Altcoins surge with Avalanche up 8% Injective and DeXe gain momentum
As the crypto market continues to evolve, altcoins are increasingly capturing the spotlight. With Bitcoin and Ethereum maintaining their positions, several altcoins are showing significant potential for growth. This week, five altcoins in particular are demonstrating strong momentum and bullish chart patterns, making them standout candidates for investors to watch.
Avalanche (AVAX) is one of the altcoins gaining traction. After a period of sideways movement, avax has seen an 8% daily increase, indicating renewed interest. This surge could be linked to upcoming subnet launches and overall ecosystem growth. If AVAX can surpass the $22 mark with substantial volume, it may quickly rise to the $26–$28 range.
Injective (INJ) is another altcoin showing promise. It has quietly built a solid foundation and is now breaking out. The growing hype around AI and cross-chain finance integrations is driving INJ's momentum. The next resistance level for inj is at $14.00, and if this barrier is breached, momentum traders may flood in, pushing the price higher.
Pudgy Penguins (PENGU) is riding a wave of meme coin popularity. With strong community engagement and upcoming nft drops, PENGU is poised to retest recent highs. The $0.012 zone is a key level to watch; if PENGU breaks through, it could quickly reach $0.015.
DeXe (DEXE) is quietly outperforming the market with nearly 26% weekly gains and a low market cap. This DeFi governance protocol is attracting attention, and if the price breaks above $11, the next target could be $13 or higher.
Worldcoin (WLD) is also back in motion after a slow week, bouncing off key support levels. Despite controversies surrounding biometric data, WLD's global expansion and integration into AI projects make it a coin to watch. If WLD holds above $1.10, a breakout to $1.30 is possible.
In summary, the altcoin market is showing signs of renewed vigor, with several coins demonstrating strong potential for growth. Avalanche, Injective, Pudgy Penguins, DeXe, and Worldcoin are leading the charge, each with unique factors driving their momentum. Investors looking to capitalize on the altcoin resurgence should keep a close eye on these five coins as they navigate the coming week.