Three Altcoins to Watch This Week: Aptos (APT), Floki (FLOKI), and Zcash (ZEC)

November has been dominated by all-time highs, spearheaded by the crypto king, Bitcoin. While numerous coins are reaching new peaks

BeInCrypto presents three altcoins to keep an eye on this week. Each of these coins is gearing up for upcoming milestones that could significantly impact their performance.

Aptos (APT) recently crossed a crucial threshold, trading above $10.92, which aligns with the 61.8% Fibonacci Retracement line, also known as the bull market support floor. This level is critical for maintaining the cryptocurrency’s bullish momentum.

A significant event on the horizon for Aptos is the launch of the world’s first Aptos Staking ETP by Bitwise on November 21, 2023. This exchange-traded product will stake the Aptos held by the fund, potentially driving increased interest and demand, which could lead to a surge in price.

If momentum builds, Aptos could break past the resistance at $14.05, signaling continued growth. However, should the market sentiment shift, a drop below $10.92 could invalidate the bullish outlook, pushing the price toward $9.15 and raising concerns among investors.

Floki (FLOKI) has seen an impressive 128% surge over the past two weeks, with its price currently trading at $0.0002670. The meme coin's uptrend could extend further if it successfully breaches the resistance at $0.0002776, setting the stage for continued gains.

The meme coin is also preparing for an exciting collaboration. Floki and Animoca Brands' Forj are joining forces to launch the $MONKY memecoin on November 21, 2024. This initiative, which includes partnerships with ApeCoin and Bored Ape Yacht Club, has created excitement among investors and could fuel additional price increases.

If the momentum from this launch propels FLOKI further, the meme coin may reach $0.0003138. Notably, losing the key support level at $0.0002568 could lead to a correction, pulling the price down to $0.0002108 and invalidating the current bullish outlook.

Zcash (ZEC) has shown remarkable resilience amidst the recent market downturn, surging by 25.5% in the past four days and currently trading at $46.16. The cryptocurrency now aims to breach and flip $46.24 into a support floor, which could enable a rally toward $50.00, presenting an exciting opportunity for investors as ZEC continues its upward trajectory.

Anticipation is building within the Zcash community as Network Upgrade 6 (NU6) is expected to be deployed around November 23. This deployment will introduce several crucial updates to the Zcash network, further enhancing its privacy features and consensus mechanism.

As the market reacts to these developments, we could see a positive impact on ZEC's price, adding fuel to its ongoing rally. Should ZEC capitalize on this momentum, surpassing $50.00 becomes a strong possibility.

However, a drop below the key support level of $40.76 could invalidate the bullish outlook, potentially leading to a notable correction and losses for investors, so keeping a close eye on these price points is essential.