3 Altcoins to Watch in the Second Week of February 2025 | Airdrop Alert Pro

The crypto market has had limited favorability for the Bulls over the past week. However, some Altcoins continue to register for benefits driven by external development. Others maintained an upward trend, closer to their all-time highs.

Beincrypto has identified three major altcoins that have the ability to make major moves over the next seven days.

Avalanche (AVX)

avax preparation Important volatility This week, 1.67 million Avax tokens worth more than $42.5 million will be unlocked. Token unlocking events often affect price movements when additional liquidity is introduced.

Historically, Avax has seen bullish momentum before the major unlocking events, as traders expect increased activity. Currently, Altcoin is trading at $25.44, just 5% away from resistors over $26.95. If this level is taken back as support, Avax could gather at a critical barrier of $31.15, thus strengthening investor confidence.

However, failure to break through $26.95 could trigger a bearish reaction. If the token unlock does not create enough buying pressure, Avax may drop To $22.70. Further declines below this support may prolong the loss, shifting sentiment to caution and delaying any potential recovery in the short term.

Spell (if)

OM is still elastic In bearish market conditions, rapid corrections are avoided. Altcoin currently trades at $6.15, showing strong price stability. This performance is different from other cryptocurrencies that work to maintain critical support levels.

OM supports $5.65, and now it has an all-time high (ATH) of $6.48 less than 5%. Altcoin seems ready to break this barrier, with a new ATH likely to form this week. Strong buying pressures and favorable market conditions may drive further gains, thereby attracting more investors.

However, a decline below $5.65 may invalidate the bullish outlook. If sales pressure increases, OM may drop below $5.00, indicating a change in momentum. Such a move can undermine investor confidence, delay any potential recovery in the short term, and push the price toward a bearish phase.

Thorchain (rune)

Runes already have experience Boost momentum this week is driven by the upcoming V3.20 issuance. This update will permanently retire the “Mimir” key, which has long been a point of debate within the Thorchain community.

With the community’s strong support for the update, the price of runes can take advantage of bullish sentiment. If the purchase pressure increases, the cryptocurrency may break through the $1.39 resistance and gather it to $1.70. This move will mark a 30% increase, strengthening the The long-term development of Thorchain and governance improvements.

However, failure to violate the $1.39 resistance could curb bullish momentum, leading to potential price drops. If sales pressure increases, runes may drop to $1.11, delaying recovery from work. This situation may change market sentiment, prompting investors to engage in cautious trading behavior in the short term.