Three Charts Walk Into a Bar: This Week's Most Technically Thirsty Alts
As the crypto calendar flips deeper into March, a select few altcoins are painting technical pictures so compelling they might even get a nod from a chart-obsessed robot. With the general market sentiment slowly thawing from crypto winter, BeInCrypto has spotlighted three projects whose price action is built on more than just memes and prayers.
River ($RIVER) has just executed a clean breakout from a textbook cup and saucer formation—a classic pattern that, in this case, suggests a potential 192% rally toward the $43 stratosphere. The immediate mission is for $RIVER to establish the $24 level as its new permanent residence (support in degen-speak). Secure that floor, and the escalator runs up to $36 before the final destination.
Naturally, in crypto, every breakout party has a potential rug pull. If early birds decide to cash in their chips and force a rejection below $24, we could see a corrective dip down to $18. A failure to hold there might see the price plunge toward $11, effectively turning that elegant cup and saucer into a pile of ceramic shards.
LayerZero ($ZRO) has been the stoic, dependable hodler in a market otherwise populated by hyper-caffeinated day traders, cruising within a pristine uptrend channel for weeks. The Chaikin Money Flow indicator is nodding in approval, confirming that actual capital—not just hot air—is supporting its 11.5% weekly gain. This sets the stage for a potential push past the $2.29 resistance toward $2.35.
The catch? If big brother Bitcoin decides to have a bad day, $ZRO will likely feel the heat. A significant BTC downturn could shatter the $2.15 support level, potentially unwinding recent progress all the way back to the $1.94 zone.
Bittensor ($TAO) came through with the confirmation pump, validating its ascending triangle pattern with a tidy 13% surge in a single day. It has already bagged the initial 36% rally target, touching $283 and now setting its sights on the psychologically significant $300 milestone.
However, the Money Flow Index is currently flashing a bright "overbought" signal, which is trader code for "maybe don't FOMO at the top." If bullish momentum exhausts itself and the price slips below $273, a cooldown toward $229 is on the table. A decisive weekly close above $300, though, would be a clear message for the bears to return to hibernation.
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