Stacks is up by 30% on the weekly timeframe and faces resistance at $2.8, with a target of $3.35.
The crypto market is ready to take on the next halving, as shown by Bitcoin's break above $50,000 over the last week.
Several altcoins have followed Bitcoin's lead, and are showing serious signs of promise.
In this article, we will be going over some of the most promising of these altcoins to keep an eye out for in the coming week.
Without further ado, here are five of them.
Siacoin has been incredibly bullish over the last week and on several other timeframes.
According to data from CoinMarketCap, the cryptocurrency is up by around 6% over the last day at the time of writing, and by a whopping 60% over the last week, as shown below:
This price action shows that the bulls are as strong as ever and that the bullishness might be set to continue over the coming week.
According to the charts, Siacoin broke below the $0.0083 support in May 2022 and has been stuck underneath ever since.
On 1 January 2024, the cryptocurrency broke out of this formation but got caught up by the bears around $0.0136.
At the time of writing, SSiacoin appears to have completed its price reversal and rebound move and is aiming for a break above $0.0136 once again.
If we see a break and a decisive close above this level occur, we might be poised to hit the next price targets, anywhere between $0.0173 or even higher.
Over the last week, VET is up by nearly 50% as shown in the snapshot below.
This indicates a great deal of bullish strength on the cryptocurrency and a possibility of further price rallies over the coming week.
In the weekly charts, we can see that VET is this bullish because it recently broke above a very important price resistance for the first time since breaking below on 9 May 2022.
This shows that we might be about to see the most massive rally yet, on VeChain.
If we indeed see a break and close above this $0.038 zone, VeChain will have an almost uninterrupted rally and hit anywhere between $0.08974 and $0.18755.
Arweave is also bullish on all timeframes.
Over the last day, Arweave has netted around 5% in price gains, and is also up by about 40% over the last week, as indicated by the snapshot below:
According to the weekly chart below, Arweave used to be very bearish, as shown by the descending trendline.
The cryptocurrency is now attempting to break out of this trend, as shown by its retest of $12.2 above.
If we see Arweave become successfully break and close above $12.2 in this attempt, the cryptocurrency will now be poised to hit new price levels like the next resistance at $18.4, or even higher.
Similar to the others, Sei is no small fish.
According to data from CoinMarketCap, the cryptocurrency is only slightly bullish on the daily timeframe but is up by around 39% on the weekly.
SEI is currently trading in "uncharted territory", after breaking above its previous $0.48 all-time high on 15 August 2023.
As shown by the chart below, SEI appears to have completed its consolidation phase after the break above this level and is now reaching for higher highs.
According to the Fibonacci retracement levels for SEI, the incoming week has a price target for the cryptocurrency, around $1.13, assuming a break and close below $0.8871 doesn't occur.
Stacks has also been just as bullish as most of the others on this list.
On the daily chart, the cryptocurrency is up by around 2%, and by around 30% over the last week, as shown by the snapshot below:
This cryptocurrency has been bullish for far longer than a week, right after breaking past the $2 resistance.
The cryptocurrency is currently facing turbulence around the $2.8 resistance and could be on the verge of a small pullback to $2.34, as indicated by the Fibonacci retracement tool.
The coming week might see Stacks hit anywhere between $2.79 and $3.35, depending on whether or not the bulls can save SEI from a plunge below $2.34.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.