3 altcoins appear at the end of the week. Zcash (ZEC), Hyperliquid (HYPE), and Flare (FLR) are all showing technical stability on their daily charts.
Each chart presents a different pattern, from Fibonacci retracements to breakouts. Traders and analysts at X have identified these three as the most compelling altcoins for the next 48 hours.
Zcash (ZEC) Protects 0.618 Fib Support Near $534
Zcash (ZEC) trades at $531.26, up 1.83% in the last 24 hours. The daily chart on Binance shows a clear Fibonacci pattern forming a rally from $185.
Resistance is at the 0.786 retracement near $629, with support at the 0.382 level at $400. The price is now retracing the 0.618 Fib at $534, the same position it reached on December 29.
A successful confirmation of the share as a support would make another leg up to $629. However, the Relative Strength Index (RSI) is falling on a daily basis.
Conversely, the Moving Average Convergence Divergence (MACD) has crossed the threshold, indicating that momentum is slowing. Therefore, the next few stages can decide whether the expansion will be more or less moderate.
X expert @0xfreqs identified the key $380 level as the starting point for the rally. Meanwhile, the trader has set $610 as a ceiling above the current price.
“$ZEC had one of the best returns recently. The price broke out of the $380 zone and is now consolidating below the $610 resistance. As long as the low house is still holding, the momentum still looks strong. A clean break above $610 could open the door to another leg of a quick extension.”
Hyperliquid (HYPE) Breaks 0.618 Fib at $44.50 and Eyes at $48
Hyperliquid (HYPE) trades at $45.23, up 12.17% in the last 24 hours. The daily chart on KuCoin shows a signal emerging from the 0.618 Fibonacci retracement at $44.50.
The price has fallen from the rising price from the January low, proving as strong support. Meanwhile, the Bollinger Band Width (BBW) indicator is showing increasing volatility, while the RSI is moving higher near 60.
However, the volume remains consistent, which means that the move still needs to be confirmed. An increase in volume on the next session will confirm the continuation of the bullish pattern.
X is a businessman @hami8040 they consider the next resistance level as decisive for the next leg.
“$HYPE testing key resistance . Try to go above $48 and this could destroy $60+ quickly Bullish structure + strong growth”
The analyst’s chart shows horizontal support levels at $30, $20, and $10. The bullish outlook points to an all-time high near $59 and beyond if $48 is possible.
Flare (FLR) Confirms Falling Wedge Down to $0.012
Burning (FLR) trades at $0.00958, up 9.93% in the last 24 hours and 22.11% over the past week. The daily chart on MEXC shows a clear breakout above the $0.0086 resistance level.
The price is now heading towards the 0.5 Fibonacci retracement at $0.010. A close above that level would open the way to the 0.786 Fib at $0.012.
The RSI remains at 80 with no bearish divergence on the daily chart. In addition, volatility is increasing, supporting the case to continue higher in the coming sessions.
X expert @Karman_1s they planned to move within months of the fall.
“Flare $FLR is finally breaking the chains! After months of consolidating within a major falling trend, we have been seeing pure breakouts on a daily basis. We just retook the $0.0096 level with strong momentum, and volume is starting to confirm this move.”
The expert chart shows the corresponding downward trend lines that contained the FLR price. This process took place from February to early May. Recent candles have broken above the upper limit.
Three Altcoins to Watch This Weekend: ZEC, HYPE, and FLR
Across the three altcoins, each chart presents a different recent result for the weekend. ZEC needs to defend the $534 Fib level to keep the path to $629 open.
HYPE needs an increase in volume to confirm a breakout of $44.50, with $48 as the next resistance. Meanwhile, FLR has already cleared its falling trend line and is now looking at $0.010 as the latest target.
Therefore, traders should monitor the range, the RSI trend, and the volume of the currency at the end of the week for confirmation signals to pass. altcoin big ones.
A note 3 Altcoins Flash Bullish Signals Coming Out of the Weekend appeared for the first time BeInCrypto.
