3 notable altcoins this weekend (28/3 – 29/3)

Altcoin is entering a sensitive phase with the potential for decisive fluctuations this weekend. Some coins have recorded impressive gains and are currently maintaining an accumulation state above key support zones, while others are approaching structural support levels. Below are three noteworthy altcoins, according to analysis from Coinphoton.

Memecore (M)

Memecore started the week around $1.60, surged to $2.53 on March 25 before correcting down to $1.74. Currently, the price has recovered to $2.09, staying above the Fibonacci level of 0.618 at $2.02 — a support zone that has been tested twice after the breakout and has held firm.

Notably, the correlation coefficient with Bitcoin has dropped to 0.00, from nearly 0.50 at the beginning of the week, and is trending towards negative. This implies that Bitcoin’s upward momentum is no longer supporting Memecore and could even exert downward pressure. Conversely, a scenario of Bitcoin weakening could act as a catalyst for M.

Memecore price analysis | Source: TradingViewThe upward trend remains intact if the price closes above $2.02. In that case, breaking above $2.29 will open up targets at $2.45 (Fibonacci 1.236) and $2.63 (1.5 extension). Conversely, a close below $2.00 and continuing to lose the $1.94 mark (Fibonacci 0.5) will trigger the risk of deeper declines, targeting $1.76 (0.236).

Banana For Scale (BANANAS31)

BANANAS31 started the week at $0.0093, moving sideways for several sessions before breaking out on March 21, recording a 50.57% increase to $0.0138 two days later. Since then, the price has entered an accumulation phase within the range of $0.0130–$0.0161, stabilizing above the Fibonacci level of 0.618 at $0.0134. Trading volume reached 147.8 million, reinforcing the validity of the breakout.

The MFI indicator is currently at 71.22, approaching the overbought zone but not yet at extreme levels. Notably, throughout the accumulation process, the MFI has only slightly adjusted from a peak near 80, indicating that buying pressure has not been exhausted. The Fibonacci levels above establish a potential upward path including $0.0161 (1.0), $0.0178 (1.236), and $0.0196 (1.5).

BANANAS31 price analysis | Source: TradingViewThe bullish scenario is maintained if the price holds above $0.0134. A bounce from this zone will confirm accumulation in the direction of continuing the upward trend, with the nearest target being $0.0161. Conversely, a close below $0.0125 (Fibonacci 0.5) will weaken the structure, opening the possibility of returning to the support zone of $0.0090.

Worldcoin (WLD)

Worldcoin is a case that demonstrates a clear weakening trend. Since the beginning of March, the price has continuously declined from the $0.406 range without any significant recovery. Measurement data shows a decrease of 30.32% from $0.395 to $0.2787, with the next decline of 5.04% heading towards the historical bottom at $0.2640.

The CMF indicator has remained negative throughout March and is currently at -0.25 — the lowest level on the chart. This reflects that money is flowing out at an increasing rate, with no signs of stabilization. Meanwhile, the price has broken below the Fibonacci 1.5 level at $0.2972, opening up the next target at $0.2483 (2.0 extension), lower than the historical bottom.

WLD price analysis | Source: TradingViewThe bearish scenario remains dominant with the nearest target being $0.2640. If the price closes below this range, the market will enter a technically “support-less” state. Conversely, to negate the downward trend, the price needs to recover and close back above $0.2972. In that case, the levels of $0.3230 and $0.3461 will become the next recovery targets — however, this is unlikely to occur if the CMF has not shifted to the positive zone.