November saw a historic peak, led by Crypto King Bitcoin. While many coins have reached new highs, others, while not yet at their peak, have notable developments ahead. These events could trigger sharp price increases and significant gains for the native Tokens in the coming days.
TinTucBitcoin has identified three Altcoins to watch out for this week, each aiming for new milestones that could boost their performance.
Aptos (APT)
Aptos is currently trading above the key $10.92 level, in line with the 61.8% Fibonacci Retracement line, often referred to as bull market support. This level plays an important role in maintaining the positive sentiment of this cryptocurrency.
This week marks a major milestone for Aptos as Bitwise prepares to launch the world’s first Aptos staking ETP product. This trading product will target staking of Aptos held by the fund, which could drive increased interest and demand, leading to a strong price rally.
If momentum builds, Aptos could break resistance at $14.05, signaling continued growth. However, if market sentiment changes, a drop below $10.92 could negate the positive outlook, pushing the price towards $9.15 and causing concern among investors.
Floki (FLOKI)
FLOKI is up 128% in the past two weeks, currently trading at $0.0002670. This Meme Coin uptrend could extend further if it successfully overcomes the resistance at 0.0002776 USD, allowing the price increase to continue.
Animoca Brands’ expected collaboration between Floki and Forj, scheduled to release the $MONKY Meme Coin on November 21, 2024, further adds to the positive sentiment. This initiative, supported by partnerships with ApeCoin and Bored Ape Yacht Club, has created excitement among investors and could further fuel price increases.
If the momentum from this launch pushes FLOKI further, Meme Coin could reach $0.0003138. However, a loss of the critical support at $0.0002568 could result in a correction, dragging the price down to $0.0002108 and nullifying the current bullish outlook.
Zcash (ZEC)
Zcash (ZEC) has increased 25.5% in the past four days, currently trading at $46.16. This Crypto aims to break through and turn $46.24 into a support floor, which could allow a rally towards $50.00. Maintaining this momentum is crucial to ZEC’s bullish trajectory.
The upcoming Network Upgrade 6 (NU6), expected around November 23, promises to bring significant updates to the Zcash network. This implementation could boost positive sentiment and fuel a potential rally as the market reacts to these developments.
If ZEC takes advantage of this momentum, a break above $50.00 could be strong. However, a drop below the critical support of $40.76 could invalidate the positive view, leading to a significant correction and losses for investors.