3 altcoins to watch this weekend | March 7-8

The altcoin market is entering the weekend with significant volatility. Some Token continue to surge and set new highs, while others hit Dip with deep declines and had to test key support levels.

BeInCrypto has analyzed 3 altcoins that have the potential to reach new highs this weekend.

Kite

KITE has just become one of the most impressive performing Token this week, surging by 22.8%. During this surge, KITE set a new all-time high (ATH) at $0.323 today, demonstrating strong investor interest and market optimism. The price of KITE still has momentum for further gains if this positive sentiment is maintained.

KITE's upward momentum is strongly supported by investors, indicating stable buying pressure. Capital is continuously flowing into KITE, creating the potential for another upward move. If this trend holds, KITE could reach the $0.369 USD region to create a new all-time high (ATH). The volume of investor purchases also suggests that this altcoin is likely to continue its price increase in the short term.

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However, if investor sentiment changes and selling pressure increases, the price of KITE could correct. If it falls below the support zone of $0.278, the trend will weaken and KITE could drop to $0.240 or lower. At that point, the bullish scenario will cease, and a reversal is likely.

Lighter (LIT)

Another altcoin to watch this weekend is LIT, which has dropped 18% over the past week, hitting an all-time low (ATL) of $1.15 today. This plunge comes after LIT lost a key support zone at $1.31, causing a sharp price drop. Market sentiment has turned negative, indicating that LIT is in significant trouble.

At this point, low levels like ATL can often be turning points. If the low price attracts buyers, LIT could recover from $1.15 to return to the $1.40 region. However, for a successful reversal and regaining confidence from retail investors, the price needs to break through the $1.31 resistance level.

If selling pressure remains dominant and LIT breaks below the $1.15 support level, the Token could fall further to $1.10. At that point, the reversal scenario would no longer be valid, LIT would establish a new all-time high, and downward pressure would continue to weigh on this altcoin .

Official Trump (TRUMP)

TRUMP is plummeting, down 6% today, currently trading around $3.21. Investors should exercise caution as the Token is approaching its all-time low (ATL). If the negative trend continues, TRUMP's price could fall even further unless there is a shift in market sentiment.

Currently, TRUMP is holding above the $3.18 support level, but if the downtrend continues, the Token could fall to the all-time low of $3.02. The Chaikin Money Flow (CMF) indicator also shows increasingly strong Capital , indicating significant selling pressure. These factors signal that TRUMP could continue to decline if the negative trend persists.

If TRUMP shows a trend shift or investor sentiment changes, the price could bounce back from the $3.18 support zone. If it breaks above $3.44, the recovery trend is confirmed, the bearish scenario is ruled out, and the possibility of a TRUMP price increase opens up. Retail investors should closely monitor these key price levels to detect reversal signals.