While Bitcoin price remains in a narrow range, altcoins that have been showing extreme strength are losing control of the rally. Market participants appear to have shifted profits to other coins, and as a result, these coins are currently facing significant selling pressure. However, the cryptocurrency market is showing signs of a reversal this weekend, and if the reversal materializes, then these altcoins are expected to surge higher.

Sui

  • SUI price is giving bullish signals as bulls are using all resources to keep the rally above critical support levels

  • The level between $1.909 and $1.95 was previously a significant resistance level and has now turned into support, keeping the bullish possibilities alive

  • Although the bears are dragging the price lower, the Bollinger Bands support remains higher, indicating that the dominance of the bulls is increasing.

  • Previously, when a similar trend occurred, the price faced a sharp correction, but since the price has failed to break above the resistance zone, the current trend could result in a bullish rally.

  • Therefore, as the selling volume decreases, SUI price is expected to trigger a sharp rise which may attract new bullish volume

Bittensor（TAO） 

  • Similar to SUI, Bittensor price has experienced a parabolic recovery after bouncing off lows near $200

  • After a sharp rise, the coin consolidated for a while and broke out of the range, showing strong momentum

  • Additionally, the channel resistance that provides a base could spark a strong rally, helping TAO price to set new highs.

  • In addition, the RSI is trending upwards, and prices will rebound from the average regardless of mid-term corrections.

  • Fortunately, the selling volume is decreasing, so the price is expected to start a healthy upward trend after the bearish pressure subsides.

A Cat in a Dog's World (MEW)

  • The newly launched memecoin, Cats & Dogs World (MEW), made a big move and attracted a lot of attention from market participants

  • Bulls are still making progress as the rally has maintained a parabolic recovery after breaking out of the mid-term lows

  • However, the On Balance Volume or OBV is rising, indicating that the trend has a bullish influence and is therefore likely to remain healthy upwards.

  • With the growing bullish sentiment and buying volume, the price is expected to reach the neckline and form a new high at $0.011.

POPCAT

  • POPCAT price is trading inside an ascending parallel channel, suggesting that the uptrend will continue in the coming days

  • Regardless of the temporary pullback, the price rebounded from the lower support level and is expected to test the resistance level.

  • The price has broken the key resistance level of $1 and is therefore facing a bearish trend that is expected to continue for some time

  • However, after a brief consolidation, the coin is expected to spark a new rally and break through $2 to hit a new high