As August draws to a close, the weekend approaches with an air of anticipation in the cryptocurrency market. This month has been particularly volatile for cryptocurrency enthusiasts. Commencing with a downturn, temporary uplift accompanied by PPI data, and concluding with a decline triggered by Fed member Cook’s opposition, investors now brace themselves. What are the dollar targets for BNB, SOL, ALGO, and W Coin this weekend?
Targeting ALGO and W Coin
In a recent analysis, Michael Poppe highlighted these two altcoins. At the time of writing, altcoins faced losses nearing 5%, and BTC was violating the $108,000 support level. This weekend might present directionless or downward movement unless an unexpected event occurs, combining with a lack of liquidity.
An analyst, sharing the current chart of W Coin, suggested that potential investors should consider evaluating the current region. Sherpa and other analysts also regard current altcoin levels as favorable long-term opportunities.
“One of the best for accumulation and holding. I anticipate a significant breakout and trend change once it surpasses the 20-W EMA. Currently, there are significant news events and numerous positive developments. I’m simply accumulating.” – Poppe
For an upward rally, the target is $0.18, whereas a downward shift might revisit the $0.08 to $0.07 range. Despite Poppe’s optimism, the consistent downtrend and inability to aim for election rally levels is perplexing. While many altcoins target these rally levels, W Coin seems dormant all year.
This week, ALGO made significant market-making advancements, beneficial for liquidity. The analyst noted that this weekend provides an excellent accumulation opportunity for ALGO.
“Honestly, beneath the 20-W EMA, it’s a fantastic accumulation opportunity before heading towards $1.”
BNB and SOL Coin Prospective Paths
Among major altcoins, BNB Coin almost hit the $1,000 mark. However, maintaining above the July peak is reassuring. Preserving the $844 and $825 levels is significant for constraining short-term downside. With a $1 billion BNB reserve move and CFTC’s global accessibility initiative for U.S. investors, BNB/Binance has favorable prospects in the short term, making $1,000 an achievable target.
The weekend’s pivotal point will be the bulls’ reaction to support tests and BTC’s ability to maintain the $108,000 level.
SOL Coin is on the verge of further decline. Solana 
$93 bulls hit a wall at $214 and now aim for $189. Although speculative rises might occur to thwart high-leverage short sellers, the expected scenario is SOL Coin declining to the $189-$182 price range as BTC weakens.
