3 Altcoins to Watch This Weekend | February 7 – 8

As the weekend approaches, select altcoins are flashing early signals that could define short-term price action. From renewed bullish momentum to deep drawdowns hinting at exhaustion, the market is offering a mixed technical outlook. BeInCrypto has analysed three such tokens that the investors should watch going into the weekend. Decred (DCR) Decred has produced a strong bullish expansion, rallying sharply to $24.70 after reclaiming the $20.22 pivot. The impulsive candle confirms buyers regaining control following a higher-low structure above $17.45. This move shifts short-term momentum decisively bullish after a prolonged consolidation phase. Holding above $22.84 keeps upside momentum intact, with $25.94 as the next key resistance. A daily close above $25.94 would open a move toward $30.06. Notably, DCR shows a weak negative correlation of -0.09 with Bitcoin, suggesting relative insulation from broader BTC volatility. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. DCR Price Analysis. Source: TradingView The bullish scenario is invalidated on a daily close below $20.22. A failure there would shift momentum back to neutral and expose $18.79. Losing $17.45 would fully break the higher-low structure and confirm a return to broader downside or prolonged consolidation. Polygon (POL) POL extended losses, setting a new all-time low at $0.0839. The altcoin briefly plunged 22.8% before recovering part of the drop. It closed the session down 12.8%, reflecting persistent selling pressure and weak market confidence as POL continues to struggle for a stable price base. On-chain signals offer cautious optimism. The Chaikin Money Flow is forming a bullish divergence with the POL price, indicating declining outflows despite continued weakness. This shift suggests improving demand beneath the surface, which could help POL reclaim $0.1024 and extend a recovery toward the $0.1193 resistance. POL Price Analysis. Source: TradingV...