The turn of the year brought a wave of optimism among investors, evident in the price of Bitcoin reaching $99,000 today (6). This resulted in several altcoins also marking new highs, with memecoins being part of the group.
BeInCrypto has analyzed the three altcoins that are growing independently and showing a price increase for investors to keep a close eye on.
Act I: The AI Prophecy (ACT)
ACT is trading at $0.35 after bouncing off its $0.25 support level in late December 2024. The altcoin is now approaching the $0.41 resistance, with market momentum suggesting a possible breakout soon.
The upcoming “New Paradigm” upgrade to the ACT chain is expected to introduce a new framework, improved integration, and new team members. This development has generated optimism among investors, positioning the altcoin for significant growth if the upgrade delivers as expected.
ACT Price Analysis. Source: TradingView
If the market reception aligns with expectations, ACT could break above $0.41 and move higher towards $0.60. However, failure to break the resistance could lead to a consolidation between $0.30 and $0.41, delaying progress.
ONE BUT LEO (LEO)
LEO is among the few tokens that have not reached a new high in the past three weeks, despite the market recovering. Its current all-time high (ATH) is $9.80, reflecting the token’s potential for a significant breakout soon.
The altcoin has shown resilience by holding support above $8.94 for several days. This stability has kept LEO on the upside, putting it just 7.3% away from forming a new ATH. Investors are closely monitoring these levels as a breakout looks increasingly likely.
LEO Price Analysis. Source: TradingView
However, selling by investors remains a concern. Any unexpected selling could push LEO below its $8.94 support, potentially dragging the token down to $8.45 and invalidating the bullish outlook.
Movement (MOVE)
Another important altcoin to watch, MOVE, has remained below the $1.15 barrier for over a month and a half, struggling to close above this critical level. Therefore, breaking $1.15 is essential for the token to surpass its all-time high of $1.41, making this resistance a key focus for investors.
The upcoming token unlock, valued at $54 million, adds interest to MOVE’s price action. While smaller than last month’s $2.43 billion launch, the reduced unlock size could mitigate bearish pressure, keeping investor optimism alive for a potential breakout.
MOVE Price Analysis. Source: TradingView
However, failure to break $1.15 could prolong the ongoing consolidation between $0.75 and $0.91. Thus, this could invalidate the bullish outlook, delaying MOVE’s chances of reaching new highs.
The article 3 Altcoins to Watch This Week appeared first on BeInCrypto Brasil.
