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3 Altcoins to watch this weekend — December 5–6

This weekend presents a varied landscape for altcoin traders, where network upgrades, security resilience, and pure speculation paint three distinct risk-reward profiles. THORChain (RUNE), Aerodrome Finance (AERO), and Pippin (PIPPIN) are each at critical junctures, driven by fundamental developments and technical patterns that could dictate their short-term trajectories.

THORChain (RUNE): A Technical Catalyst for Momentum

All eyes are on THORChain as its scheduled network upgrade, version 3.14.0, is set to go live. Such upgrades, which include performance fixes and improvements, often bolster investor confidence and can catalyze short-term rallies by reinforcing network stability. From a technical perspective, RUNE is showing promising signs. The Parabolic SAR indicator is positioned below the price candles, signaling an active uptrend. This constructive setup suggests that if bullish momentum builds following the upgrade, RUNE could challenge immediate resistance at $0.687. A decisive break above this level may open a path toward $0.717 or even $0.765. However, traders should be cautious; failure to hold momentum could see a retracement toward the $0.644 support level.

Aerodrome Finance (AERO): Rebuilding Trust After a Breach

Aerodrome Finance is navigating the aftermath of a significant security incident. In late November, the leading Base network DEX suffered a DNS hijacking attack where its official domains were compromised and redirected to phishing sites, leading to user fund losses. While the platform’s smart contracts and liquidity remained secure, the breach highlighted critical vulnerabilities in Web2 infrastructure. The token’s price has shown resilience, recovering from the $0.596 support level to trade near $0.683. The key narrative this weekend is the project’s announced domain restoration and relaunch on new infrastructure, which aims to restore user confidence. For bullish continuation, AERO must reclaim the $0.718 resistance. Success could propel it toward $0.814, while a failure might trap it in a range or lead to a test of lower supports.

 

Pippin (PIPPIN): Riding the Wave of Speculative Frenzy

Pippin represents the high-octane, high-risk segment of the market. The token has been one of the week’s top performers, rallying 194% in seven days on concentrated retail interest and viral momentum. However, beneath the explosive growth are significant concerns. On-chain data reveals that approximately 50% of PIPPIN’s supply is controlled by coordinated wallets, which executed synchronized buys to drive the price. This concentration creates a high risk of violent price swings if these major holders decide to exit. Currently trading at $0.181, PIPPIN faces immediate resistance at $0.193. A breakout could see it target $0.255, but the primary threat is widespread profit-taking, which could trigger a sharp retracement toward $0.136.

In summary, this weekend offers a spectrum of opportunities defined by different theses: a protocol upgrade for RUNE, a security recovery story for AERO, and speculative momentum for PIPPIN. Traders should align their strategies with these underlying drivers, prioritizing strict risk management, especially for tokens like PIPPIN where fundamentals are eclipsed by market mechanics and coordinated actor influence.

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