November has been dominated by all-time highs, spearheaded by the crypto king, Bitcoin. While numerous coins are reaching new peaks, others, though not hitting ATHs, have significant developments on the horizon. These events could potentially spark rallies and notable gains for their native tokens in the coming days.

BeInCrypto has identified three altcoins to watch this week, each poised for upcoming milestones that may drive their performance.

Aptos (APT)

Aptos is currently trading above the critical level of $10.92, aligning with the 61.8% Fibonacci Retracement line, often referred to as the bull market support floor. This level plays a vital role in maintaining the cryptocurrency’s bullish sentiment.

This week marks a significant milestone for Aptos as Bitwise prepares to launch the world’s first Aptos Staking ETP. This exchange-traded product will aim to stake the Aptos held by the fund, potentially driving increased interest and demand, which could lead to a surge in price.

If momentum builds, Aptos could break past the resistance at $14.05, signaling continued growth. However, should the market sentiment shift, a drop below $10.92 could invalidate the bullish outlook, pushing the price toward $9.15 and raising concerns among investors.

Floki (FLOKI)

FLOKI has surged by 128% over the past two weeks, with its price currently trading at $0.0002670. The meme coin’s uptrend could extend further if it successfully breaches the resistance at $0.0002776, setting the stage for continued gains.

The anticipated collaboration between Floki and Animoca Brands’ Forj, set to launch the $MONKY memecoin on November 21, 2024, adds to the bullish sentiment. This initiative, supported by partnerships with ApeCoin and Bored Ape Yacht Club, has created excitement among investors and could fuel additional price increases.

If the momentum from this launch propels FLOKI further, the meme coin may reach $0.0003138. However, losing the key support level at $0.0002568 could lead to a correction, pulling the price down to $0.0002108 and invalidating the current bullish outlook.

Zcash (ZEC)

Zcash (ZEC) has risen by 25.5% in the past four days, currently trading at $46.16. The cryptocurrency aims to breach and flip $46.24 into a support floor, which could enable a rally toward $50.00. Sustaining this momentum is crucial for ZEC’s continued upward trajectory.

The upcoming Network Upgrade 6 (NU6), scheduled for around November 23, is expected to bring significant updates to the Zcash network. This deployment could further fuel bullish sentiment and drive a potential price increase as the market reacts to these developments.

Should ZEC capitalize on this momentum, surpassing $50.00 becomes a strong possibility. However, a drop below the key support level of $40.76 could invalidate the bullish outlook, potentially resulting in a notable correction and losses for investors.

About one week ago, Dogecoin’s (DOGE) price hit $0.43, but it has since fallen to $0.37. Despite the decline, it appears that Dogecoin holders are not resorting to selling, suggesting heightened conviction about the meme coin’s potential.

This sentiment could imply that DOGE’s price is ready for the next leg up. Here is why.

Dogecoin Investors Stick to HODLing Instead of Taking Profits

It’s been seven days since Dogecoin’s price hit a yearly high. Despite dropping since then, data from IntoTheBlock shows that the Coin Holding Time has increased by over 100%.

The Coin Holding Time indicators measure how long a cryptocurrency has been held without being transacted or sold, providing insights into investor behavior. When it decreases, it means that holders are selling, and the price might decrease.

However, since the holding time climbed, most Dogecoin holders have refrained from transacting their coins. This is typically a bullish sign, and if this remains the same, the cryptocurrency’s value might continue to rise.

Beyond that, on-chain data from Santiment shows a notable drop in Dogecoin circulation. Circulation shows the number of coins involved in transactions within a given period.

In most cases, when this metric increases, it means selling pressure has potentially increased. However, for DOGE, the circulation has dropped from 5.88 billion to 969.06 million as of this writing. 

Like the Coin Holding Time, the decrease in circulation is a bullish sign, indicating rising buying pressure. If this decline continues, DOGE’s price could bounce higher than $0.37.

DOGE Price Prediction: Major Bounce Likely

Once again, Dogecoin has formed a bull flag on the 4-hour chart. The last time this happened, DOGE’s price rallied by more than 100%.

A bull flag is a continuation pattern that signals a likely continuation of a price uptrend following a brief pullback or consolidation. When the price breaks out of the pattern, it typically resumes its upward trajectory.

Considering this outlook, Dogecoin’s price is likely to climb above $0.50 in the short term. However, if Dogecoin holders begin to sell, this might not happen. In that case, the meme coin could drop below $0.30.

Cardano (ADA) has seen steady gains over the past two weeks, reaching a two-year high of $0.81 on November 16 before experiencing a slight pullback. It currently trades at $0.75, marking a 5% decline since its peak.

An analysis of its on-chain and technical indicators suggests that this downturn could continue, potentially hindering its ability to reclaim the $1 level — a milestone last reached in 2022.

Cardano Holders Sell For Gains

BeInCrypto’s assessment of Cardano’s exchange netflow has shown a spike in inflows over the past 24 hours, indicating profit-taking activity. As of 9:16 UTC on Monday, data from Coinglass shows that the altcoin has recorded net inflows totaling $7.21 million.

Higher exchange inflows suggest that coin holders are transferring their assets to exchanges to sell, leading to increased selling pressure and downward price movement.

Moreover, the decline in ADA’s trading volume over the past 24 hours confirms this bearish outlook. While the Cardano coin price surged by 7%, its trading volume dropped by 57% during that period. 

When an asset’s price climbs while the trading volume decreases, it suggests that fewer buyers are participating in the market, and the upward momentum may not be as strong as it appears. This indicates market participants’ loss of interest or a lack of conviction, as many prefer to sell for profit.

Notably, on Monday, transactions involving ADA have been significantly profitable. Per Santiment’s data, the ratio of daily on-chain transaction volume in profit to loss currently sits at 3.35, its single-day highest value since June 2020. 

This means that for every ADA transaction ending in a loss, 3.35 transactions have yielded a profit. This high profit-to-loss ratio signals a potential sell opportunity for Cardano traders aiming to realize gains. It potentially increases the downward pressure on the coin’s price.

ADA Price Prediction: Further Decline on the Horizon

At press time, Cardano is trading at $0.75, shy of its two-year peak of $0.81. If buying pressure continues to wane, the coin’s price could retreat further, seeking support at $0.69. A failure by the bulls to defend this level might push the Cardano coin price even lower, potentially to $0.61.  

Conversely, a shift in market sentiment and renewed demand for ADA could see its price reclaim the $0.81 high and rally beyond it.