When the crypto market is ready for turnaround, the 3 AltCoins to watch this week will be watched

Cryptocurrency markets started a sluggish start this week, but the upcoming events could signal a potential market reversal. Some altcoins are affected by key external factors, providing investors with potential growth opportunities. This article will analyze three altcoins and explore their future price trends.

Move (MOVE)

MOVE prices have fallen 44% in the past two weeks and are currently trading at $0.305. In the past 24 hours, the decline has intensified, with MOVE hitting a new low of $0.286, a drop of 23%.

The upcoming token unlocking on April 9 may release more than $15 million in MOVE, with a total value of more than $50 million. This could increase supply, reduce demand, exacerbate bearish trends, leading to further price declines.

Therefore, MOVE price may test the $0.286 support level again, and may even fall below that level, setting a new all-time low. However, if the market reacts positively, MOVE prices could rebound to $0.374, turning the bearish situation around.

EOS (EOS)

EOS was one of the best performing tokens this week, rebounding 57% at the end of March. This suggests that the altcoin may be about to get rid of the bearish trend.

Despite recent gains, EOS has fallen 15% last week and is currently trading at $0.72. Its price is stable above the $0.68 support level, with a goal of breaking through $0.76. This is consistent with the potential golden cross, with the 50-day moving average about to cross the 200-day moving average.

If EOS fails to hold the $0.68 support level, it may fall to the next support level of $0.61. A break below this level will invalidate the bullish outlook and erase recent gains, heralding further challenges to EOS.

Helium (HNT)

HNT price earlier fell below the $2.30 support level, down nearly 20%, before rebounding slightly. The current transaction price is $2.39, showing some resilience.

However, a wider bearish signal still threatens the price of HNT, leaving traders feeling uncertain about its short-term trend.

This week, HNT will undergo major updates (including HIP-103), which may boost investor confidence and may push up HNT prices. If the market responds positively, HNT may gain new momentum and rise in the coming days.

If the market reacts positively, HNT prices could rise to $2.75, recouping most of the declines in the past 24 hours. However, if HNT fails to hold $2.30, it may fall further to $2.00, invalidating the bullish outlook.

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