Crypto markets remain volatile heading into the weekend, with sharp price swings reshaping short-term outlooks across major altcoins. As investors react to broader market uncertainty, identifying assets at key technical levels becomes critical.
BeInCrypto has analysed three such altcoins that could be reaching critical points going into the weekend.
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Dogecoin (DOGE)
Dogecoin price has dropped 32% over the past two weeks, reaching $0.114 at the time of writing. The meme coin is holding slightly above the $0.113 support level. This move marks a three-month low, reflecting sustained selling pressure and weak short-term demand.
DOGE requires close monitoring due to its strong correlation with Bitcoin. The correlation coefficient currently stands at 0.92, indicating closely aligned price behavior. As a result, Dogecoin is likely to mirror Bitcoin’s direction. The outcome will largely depend on how global markets close on Friday.
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DOGE Price Analysis. Source: TradingViewA bullish shift in momentum could allow Dogecoin to rebound toward $0.122 and $0.128. Clearing those levels would open a path to $0.142. However, continued bearish pressure could force DOGE below $0.113. In that scenario, the meme coin may slide further toward $0.108.
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Stable (STABLE)
STABLE price has surged 81% over the past two weeks, trading near $0.0262 at the time of writing. The strong rally also pushed the altcoin to a new all-time high of $0.0325. This rapid appreciation reflects rising demand and growing speculative interest among short-term traders.
The altcoin’s consistent upward momentum is likely to extend into the weekend. STABLE remains roughly 24% below its all-time high, leaving room for further gains. The Chaikin Money Flow remains in positive territory, signaling strong inflows. Sustained capital entry often supports continuation moves during high-momentum phases.
STABLE Price Analysis. Source: TradingViewDownside risk emerges if investor sentiment shifts abruptly. A reversal in positioning could pressure the STABLE price toward $0.0214. Stronger selling could extend losses to $0.0174. Such a move would invalidate the bullish thesis and signal profit-taking after the recent rally.
Polygon (POL)
Polygon has become the worst-performing altcoin this week, with its price sliding toward its all-time low of $0.0985. POL is now less than 12% away from that level. Persistent selling pressure and weak demand have increased downside risk, keeping investors cautious as the price approaches critical territory.
The all-time low was set on the first day of the year, followed by a sharp 76% rebound. That rally proved unsustainable. POL later dropped 37%, settling near $0.111 at the time of writing. Holding above $0.110 offers limited relief but does not confirm a trend reversal.
POL Price Analysis. Source: TradingViewA recovery remains possible if investor support suddenly strengthens. Should POL attract fresh demand, a bounce could follow. Reclaiming $0.138 would invalidate the bearish thesis. Such a move would signal renewed confidence and place Polygon back on a recovery path after weeks of sustained weakness.
Source: https://beincrypto.com/altcoins-to-watch-this-weekend-january-31-february-1/
