The crypto market is shifting from bearish to neutral as most of the top tokens are moving sideways. This range-bound movement makes the altcoins dependent on external development to stimulate a surge in price.
BeInCrypto has analysed three such altcoins that are likely to observe a move in the coming days.
SponsoredTezos (XTZ)
XTZ is trading at $0.722, maintaining a tight range between $0.737 and $0.696 since late August. The altcoin is awaiting a breakout catalyst, and technical indicators suggest price action could soon shift, potentially ending the extended consolidation period.
Tezos recently announced its upcoming Seoul protocol upgrade, which is scheduled for launch on test networks Shadownet and Ghostnet this week. Strong community reception and investor confidence could spark fresh inflows, pushing XTZ past $0.737 resistance.
A successful breakout may enable gains toward $0.779, strengthening bullish momentum in the near term.
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However, failure to generate positive momentum from Seoul’s launch could weigh on XTZ. If buyers fail to defend support, the altcoin risks slipping below $0.696. Such a breakdown would invalidate the current bullish outlook and leave Tezos vulnerable to extended consolidation or further decline.
XRP
XRP is trending higher and may extend gains around the upcoming The Future of Onchain Finance conference. The XRPL Meetup is expected to deliver announcements linked to XRPL Commons, potentially strengthening market sentiment and attracting fresh inflows into the altcoin.
XRP price has climbed 4.8% in the past 24 hours, trading at $2.94. A breakout above $2.95 could flip this level into support and trigger a rally toward $3.07 or higher, boosting confidence among investors.
However, if XRP fails to secure $2.95 as support, it risks falling to $2.85. This could see the 50-day EMA revert into resistance, potentially dragging XRP further down toward $2.73. This would weaken its short-term outlook.
Nobody Sausage (NOBODY)
NOBODY has captured investor attention after jumping 21.3% in the last 24 hours, trading at $0.089. The meme coin’s momentum appears strong, and by market sentiment, this surge could likely extend into the coming week with sustained bullish activity.
The rally may accelerate as the Nobody Sausage team teased a collaboration with Terence Crawford, the world champion in weightlifting. Such a high-profile partnership could drive renewed demand, helping NOBODY surpass the $0.100 mark and potentially push prices to new short-term highs.
However, the meme coin remains exposed to investor profit-taking. Should selling pressure emerge, NOBODY price risks slipping toward $0.070 or even lower. A move below this support zone would weaken bullish sentiment and potentially invalidate the optimistic outlook for the token.
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