3 altcoins to watch this weekend | January 24-25

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The final weekend of the month is expected to be relatively quiet as geopolitical tensions have eased. As concerns related to Greenland subside, the crypto market may stabilize and find a clearer direction.

BeInCrypto has analyzed three altcoins with growth potential this weekend.

Tezos (XTZ)

XTZ will enter the weekend with great news as the Tallinn upgrade officially rolls out. This update aims to improve the network's performance, speed, and security. Protocol upgrades often have a significant impact on short-term prices , so Tezos is attracting attention as traders prepare for potential volatility.

Technical indicators suggest XTZ has the potential to break out. The Bollinger Bands are narrowing, signaling low volatility and potentially widening as the Tallinn update unfolds. If this happens, XTZ price could surpass $0.59 and $0.62. If the breakout is successful, Tezos could head towards resistance at $0.66.

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XTZ Price Analysis. XTZ price analysis. Source: TradingView

The positive scenario will depend on the market's reaction. If traders are unsupportive, the price of XTZ could continue to trade sideways in the $0.55 – $0.62 range, reflecting neutral sentiment despite the protocol upgrade.

Seeker (SKR)

SKR just had an explosive week , surging 335% immediately after its listing, setting a new all-time high at $0.0597. This rapid price increase attracted attention from speculators before profit-taking emerged. The initial strong surge made SKR a highly volatile asset, attracting active participation from short-term traders.

After peaking, SKR has corrected downwards by 23.6% and is currently trading around $0.0390, still holding above the $0.0385 support level. Currently, sell orders are larger than buy orders. If this trend continues until the end of the week, selling pressure could intensify, pushing SKR down to the next support level at $0.0205.

SKR Price Analysis. SKR price analysis. Source: TradingView

A reversal is still possible if market sentiment changes. With renewed buying pressure, the price of SKR could stabilize and then rebound. If SKR regains the $0.0517 mark, it would be a clear signal and could help the coin challenge its previous high, or even set a new historical price.

Canton (CC)

CC is one of the few altcoins that maintained its upward momentum as the weekend drew to a close. The Money Flow Index shows increasing buying pressure, signaling greater investor interest. This accumulation phase could help CC continue its upward trend as the market stabilizes and money shifts to stronger assets.

At the time of writing, CC is trading around $0.142, close to the $0.148 resistance level. If it successfully breaks through this level, CC could advance to $0.164. At that point, the coin would be close to its all-time high of $0.177, approximately 24% higher than the current price.

CC Price Analysis. CC price analysis. Source: TradingView

The positive outlook will only continue if CC breaks through resistance. If it fails to surpass $0.148, selling pressure could return, pushing CC back to the $0.133 support level and halting the plan to approach its historical peak.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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