3 promising altcoins to watch this week

Venice (VVV), Toncoin (TON), and Internet Computer (ICP) are among the altcoins to watch this week. All three are at key technical levels after leading the altcoin rally last week.

Each Token has moved beyond a months-long consolidation phase to enter a strong growth phase. Price movements this week could determine whether that upward momentum continues or stalls at the first resistance level.

Venice (VVV) has reached its first Fibonacci target, preparing to enter a new price-seeking phase.

Venice (VVV) is currently trading around $16.80 after a 78% increase over the past seven days. On the daily chart, the price touched the outer Fibonacci level of 1.272 at $17.30, which is the first key upside target.

The next resistance level is at the 1.618 Fibonacci level outside the support zone at $21.52. Volume increased sharply during the breakout (green arrow), and the RSI remains in the overbought zone, indicating bullish sentiment with no bearish divergence yet. The BBWP indicator also shows extremely high volatility (red).

The first strong support lies at the 0.618 Fibonacci retracement level at $9.30. A drop below this level would invalidate the bullish scenario and increase the risk of a deeper correction.

User X @TimeFreedomROB also offered a similar positive assessment. According to this trader, volume could continue to increase once VVV surpasses the $22.50 mark, at which point the Token will enter a price-seeking phase.

“The volume trend is expected to continue. The largest Volume columns will appear when VVV breaks 22.5 and enters a new price-seeking zone. The calm before the storm.”

Toncoin (TON) heads towards $2.12 support after sharp correction.

Toncoin (TON) is currently trading around $2.28 after a 6% drop in the last 24 hours. However, the Token has still retained over 80% of its weekly gains, thanks to support from recent news within the Telegram ecosystem .

The daily chart shows the price is retracing from the 0.618 Fibonacci level at $2.74, after a strong upward move. The correction zone is currently heading towards the 0.382 Fibonacci level at $2.12, which was the boundary of the previous accumulation phase.

If the price bounces up from this area, the next target could be the 0.786 Fibonacci level at $3.18. The RSI has dropped to around 70 but remains in bullish territory. Daily volume surged during the breakout and is now declining, a common signal before a new rally if the support area holds.

User X @mejsidzej also marked this correction zone on the hourly chart. This trader suggests the first buying zone is $2.08 – $2.33. If selling pressure intensifies, the deeper zone from $1.60 to $1.76 would be the next target.

“Currently, we are in the initial correction zone, $2.08–$2.33… Expect a rebound to at least $2.90. If the correction is deeper, a good buying zone would be $1.60–$1.76.”

Internet Computer (ICP) turns resistance into support, heading toward $4.23.

Internet Computer (ICP) is currently trading around $3.39 after surging more than 40% over the past week. The daily chart shows that the price has broken out of the consolidation zone that lasted from early February to early May.

The 0.382 Fibonacci level at $3.10 has turned from resistance to support and is currently being retested. Previously, the Token was rejected at the 0.618 Fibonacci level at $3.75.

If ICP successfully breaks above $3.75, it will face its next resistance near $4.23. The RSI remains in the overbought zone, indicating a bullish outlook, with no signs of divergence. Simultaneously, daily volume remains high compared to the previous accumulation phase.

User X @KatochXcrypto Chia his perspective on a larger timeframe. His weekly chart shows an extended descending channel, while also predicting a price target near $13, suggesting there is still significant upside potential in the medium term.

The altcoins to watch this week are based on key support zones.

All three altcoins entered the new week with similar technical signals. They all recently broke out of months-long consolidation phases and entered a strong growth phase, placing VVV, TON, and ICP among the best-performing altcoins of the past week.

The uptrend remains intact if VVV holds above $9.30, TON needs to hold at $2.12, and ICP must stay above $3.10. If these support levels are lost, prices could correct further back to previous accumulation zones.