With the market seemingly shifting its stance from bullish to bearish, the question of whether altcoins’ recent rallies will survive or not is arising. While some altcoins might depend on external developments, others are still following BTC’s cues.
Thus, BeInCrypto has analysed three such altcoins that could surprise investors over the weekend.
Chiliz (CHZ)
Chiliz appears set for a potentially bullish weekend after unveiling its Chiliz 2030 vision. The long-term roadmap focuses on scaling the sports blockchain and expanding real-world adoption. This strategic update has improved sentiment around CHZ, positioning the altcoin favorably as investors assess future network growth prospects.
While the announcement alone may not spark a full recovery, it could sustain interest following CHZ’s 30% weekly rally. Trading at $0.057, CHZ may consolidate near current levels. Holding above $0.053 would indicate stability, suggesting buyers remain engaged through the weekend despite limited immediate catalysts.
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Downside risks persist as momentum indicators flash caution. The Money Flow Index signals overbought conditions, implying buying pressure may be saturated. If profit-taking emerges, CHZ could slip below $0.053. A deeper pullback toward $0.050 would invalidate the neutral outlook and confirm short-term bearish pressure.
Dash (DASH)
DASH has emerged as one of the week’s top performers, surging 114% in just seven days. The altcoin now trades near $80, fueled by aggressive buying momentum. Despite the strong rally, DASH remains 24.8% below the $100 milestone, keeping traders focused on whether upside strength can persist.
The recent DASH price surge followed increased merchant adoption, highlighted by Alchemy Pay onboarding the network. However, momentum indicators raise caution. The Chaikin Money Flow shows a bearish divergence, with price printing higher highs while CMF weakens. This suggests capital outflows are rising beneath the rally, increasing downside risk.
If selling pressure accelerates, DASH could lose the $74 support and slide toward $63 in the short term. Such a move would confirm a corrective phase. Conversely, renewed inflows could stabilize price action. Sustained demand would allow DASH to extend gains and challenge the $100 level next week.
Polygon (POL)
Another one of the altcoins to watch this weekend is POL, which delivered a volatile January performance, rallying 46% last week as bullish sentiment dominated early trading. That momentum faded quickly. Heightened market uncertainty triggered sharp swings, pushing POL down 15.6% this week.
The abrupt reversal highlights fragile confidence and highlights how quickly speculative demand can unwind.
Capital flows have weakened materially over recent sessions, making POL one of the first altcoins to lose investor support. The Chaikin Money Flow shows inflows drying up entirely. If outflows take control, downside pressure could intensify. Under such conditions, POL price risks sliding toward the $0.138 support zone.
A bullish reversal remains possible if sentiment improves across the broader market. Renewed accumulation could allow POL to reclaim $0.155 as support. Holding that level would restore short-term confidence. With sustained buying, POL could extend a recovery move toward $0.183, negating the current bearish outlook.
The post 3 Altcoins To Watch This Weekend | January 17 – 18 appeared first on BeInCrypto.
