Alternative currencies are gearing up for decisive moves this week. Whale accumulation, token openings, and structural reversal patterns are competing across three monitored setups. Therefore, BeInCrypto analysts have identified three alternative currencies to watch this week.
Chain flows on the chain, identifying locations of exchange-traded funds, and the chart structure create specific decision points over the next 48-72 hours.
Official Trump (Trump)
The first altcoin this week to watch is Trump. The top 100 addresses in Trump increased their holdings by 2.47% over the past seven days. This adds about 23.5 million Trump to their total of 976.18 million. Whales in the lower tier added an additional 2.41%. Meanwhile, exchange balances fell by 9.05%, with about 14 million Trump exiting centralized positions in the same window.
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This accumulation aligns with the positioning before the Mar-a-Lago conference for cryptocurrencies and business on April 25. The top 297 holders from the snapshot on April 10 get seats at the event. The largest 29 whales gain VIP access to the president. The rise in stock before the tangible catalyst indicates an increase in volatility of altcoins over the weekend leading into the next week.
On the price chart, Trump has consolidated between $2.77 and $3.11 since late March. Support at $2.77 has held through several tests. It now forms a cup base with the potential for a double bottom inside it. Trading volume has quietly expanded in the green candles since March 23, which is a divergence typically observed before a recovery led by accumulation.
The bullish situation requires a daily close above $3.11. A clean breakout will target $3.51, representing an expected move of 12.60%. However, the bearish invalidation is a daily close below $2.77, which would break the double bottom base and reveal lower levels.
LayerZero (ZRO)
LayerZero (ZRO) is the next altcoin to watch, as the ZRO token is set to open at 25.71 million on April 20. This represents 5.34% of the released supplies. That batch is worth about $49.62 million at current prices. This event will take place on Monday, meaning any selling pressure around it may escalate over the weekend.
The opening is important because of what is happening in the schedule. ZRO increased by 73.14% between February 19 and March 18, rising from $1.38 to $2.39. Since that peak, the price has been trading within a descending channel. The structure technically forms a continuation pattern, meaning the previous rise could resume if the channel breaks upward. ZRO tested the upper boundary twice, once on April 8 and again on April 14. Both attempts failed.
A third attempt may now form. However, the timing is poor. Any rise towards the upper trend line of the channel this week faces the opening of the token at 25.71 million as an immediate upper barrier. This dynamic makes ZRO one of the most complicated altcoin setups to track over the weekend.
The bullish case needs ZRO to defend $1.97, which is the 0.236 Fibonacci level, until Monday. Moving above $2.12 will neutralize the bearish pressure of the channel and target $2.24 and $2.36. However, the bearish invalidation is a loss of $1.97, revealing $1.73.
Chainlink (LINK)
The third altcoin this week to watch is Chainlink. Whale holdings off exchanges increased from 650.55 million LINK on April 16 to 663.4 million currently. This equates to about 12.85 million LINK added in less than 24 hours, worth approximately $122 million at current prices.
Meanwhile, institutional flows have followed the same trend. Chainlink ETF funds recorded net inflows of $1.57 million on April 16, the largest day since March 19. This print extends a six-day positive streak, the longest since the product launched in December.
However, the conviction behind those recordings contradicts what the chart shows. On the daily timeframe, LINK forms a parallel pattern. The head price peaked at $10.07 on March 16. The right shoulder has now completed at around $9.68 on April 16, which is roughly where whales and exchange-traded funds accumulate. This setup creates a rare tension, as large funds buy what is structurally a bearish reversal pattern.
The bullish situation requires a daily close above $9.68 to weaken the pattern. Crossing $10.07, which is the market's head, will completely invalidate the structure. The negative case leads to a loss of $9.24, which is a Fibonacci 0.236 level, revealing $8.97 and $8.74. Breaking the neckline at $7.96 will confirm the pattern and expect a decline of about 17.5%.