3 Top Altcoins Smart Money Is Buying This Weekend

Bitcoin and Altcoins: Opportunities Amidst a Bearish Market

Bitcoin has closed the week in the red, alongside notable altcoins such as Ethereum (ETH), ZKsync (ZK), XRP, and Dogecoin (DOGE). While a positive outcome seemed possible earlier, driven by US PCE data, bears may have the upper hand, potentially triggering a prolonged sell-off.

However, amidst this bearish sentiment, there are still opportunities to be found. By carefully sifting through the noise, investors can identify gems with growth potential.

Top Altcoins to Consider

1. Dogecoin (DOGE)

Despite a lack of full recovery, Dogecoin's price has been holding above multi-month support and forming a reversal pattern, indicating the potential for a substantial rebound. During the June market correction, DOGE fell significantly, but the daily chart now shows the formation of a bullish continuation flag pattern.

Under the influence of this pattern, DOGE is oscillating within two trendlines, attempting to regain momentum. Currently trading at $0.127, DOGE has an intraday gain of 0.22%. A successful breakout above the immediate resistance of $0.129 could lead to a 10% increase.

2. XRP

Holders of XRP remain optimistic that the token, currently facing a lawsuit between Ripple and the SEC, could potentially reach $10. The case has reached the trial stage, with the SEC lowering its initial $2 billion penalty proposal to $102.6 million.

An XRP ETF could grant the token more legitimacy as a cryptocurrency. VanEck's recent filing for a Solana ETF may increase the demand for larger altcoins, including XRP.

XRP's rally to $10 depends on market sentiment, demand, and investor FOMO. The Relative Strength Index (RSI) is rebounding from the oversold region, indicating potential momentum. A breakout above $0.5 resistance would confirm an uptrend.

3. GameStop (GME)

GME has been trending upwards with strong volume, showing a potential for continued growth. The company has been implementing strategic initiatives to improve its financial performance and is considered a strong pick for retail traders.