• Filecoin prepares a major announcement that could trigger strong volatility, with price poised for recovery or extended decline based on sentiment.
• Zilliqa approaches its mainnet upgrade, improving network liveness and staking flexibility, potentially lifting momentum if traders respond positively this week.
• Avalanche readies its Granite upgrade, with MACD showing early strength as AVAX attempts recovery after weeks of persistent downward pressure recently.

The crypto market is entering a period of uncertainty. There is no clear direction as to whether the market will witness an altcoin season or not. As a result, the altcoins are leaning more towards external developments and catalysts to chart a path for the price action.

BeInCrypto has analysed three such altcoins that have notable developments coming their way this week.

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Filecoin (FIL)

Filecoin is preparing for a major announcement this week, and the lack of details has increased market anticipation. The news is expected to be impactful, leaving FIL at a crossroads where the token could either recover sharply or extend its ongoing decline, depending on investor reaction.

FIL trades at $1.99 after falling 41% in the past 10 days. The price briefly slipped below $2.00, signaling intense selling pressure. If the announcement sparks bullish sentiment, FIL could rebound from $2.00 and climb past $2.26 and $2.63, signaling the start of a recovery phase.

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If sentiment turns bearish, FIL may continue to slide toward $1.68, invalidating any near-term bullish outlook. A breakdown under that level could expose the token to a deeper decline toward $1.46.

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Zilliqa (ZIL)

ZIL is trading at $0.0069 after a 13% weekly decline, sitting just below key resistance. The Parabolic SAR signals strength in an emerging uptrend, suggesting Zilliqa could attempt a recovery if buying pressure builds and sentiment improves across the broader market.

Zilliqa’s upcoming 0.19.0 Mainnet Upgrade introduces more flexibility for stakers and improved network liveness. These enhancements may support a price move toward $0.0074 and, if momentum holds, a climb to $0.0082 as traders respond to the network’s strengthened fundamentals.

If the bullish response fails, ZIL may drop to $0.0063, extending its recent decline. A breakdown below that level could expose the token to further losses toward $0.0058, invalidating the bullish outlook and increasing downside risks for holders.

Avalanche (AVAX)

AVAX trades at $15.61 after a month-long downtrend, but the MACD shows slight bullish momentum. The indicator has prevented a bearish crossover, suggesting sellers are losing strength as Avalanche attempts to stabilize above key support levels.

Avalanche’s upcoming Granite upgrade marks a major step in enhancing the network’s performance. This release could attract renewed interest and push AVAX above $16.25. Sustained momentum may allow a move toward $18.27, breaking the downtrend line and signaling a stronger recovery.

If market conditions weaken and AVAX falls through the $14.89 support, bearish sentiment may intensify. A decline to $13.40 would invalidate the bullish outlook and expand downside risks, especially if the upgrade fails to drive meaningful demand.

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