The cryptocurrency market has shown a rebound over the past 24 hours. Traders are looking for altcoins to watch in preparation for the sharp movements that often occur over the weekend. Some projects are seeing increased demand following new updates. Other projects are gaining momentum on the charts. Yet another set of projects is gradually approaching key levels that could determine the next trend.
This time, the list curated by BeInCrypto introduces three noteworthy positions ahead of the weekend for various reasons.
KITA (KTA)
KTA has risen about 36% over the past 24 hours. This surge follows the launch of KITA's new fiat anchor. This feature allows users to quickly move funds between bank accounts and stablecoins. The upgrade has increased real-world utility. It is essential to keep a close eye on KITA over the weekend.
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The KITA has surpassed $0.32 on the 12-hour chart. The next major resistance is at $0.36. The previous rise was halted in this range. If this range is clearly broken, an attempt to rise to $0.43 is possible.
This breakout attempt is accompanied by rare support from the Wyckoff volume color measurement indicator, which simply shows buying and selling intensity.
The green bar indicates a state completely led by buyers. The red bar signals strong selling pressure. The blue bar shows that buying pressure is increasing. The yellow bar indicates a situation where selling pressure is regaining strength. KITA recorded two consecutive strong green bars for the first time since the end of November. This change signals that the actual demand supports this breakout, rather than a short-term surge.
If buying pressure continues and KITA closes above $0.36, the path to $0.43 will open. If the bar changes back to blue or yellow, profit-taking may begin. In this case, $0.27 becomes a key support level. If this range collapses, it may drop to $0.21, and the short-term trend will revert to bearish.
KITA is also being recognized as one of the top altcoins this weekend. This is because the fundamental upgrade and increasing buying pressure align with the breakout range of $0.36.
Solana (SOL)
Solana has risen about 6% over the past 24 hours. Continuous news related to the breakpoint event has driven the rise. Notably, JP Morgan's issuance of tokenized commercial paper using Solana has garnered significant attention. Such institutional use cases are attracting high interest in the market, even when the overall chart faces obstacles. Consequently, SOL has become a major altcoin to watch over the next two days.
From December 7 to December 11, Solana has made higher highs and established a bottom. RSI has made lower lows. RSI tracks the speed of buying and selling. If the price rises while RSI falls, this creates a hidden bullish divergence. This signal indicates that selling pressure is weakening before momentum appears on the chart.
With the rebound, Solana is making another attempt at $146. This range is the resistance level that has blocked all rises since November 14. If a daily closing occurs above this price level this weekend, a bullish reversal and path to $171 will be confirmed. Solana needs about a 5% additional rise to break this range. This level often appears when buying pressure is flowing in.
If $146 becomes resistance again, the retracement range hovers around $127. This range has been acting as a strong support level since December 2. If this range is also broken down, the upward momentum may weaken. While the hidden bullish divergence is maintained, Solana retains the opportunity to challenge higher price levels.
At this stage, Solana is being highlighted as a weekend focus stock as both the chart and breakpoint news flow indicate the possibility of trying to break through $146.
Chainlink (LINK)
Chainlink has risen about 4% over the past 24 hours. Coinbase's designation of LINK's CCIP as the default bridge is significant. This feature could increase its real-world utility. If more wrapped assets move through the network via CCIP in the future, demand for LINK may grow over time.
An EMA crossover is forming on the 12-hour chart. EMA is a moving average that places more weight on recent prices. This time, a bullish crossover is occurring as the 20-period EMA crosses above the 50-period EMA. Traders use this crossover as a simple momentum signal. It shows that short-term buying pressure is dominating the market.
LINK is already trading above the two EMA moving averages. This indicates a buying pressure advantage as the weekend approaches. Once the 20/50 EMA crossover is complete, LINK may attempt a short-term rise. The first range to break through is $14.23. If it rises just over 1.2%, a 12-hour closing breakout is possible. If this range is clearly broken, attempts may continue up to $14.99 and then $16.78.
If this crossover fails, the risk of decline will reappear. The key support level is $13.37. If it drops below this price, it will expose $12.44 and then $11.75. The current chart and Coinbase CCIP news align. This combination is why LINK is a spotlight token this weekend.
