3 Altcoins To Watch This Weekend | July 5 – 6

JUP has seen a 12.4% increase over the past week, currently trading at $0.442. The altcoin is consolidating between $0.471 and $0.424, indicating it may be on the verge of a breakout.

The Parabolic SAR indicator is below the candlesticks, suggesting a possible upward trend for JUP. This could signal growing buying pressure, potentially pushing the altcoin higher. The launch of Jupiter Studio, allowing users to create tokens, may further boost demand for JUP.

If JUP breaks through the $0.471 resistance, it could target $0.517. However, without sustained buying momentum, the altcoin might continue to consolidate, limiting short-term gains.

DOG, a meme coin built on Bitcoin, is expected to have an airdrop event this weekend, with Kraken exchange promoting July 6 as the date. Airdrops typically create excitement, which could drive demand for DOG.

Currently trading at $0.0041, DOG might move toward $0.0047 if the airdrop generates sufficient interest. However, if the airdrop hype doesn’t significantly impact the price, DOG could experience sideways movement, supported by $0.0039. A drop below this support level would negate the bullish outlook, potentially pushing DOG down to $0.0035.

HOSICO has attracted considerable attention, with a 172% increase in the past week. The meme coin is currently trading at $0.0514, demonstrating strong momentum. However, market dynamics may shift as the coin faces resistance and investor sentiment changes.

The Relative Strength Index (RSI) shows that HOSICO is overbought due to the recent surge, suggesting a possible cooling-off period before further growth. If the bullish trend continues, HOSICO could break past the $0.0619 resistance and target $0.0775 in the near future.

If selling pressure increases, HOSICO could lose support at $0.0486, which would invalidate the bullish outlook and possibly lead to a decline toward $0.0347.