These Altcoins Are Trying to Recover Their Prices: Will the Rising Come on the Weekend?

While crypto markets are trying to recover from the recent bearish trend, major tokens are trying to prevent further losses. The launch of the Spot Ethereum ETF was considered a 'news sell' and there was a significant pullback in the ETH price.

Although this development has created uncertainty on other altcoins, some are still maintaining a healthy uptrend. Popular altcoins such as Toncoin (TON) and Notcoin (NOT) are struggling hard to overcome bearish pressure as we approach the end of monthly trading.

Toncoin is struggling to recover from intermediate lows before falling to monthly lows. This situation presents a positive scenario for the altcoin. TON has been closely watched by bulls for the last few months, and a strong rally is expected to attract new buying volume. Therefore, the TON price is predicted to increase next week if it secures certain levels over the weekend.

TON price was trading in a rising wedge and hence a breakout from the lower support became inevitable. The price reached local lows after a 15% retracement and a rebound occurred in the early trading hours. The RSI is supporting the uptrend but the supertrend is still giving a bearish signal. Therefore, Toncoin (TON) price is expected to remain in an upward consolidation and rise above the $7.2 level over the weekend. If the bulls manage to stay at this level, it is possible for the price to reach double digits next week.

Notcoin, on the other hand, has been performing strongly since its inception, and despite experiencing a significant decline, the bulls maintain a tight control over the token. Although volume remains low, weekend trading could change the token's status. The NOTE price appears to be poised for a recovery, with the price expected to rise 12% over the next few days.

The NOTE price has been in a downward trend since reaching the highest levels, but it has reached the decision stage. It could trigger a major price move as the price approaches the top of the decision triangle. Volume remains low, but as the MACD suggests, sales volume has decreased. Additionally, the DMI, which gives bearish signals, is close to a bullish intersection. Therefore, Notcoin price is expected to trade in a range, starting a fresh increase and surpassing the resistance zone between $0.016 and $0.017.

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