistance to help and is now being examined. The token was rejected on the 0.618 Fib at $3.75 earlier within the week.
A clear break above $3.75 would expose the subsequent resistance close to $4.23. RSI stays in overbought-bullish territory with no divergence seen, and each day quantity stays elevated relative to the buildup vary.
X consumer @KatochXcrypto shared a higher-timeframe view. His weekly chart highlights a protracted, descending channel and a projected goal close to $13, suggesting room for a major medium-term transfer.
Altcoins to Watch This Week Hinge on Key Helps
All three altcoins enter the brand new week with the identical technical signature. Every has damaged out of a multi-month accumulation part into an lively growth leg, and final week’s features positioned VVV, TON, and ICP among the many top-performing altcoins.
The bullish thesis stays intact so long as VVV holds above $9.30. TON must defend $2.12 whereas ICP wants to carry $3.10. A lack of any of these helps would doubtless set off deeper pullbacks towards the earlier accumulation ranges.
The publish 3 Bullish Altcoins to Watch This Week appeared first on BeInCrypto.