Several altcoins entered the first week of March with notable catalysts that could create short-term volatility and trading opportunities. While technical indicators suggest increasing Capital flows into some projects, macroeconomic and geopolitical factors continue to dominate the overall market trend.
Below are three altcoins analyzed based on external factors and recent developments, which may rise or fall in the first week of March.
Polygon (POL)
Polygon is preparing to deploy the Lisovo Hardfork upgrade on March 4th, bringing smart contract improvements and better wallet support. The upgrade includes better Count Leading Zeros compatibility, flexible fee adjustments, and increased transaction reliability. Network upgrades often impact sentiment towards the native Token , potentially causing significant volatility in POL.
POL's price could benefit from increased buying pressure. The Money Flow Index shows increasing Capital flows, reflecting improved investor confidence. If demand persists, POL could break through the $0.109 resistance level and head towards $0.120 in the short term.
However, escalating geopolitical tensions could put pressure on all altcoins. In that case, POL could fall below the $0.104 support level. If it continues to fall to $0.099 (the 61.8% Fibonacci level), the bullish scenario will be invalidated and the risk of a sharp decline will increase.
Chiliz (CHZ)
At the time of writing, CHZ is trading around $0.033, still below the $0.034 resistance level. This Token is quite sensitive to macroeconomic trends and lacks a strong independent catalyst, so it mainly follows the general sentiment of the crypto market.
Chiliz announced that starting in the first week of March, the Fan Token revenue protocol will be used to buy back and burn $ CHZ, expanding its utility beyond governance. If bullish momentum builds, CHZ could surpass $0.034 and $0.036, heading towards the $0.038 region.
However, negative macroeconomic conditions could hinder the recovery. The CHZ recently formed a Death Cross, signaling a weakening trend. If selling pressure persists, the price could fall below $0.032 and $0.030, negating the bullish scenario.
Hyperliquid (HYPE)
HYPE is currently trading around $30, holding above the support line of its month-long uptrend. The Chaikin Money Flow indicator shows strengthening inflows, reflecting improved investor confidence and consolidating the short-term bullish structure.
When the CMF crosses the 0 mark, it indicates that net Capital inflow into HYPE remains positive. Increased buying pressure could push the price above the $33 resistance level, then towards $36. If this level is successfully conquered, the price could pave the way to $40, consolidating the recovery trend.
However, Hyperliquid will unlock 9.91 million HYPE Token this week, worth approximately $305 million. If the new supply is not absorbed, selling pressure could increase. A break below $28 could drag the price down to $25, invalidating the bullish scenario and breaking the current support trend.
