Three US-Based Altcoins to Watch in the Coming Week

The past week has been favorable for cryptocurrencies originating from the United States. This positive momentum is largely due to the successful advancement of several major legislative bills aimed at regulating the crypto space.

A significant milestone was achieved when former President Trump signed the GENIUS Act, marking the first federal cryptocurrency legislation in the US to regulate stablecoins. Against this backdrop of encouraging developments, the editorial team at BeInCrypto highlights three US-based altcoins that could continue their upward trajectory in the upcoming week.

Constellation (DAG) Shows Strong Bullish Momentum

Constellation (DAG) emerged as one of the leaders this week, gaining 14% over the past 24 hours at the time of writing. This bullish momentum is supported by positive market sentiment. The Parabolic SAR indicator points remain below the price candles, confirming an active uptrend for DAG. If this bullish trend persists, the token may test resistance levels at $0.045 and potentially move towards $0.052.

However, a shift to a bearish market could challenge DAG’s price, possibly pushing it down to $0.038. Failure to maintain its upward momentum would invalidate the bullish forecast and signal a potential reversal for the altcoin.

Helium (HNT) Approaches Critical Resistance

Helium (HNT) experienced a 33% growth over the week, nearing a two-month high. The altcoin currently faces key resistance at $4.18, a level it was unable to break through in May. A successful breach of this barrier could pave the way for continued price growth.

The Chaikin Money Flow (CMF) indicator reveals strong capital inflows into HNT, surpassing those observed in May, which reflects rising investor confidence. This could aid HNT in overcoming the resistance at $4.18 and reaching new highs.

Nonetheless, the risk of a sell-off remains. Should HNT fail to hold the $3.83 support level, a decline toward the next support at $3.13 may occur. Falling below this threshold would negate the current bullish outlook and possibly trigger a correction.

Pudgy Penguins (PENGU) Nears All-Time High

The popular meme coin Pudgy Penguins (PENGU) gained 43% over the week, drawing closer to its all-time high of $0.046. To reach this milestone, strong investor backing is essential. Recently, PENGU has shown steady growth as it attempts to break through resistance at $0.040. If this level is secured as support, the price could clear the path toward $0.046 and sustain its bullish momentum.

On the other hand, if the optimistic scenario fails to materialize, PENGU might undergo a correction and settle above the support at $0.029. In that case, the bullish sentiment would weaken, and the price could come under selling pressure.