3 Altcoins To Watch This Weekend | April 18 – 19
Summary
This weekend, three altcoins are poised for significant price movements. Official Trump (TRUMP) is seeing increased whale accumulation, with top holders adding millions of tokens and exchange balances decreasing, aligning with anticipation for the April 25 Mar-a-Lago conference. On the chart, TRUMP is forming a cup base with a potential double-bottom, and a close above $3.11 could signal a 12.60% rise.
LayerZero (ZRO) faces a substantial 25.71 million token unlock on April 20, potentially creating selling pressure. Despite a recent rally, ZRO is trading within a falling channel, and any upward attempt this weekend could be met by the impending unlock. Key support is at $1.97, with a break below potentially leading to a drop to $1.73.
Chainlink (LINK) presents a conflict between on-chain activity and chart patterns. Whales and Chainlink ETFs have seen significant inflows, yet the daily chart shows a bearish head-and-shoulders pattern. A close above $9.68 is needed to weaken the pattern, while a break below $9.24 could lead to further declines, with the neckline at $7.96 being a critical support level.
(Source:BeInCrypto)