Key Insights
- Bitcoin’s dominance has dropped from 60% to 56%, a sign of an incoming altcoin season as the total Crypto market cap remains above $3.4 trillion.
- Worldcoin is up 35% over the week and could reach between $5.4 and $7.9 if it breaks the $3.67 resistance level.
- FET has shown a 24% weekly price increase and could swing up to 85% if it breaks the $2 resistance.
- Filecoin is up 19% this week and testing the $6.83 resistance. If it breaks above this resistance, it could make a bullish move to $11.84- $12.
- Apecoin’s price is trending within a classic cup-and-handle pattern and could be a sign of an incoming surge to $1.9 or beyond.
The Crypto market has been heated over the last few weeks, and it has displayed one of the biggest displays of resilience ever.
Bitcoin consolidated between the $91,000 and $99,500 zone for nearly all of November while attempting to break above the $100,000 mark.
The total crypto market cap is well above $3.4 trillion, with average daily trading volumes of $150 billion.
As it stands, Bitcoin’s dominance has crashed considerably from 60% to 56% where it now sits—which means that an altcoin season could be very close.
The total Crypto market’s performance
On the flipside, the total fear and greed index still shows an extreme greed reading of 82%, indicating that traders and investors should make decisions carefully.
Through it all, which altcoins have the potential to make a difference this week?
Let’s find out.
1. Worldcoin (WLD)
Worldcoin had a stellar performance in the last week and is even up by around 16% in the previous 24 hours before press time.
The cryptocurrency moved to the upside by 35% over the last week, indicating that the bulls are active.
Worldcoin’s performance
According to the charts, the cryptocurrency has a solid chance to rally to as high as $5.4 this week.
The price performance of Worldcoin
As illustrated, the 99-day EMA (blue line) has been providing solid support since 11 November.
This has helped Worldcoin to rise towards the $3.67 resistance, as highlighted by the Fibonacci retracement tool.
Put simply, the bulls must attempt to force a break above the $3.67 resistance this week.
If they succeed, Worldcoin can rise to as high as $5.4 or even higher between $6.7 and $7.9.
2. Artificial Superintelligence Alliance (FET)
FET has also had a wonderful week, with much organic action. Over the last 24 hours before writing, the cryptocurrency has gained around 5%.
On the weekly timeframe, we have a 24% price increase as illustrated:
FET’s price performance
According to the charts, the 99-day EMA has been providing vital support to FET, just like with Worldcoin.
The cryptocurrency has also been trading atop an ascending trendline for months, indicating that the bulls are in control.
Price action on FET
Like Worldcoin, FET faces resistance underneath the $1.929 – $2 zone.
Investors must watch what happens around this price level because a break above $2 could trigger an upswing towards $2.322 and $3.465.
A 25% to 85% swing towards the upside.
3. Filecoin (FIL)
Filecoin was up by as much as 10% over the last 24 hours before writing. As illustrated, the weekly timeframe also saw a 19% price increase.
Price performance on Filecoin
According to the charts, Filecoin has been stuck underneath the $6.83 price level since April earlier this year.
After several failed attempts between April and June, the cryptocurrency is making another bold attempt and could be on its way to a massively bullish week.
Keep an eye out for FET.
Investors must watch out for what happens between $6.83 and $7.33 this week.
If a real above occurs, FIL has a near-uninterrupted path to travel towards the $11.84 – $12 mark—or even higher.
4. Gala (GALA)
Gala is up by as much as 6% over the last 24 hours before writing. The cryptocurrency has also had a strong week of trading, with a price increase of 10% in the previous seven days.
The price performance of Gala
According to the charts, Gala just broke above the $0.041 price level, which is an encouraging sign.
The cryptocurrency has closed above this resistance, and could be looking at a consolidation between $0.05 and $0.041.
However, if a break above the psychological $0.05 resistance occurs from here, we could see a price jump to anywhere between $0.058 and $0.086.
All of which means that Gala could be ready for a 35% – 98% price increase soon.
5. Apecoin (APE)
Apecoin is another top performer, with a 5.39% price increase over the last 24 hours before writing and an 11.26% price increase over the previous week.
Apecoin’s price increase
According to the charts, Apecoin is forming a classic cup-and-handle formation, especially after last week’s price explosion, its reversal, and comeback, as illustrated.
Incoming price explosion for Apecoin
This pattern means that Apecoin will rally further upwards to the “tip” of the cup, somewhere between $1.75 and $1.9.
We will then see a consolidation as the cryptocurrency attempts to break above—before a final breakout that “sends” it.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but 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.
