3 notable altcoins this weekend | November 22 – 23

Altcoins are under strong downward pressure as Bitcoin’s price plunges below the $90,000 mark. As the weekend approaches, this declining trend may continue. However, some altcoins have shown the ability to break away from Bitcoin’s influence by relying on their own unique factors to record notable growth.

Coinphoton has analyzed three prominent altcoins that have the potential for strong volatility this weekend, whether in a positive or negative direction.

Starknet (STRK)

Over the past week, STRK recorded an impressive 66% growth after Anchorage Digital launched Bitcoin staking on the Starknet platform, attracting significant investor interest. This move not only increased demand for STRK but also reflected growing confidence in the project.

The EMA moving averages currently show STRK nearing a Golden Cross pattern—a strong bullish signal in technical analysis. If this pattern is confirmed, STRK could enter a new uptrend, surpassing the resistance at $0.252. Continued momentum could take STRK to the $0.300 range as buying interest strengthens.

PhSTRK price analysis | Source: TradingView

Conversely, if investors begin to take profits and the upward momentum weakens, STRK risks losing its growth trend. The price could adjust down to support levels at $0.195 or even $0.136, weakening the positive outlook. Decreased demand and shifting market sentiment will increase the risk of deeper corrections.

Soon (SOON)

SOON is facing heavy selling pressure, dropping as much as 67% this week and currently trading around $0.88 after breaching the key $1.00 support level. The downward pressure is compounded by more than 15.21 million SOON, equivalent to $13.4 million, expected to be unlocked this weekend, increasing supply and negatively impacting market sentiment.

The new supply combined with bearish signals from the Parabolic SAR indicator could intensify selling pressure. If momentum continues to weaken, SOON could fall below $0.76 and potentially slide down to the $0.47 range. This decline would deepen losses, reflecting the fragility of the market for this altcoin.

PhSOON price analysis | Source: TradingView

However, if investors see this as a buying opportunity, SOON could recover from the $0.76 support zone. A rebound could push the price above $1.04 and target $1.39 or higher. This move would help partially reverse recent losses while weakening the current negative outlook.

Wiki Cat (WKC)

WKC has emerged as one of the top-performing meme coins over the past week, currently trading at $0.000000000103. Although the value per token is very small, WKC still maintains a market cap of up to $51 million with more than 151,600 holders, reflecting strong community support and sustained network activity.

In the past week, WKC has grown by 52%, supported by significantly improved fundamentals. The Squeeze Momentum Indicator shows positive bullish momentum, with the potential for strong volatility. If buyers maintain control, WKC’s price could break through the $0.000000000126 resistance and reach the $0.000000000151 zone.

PhWKC price analysis | Source: TradingView

On the other hand, if bullish momentum weakens, WKC may not sustain its gains. A drop below the $0.000000000099 support would put the token at risk of correcting down to the $0.000000000076 area, erasing most of its recent gains and invalidating the positive trend.

Mr. Giao