The crypto market had a challenging week, but there is hope for recovery in the new week. BeInCrypto has identified three altcoins to watch closely.

First, MOVE hit a new all-time low of $0.370 ahead of its mainnet launch. The launch could influence investor sentiment and potential market movements. If bullish momentum builds, MOVE could push toward $0.617, confirming recovery. However, a breakdown below $0.420 could lead to further losses and a new bottom.

Next, IMX has been trading within a descending wedge and has declined by 22% over the past two weeks. However, the technical pattern suggests a potential breakout. The upcoming launch of RavenQuest could attract new investment and improve market sentiment. If investor enthusiasm supports IMX, it could break through the $0.684 resistance. Failure to do so could lead to a potential decline toward $0.400.

Finally, Tron has demonstrated resilience and stability, maintaining a tight range over the past three months. It is currently consolidating between $0.262 and $0.216, with potential for a breakout if it secures its 50-day EMA as support. However, if the breakout attempt fails, TRX may continue to consolidate or face a decline toward $0.194.



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