Altcoins are setting up for decisive moves over the weekend. Some altcoins staged significant rallies this week and are now consolidating above key support levels. At the same time, others are nearing critical lows.
Thus, BeInCrypto has analysed three altcoins that the investors should watch over the weekend.
Memecore (M)
Memecore entered the week near $1.60 and surged to $2.53 on March 25 before pulling back sharply to $1.74 on March 26. The token has since recovered to $2.09, sitting just above the 0.618 Fibonacci level at $2.02, the green horizontal line on the chart. That level has been tested twice since the breakout and held both times.
The correlation that Memecore shares with Bitcoin is at 0.00, declining from a peak near 0.50 earlier in the week. The trajectory points toward negative territory. A negative correlation means Bitcoin rallies would no longer lift Memecore — and could actively work against it. But if the Bitcoin price ends up falling, it will actually benefit the M price.
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The bullish case holds as long as M closes daily sessions above the 0.618 level at $2.02. A move through $2.29 would target the 1.236 at $2.45 and then the 1.5 extension at $2.63. The bearish invalidation is a daily close below $2.00 and then the 0.5 level at $1.94, which would open the path back toward the 0.236 level at $1.76.
Banana For Scale (BANANAS31)
Bananas31 entered the week near $0.0093, traded sideways through March 19 before breaking out on March 21 and surging 50.57% to $0.0138 on March 23. Price has since consolidated between $0.0130 and $0.0161, holding above the 0.618 Fibonacci level at $0.0134 — the green line on the chart. Volume at 147.8 million confirms the breakout was not a thin-market move.
The MFI sits at 71.22, approaching the 80-level overbought threshold but not yet there. Throughout the consolidation since March 23, MFI has declined only modestly from its peak near 80, suggesting buying pressure has not been fully exhausted. The Fibonacci structure above the current price shows the 1.0 extension at $0.0161, the 1.236 at $0.0178, and the 1.5 at $0.0196 as the sequential upside targets.
The bullish thesis holds above the 0.618 level at $0.0134. A bounce off this support would confirm the consolidation resolved upward and target $0.0161 next. The bearish invalidation is a close below $0.0125, which is the 0.5 Fibonacci level, followed by the red zero line at $0.0090 as the last structural floor.
Worldcoin (WLD)
Another one of the altcoins to watch this weekend is Worldcoin, which entered March near $0.406 and has declined without meaningful recovery through every session since March 5. The annotated measured move on the chart shows a 30.32% decline from the $0.395 level to the current price of $0.2787. A secondary annotated move of 5.04% points toward $0.2640, the all-time low.
The CMF has been negative since early March and currently reads -0.25, the deepest reading on the chart. A CMF at -0.25 means capital is exiting at an accelerating rate, not stabilizing. The Fibonacci extensions below the current price show the 1.5 level at $0.2972 already breached, with the 2.0 extension at $0.2483 as the next mathematical target below the all-time low. Nothing on this chart suggests buyers are stepping in at current levels.
The bearish target is the all-time low at $0.2640. A daily close below it would open technical territory with no historical support reference. Bullish invalidation requires a daily close back above the 1.5 Fibonacci level at $0.2972. Above that, the 1.236 level at $0.3230 and the 1.0 level at $0.3461 become the recovery sequence. Neither is achievable without CMF turning positive first.
The post 3 Altcoins To Watch This Weekend | March 28 – 29 appeared first on BeInCrypto.
Source: https://beincrypto.com/3-altcoins-to-watch-this-weekend-march-28-29/
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