Halfway through September and the crypto market has observed improvement with majority of the tokens noting recovery. The challenge now is in maintaining it and for the same, tokens might need to rely on external developments as well.
BeInCrypto has analysed three such altcoins that could be looking at gains in the coming week.
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Flow (FLOW)
FLOW is trading at $0.413, holding slightly above its $0.412 support level. The altcoin shows resilience despite recent volatility, and technical indicators suggest a potential rebound. A bounce from this range could see FLOW climbing toward $0.436 within the coming week.
The positive outlook is supported by Flow’s integration of the Forte protocol, enabling enhanced composability and native automation within its network. Additionally, the RSI is trending upward, signaling improving investor sentiment. These factors combined may drive FLOW’s momentum higher, strengthening its chances of breaking through the next resistance.
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FLOW Price Analysis. Source: TradingView
However, failure to capitalize on the current bullish momentum could trigger downside risks for FLOW. If the price slips below $0.412, it risks further declines to $0.395 or even $0.365. Such a breakdown would invalidate the bullish thesis and pressure holders into cautious positioning.
Sky (SKY) – Formerly Maker (MKR)
SKY price is trading at $0.0748, maintaining strength above the $0.0746 support level. The altcoin has successfully sustained a three-week-long uptrend despite broader market volatility. Holding this range is crucial, as it signals investor confidence and provides the base for further gains in the short term.
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The Parabolic SAR indicator positioned below the candlesticks suggests an active uptrend, supporting a bullish outlook. Adding to this momentum, the upcoming deadline for converting MKR to SKY could drive demand higher. Increased participation may push SKY price toward $0.0838, reinforcing its recovery trajectory and attracting fresh capital inflows.
SKY Price Analysis. Source: TradingView
However, if the market response to the conversion deadline remains weak, SKY could lose its support at $0.0746. A breakdown at this level risks a further decline, pushing the altcoin to $0.0693. Such a move would invalidate the bullish thesis and weaken investor sentiment.
XTZ price is trading at $0.766 after failing to flip $0.779 into a reliable support floor. Despite this setback, the Exponential Moving Averages still highlight an active Golden Cross, signaling that bullish momentum for Tezos remains intact and could support further recovery attempts in the near term.
The upcoming Seoul protocol upgrade, scheduled for September 19, is generating optimism among investors. As Tezos transitions to this new protocol, market sentiment could lift XTZ price higher. This potential demand surge may allow the altcoin to breach $0.779 and target $0.818, reinforcing its short-term bullish outlook.
XTZ Price Analysis. Source: TradingView
On the downside, weakening market conditions could undermine investor confidence and trigger selling pressure. If this occurs, XTZ price may slip to $0.737 support, erasing recent gains. Such a decline would invalidate the bullish thesis, forcing Tezos to rely on external catalysts for recovery.