November was dominated by all-time highs, led by the king of crypto, Bitcoin. While several coins hit new highs, others, while not reaching all-time highs, have significant developments on the horizon. These events could potentially trigger rallies and gains for their native tokens in the coming days.
BeInCrypto has identified three altcoins to watch this week, each poised for imminent milestones that could boost their performance.
Apartments (APT)
Aptos is currently trading above $10.92, in line with the 61.8% Fibonacci Retracement line, often referred to as the bull market support floor. This level plays a vital role in maintaining the cryptocurrency’s bullish sentiment.
This week is a big one for Aptos as Bitwise prepares to launch the world’s first Aptos Staking ETP. This exchange-traded product aims to stake the tokens held by the fund, potentially driving interest and demand that could lead to a price increase.
APT Price Analysis. Source: TradingView
If momentum builds, Aptos could break above the resistance at $14.05, signaling continued growth. However, if market sentiment changes, a drop below $10.92 could invalidate the bullish outlook, pushing the price to $9.15 and raising concerns among investors.
Flocks (FLOKS)
FLOKI has surged 128% in the past two weeks, with its price currently trading at $0.0002670. The memecoin’s uptrend could extend further if it manages to break above the resistance at $0.0002776, setting the stage for continued gains.
The anticipated collaboration between Floki and Animoca Brands’ Forj, which will launch the memecoin $MONKY on November 21, adds to the bullish sentiment. This initiative, supported by partnerships with ApeCoin and Bored Ape Yacht Club, has created excitement among investors and could fuel a further rally in price.
FLOKI Price Analysis. Source: TradingView
If the launch impacts investor momentum, FLOKI could reach $0.0003138. However, losing the key support level at $0.0002568 could lead to a correction, pulling the price down to $0.0002108 and invalidating the current bullish outlook.
Zcash (ZEC)
Zcash (ZEC) is up 25.5% over the past four days, currently trading at $46.16. The cryptocurrency is aiming to break above and convert $46.24 into a support floor, which could allow a rally towards $50.00. Maintaining this momentum is crucial for ZEC’s continued upward trajectory.
The upcoming Network Upgrade 6 (NU6), scheduled for November 23, is expected to bring significant improvements to the Zcash network. This deployment could further fuel the bullish sentiment and drive a potential price increase as the market reacts to these developments.
ZEC Price Analysis. Source: TradingView
If ZEC capitalizes on this momentum, breaking above $50.00 becomes a strong possibility. However, a drop below the key support level of $40.76 could invalidate the bullish outlook, potentially resulting in a sharper correction and losses for investors.
The article Floki and two more altcoins to watch in the third week of November 2024 appeared first on BeInCrypto Brasil.
