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Top 3 Altcoins to Watch This Week: Is It Time to Buy These Altcoins?
Investors are seeking altcoins with solid fundamentals and short-term gain potential as the cryptocurrency market continues to show signs of renewed enthusiasm this summer. Three altcoins—Celo, Dogecoin (DOGE), and Immutable (IMX)—are drawing attention in the second week of July 2025 as a result of recent advancements, changes in market sentiment, and increasing on-chain activity. Whether you’re a long-term investor investigating fascinating ecosystems or a trader hoping to profit from volatility, these three altcoins require a closer look as the week goes on.
IMX Correlation With Bitcoin Could Spark Rally Past Resistance Levels
IMX is now trading at $0.4127 after a difficult week. This occurs in front of a big token unlock that is planned for this week, when 24.52 million IMX, or $10.28 million, will go into circulation. The increase in supply may boost liquidity, which might have an immediate effect on price dynamics.
The price movement of IMX and Bitcoin has a strong association, as indicated by their 0.85 correlation coefficient. There may be upward momentum for IMX as Bitcoin keeps moving up toward its record high. The altcoin may see increased demand if the trend continues and IMX breaks through resistance levels of $0.432 and $0.490.
Isthmus Mainnet Launch Could Ignite a Rally for CELO This Week
The Isthmus mainnet release, scheduled for this week, will be advantageous for CELO. Key advancements in scalability, interoperability, and fault-proof security are promised in this version, which might strengthen CELO’s network and draw in additional investors. The price of the altcoin may soon rise as a result of these changes.
The price of CELO is probably going to increase because the Parabolic SAR shows an active uptrend. The altcoin may surpass the present resistance levels of $0.282 and $0.298 as a result of this positive trend. CELO may experience a spike in demand if the upward trend persists, pushing its price higher. CELO may experience selling pressure, though, if the positive momentum wanes.
Elon Musk’s America Party Fuels Dogecoin Hype: Will DOGE Break $0.175?
Dogecoin is currently trading at $0.1688, just managing to stay above this level of support. The recent establishment of Elon Musk’s own political party, the America Party, has drawn attention to the meme coin. This development might affect investor sentiment, which could have an effect on Dogecoin’s price movement in the days ahead.
Dogecoin may experience more growth if Musk’s activities generate fresh interest in meme coins. Dogecoin may be able to overcome the $0.175 barrier with the support of the MACD indicator, which indicates growing positive momentum. The price might drop to $0.182 if the breach is successful, which might increase demand for the altcoin. However, Dogecoin can experience a sharp decline if its price is unable to maintain the $0.169 support level.
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[…] significant trend reversal can occur. Additionally, the negative bias is further supported by the Parabolic SAR. Since early October, SAR dots have not turned bullish and are still above the price. Upside […]