todayonchain.com

3 Altcoins To Watch This Weekend | November 8 – 9

BeInCrypto
Investors should watch Internet Computer (ICP), Movement (MOVE), and Axie Infinity (AXS) this weekend due to network developments and token unlock events.

Summary

This weekend, three altcoins—Internet Computer (ICP), Movement (MOVE), and Axie Infinity (AXS)—are highlighted for investors, independent of Bitcoin's market movements. ICP has surged 166% following the launch of Dfinity's AI tool, Caffeine, potentially rallying toward $10.83 if bullish sentiment holds, though profit-taking could lead to a drop to $6.05. Movement (MOVE) faces uncertainty due to a significant token unlock event ($2.90 million worth of tokens) which could amplify selling pressure, potentially pushing its price below $0.0525 support. Finally, Axie Infinity (AXS) has a smaller, less impactful token unlock, and while it is in a downtrend, the MACD indicator suggests a potential bullish crossover, targeting resistance at $1.39 if sentiment improves.

(Source:BeInCrypto)