![After witnessing dreadful days in 2022 fueled by multiple fallouts and bankruptcies, the crypto space now appears to have ignited a strong recovery phase. Bitcoin price appears to have gained significant strength while the altcoins also seem to be poised to lead a magnificent run in the coming days. Hence, much prior to the Altseason 2023, the whales and traders appear to accumulate the altcoins at the discounted rate. Ever since the beginning of 2023, Bitcoin price has gained significant momentum and hence maintains an elevated trend. However, other altcoins like AAVE, MATIC & DYDX have also gained significant attention. As per Santiment, these altcoins have also witnessed a notable rise in Whale transactions in the past 30 days. Therefore, the on-chain data provider cautioned to have a close look at these assets saying, “AAVE (+56% 30d price), MATIC(+35%) and DYDX (+94%) have all seen dramatic rises in the amount of whale transactions on their respective networks over the past month. The increased large address interest in these assets should be watched,” Besides, the traders who were quite pessimistic, a few days before, now appear to have turned extremely bullish on some altcoins. As per a popular analyst, Micheal van de Poppe, traders are now heavily accumulating Aptos, Fantom and Polygon. https://twitter.com/CryptoMichNL/status/1618618698872549381 Coinpedia had reported earlier that the money flow from the large-cap is happening to the lesser known-small cap tokens. Moreover, the intensified whale accumulation and a shift of focus of the traders to the altcoins, indicate the resurgence of a bullish trend, mainly, at the beginning of AltSeason 2023.](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2023/04/crypto-market-analysis-top-3-altcoins-to-closely-watch-this-weekend.png)
The crypto space appears to be in the midst of a significant upswing as the bulls appear to have relaxed a bit after pushing the prices higher. Meanwhile, the total crypto market cap is approaching the crucial $1.28 trillion level with a slight drop in BTC dominance. This could keep the altcoins in the mainstream, but some of them require more attention.
Arbitrum (ARB)
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2023/04/crypto-market-analysis-top-3-altcoins-to-closely-watch-this-weekend-1.png)
- ARB price, in the past few days, is following the lower trend line which is acting as a strong base in case of a bearish action
- The price hits the upper band of the Bollinger bands, drops below the average levels and rebounds to test the upper band again
- After the recent rejection, the price is approaching the average levels of the band, after which a giant upswing is imminent
Fantom (FTM)
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2023/04/crypto-market-analysis-top-3-altcoins-to-closely-watch-this-weekend-2.png)
- The Fantom price with the recent price jump, sliced through the bearish trade setup and jumped high
- The price is currently testing one of the major resistance levels, clearing which may trigger a significant upswing toward the first target at $0.57
- However, bearish interference appears to be slightly high at these levels but as the ADX is bullish, the price may continue rising high to reach the interim target at $0.64
Optimism (OP)
![](https://wordpress-1016567-4521551.cloudwaysapps.com/wp-content/uploads/2023/04/crypto-market-analysis-top-3-altcoins-to-closely-watch-this-weekend-3.png)
- Optimism price appears to be extremely bullish as the price is heading high to breach the upper resistance
- While the ADX has just shown a bullish divergence, the possibility of breaching beyond the symmetric triangle appears
- However, a minor pullback within the triangle may also be imminent and compel the price to reach the apex and trigger a bullish breakout
Besides, popular altcoins like BinanceCoin, Polygon, Solana, Dogecoin, etc, and many more appear to be waiting for the next Bitcoin price action. Therefore, if the BTC price triggers the next bullish move, these altcoins tend to follow. However, the above-mentioned altcoins, Arbitrum, Optimism, and Fantom may come out as the biggest hold for the next bull run.
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- Source: https://coinpedia.org/altcoin/crypto-market-analysis-top-3-altcoins-to-closely-watch-this-weekend/
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