3 altcoins stand out heading into the weekend. Zcash (ZEC), Hyperliquid (HYPE), and Flare (FLR) all show bullish technical setups on their daily charts.
Each chart presents a different structure, from Fibonacci retests to falling wedge breakouts. Traders and analysts on X have flagged these three as the most compelling altcoin setups for the next 48 hours.
Zcash (ZEC) Defends 0.618 Fib Support Near $534
Zcash (ZEC) trades at $531.26, up 1.83% in the past 24 hours. The daily chart on Binance shows a clear Fibonacci structure framing the rally from $185.
Resistance sits at the 0.786 retracement near $629, with support at the 0.382 level at $400. Price now retests the 0.618 Fib at $534, the same area that capped the December 29 swing high.
A successful confirmation of this zone as support could fuel another leg toward $629. However, the Relative Strength Index (RSI) is descending on the daily timeframe.
In contrast, the Moving Average Convergence Divergence (MACD) has crossed bearish, indicating momentum is fading. Therefore, the next few sessions could decide whether the uptrend extends or a deeper correction sets in.
X analyst @0xifreqs identified the $380 demand zone as the rally launch pad. Meanwhile, the trader flagged $610 as the key consolidation ceiling above the current price.
“$ZEC had one of the cleanest reclaim moves lately. Price exploded from the $380 demand zone and is now consolidating right below the $610 resistance. As long as the higher low structure holds, momentum still looks strong. A clean breakout above $610 could open the door for another expansion leg fast.”
Hyperliquid (HYPE) Breaks 0.618 Fib at $44.50 With Eyes on $48
Hyperliquid (HYPE) trades at $45.23, up 12.17% in the past 24 hours. The daily chart on KuCoin shows the token breaking out from the 0.618 Fibonacci retracement at $44.50.
Price has bounced off an ascending trend line stretching from the January low, confirming it as dynamic support. Meanwhile, the Bollinger Band Width (BBW) indicator suggests expanding volatility, while the RSI is trending higher near 60.
However, volume remains contracted, suggesting the move still needs confirmation. A volume spike on the next session would validate continuation of the bullish structure.
X trader @hami8040 views the next resistance level as decisive for the next leg up.
“$HYPE testing key resistance . Break above $48 and this could rip toward $60+ fast Bullish structure + momentum building”
The analyst’s chart highlights horizontal support zones at $30, $20, and $10. A bullish projection points toward the all-time high near $59 and beyond if $48 gives way.
