With the cryptocurrency market appearing to shift from a bullish to a bearish stance, the sustainability of recent altcoin rallies is in question. While some altcoins depend on external developments, others continue to follow Bitcoin's lead. BeInCrypto has analyzed three altcoins—Chiliz (CHZ), Dash (DASH), and Polygon (POL)—that could surprise investors over the weekend of January 17-18.
Chiliz (CHZ) appears poised for a potentially bullish weekend following the unveiling of its Chiliz 2030 vision. This long-term roadmap focuses on scaling the sports blockchain and expanding real-world adoption, which has improved sentiment around CHZ. The altcoin is trading at $0.057 and may consolidate near current levels. Holding above the $0.053 support would indicate stability, suggesting buyers remain engaged. However, downside risks persist as momentum indicators flash caution; the Money Flow Index signals overbought conditions, implying buying pressure may be saturated. A break below $0.053 could lead to a deeper pullback toward $0.050.
Dash (DASH) has emerged as one of the week's top performers, surging 114% in just seven days to trade near $80. This rally was fueled by aggressive buying momentum and increased merchant adoption, highlighted by Alchemy Pay onboarding the network. Despite the surge, DASH remains 24.8% below the $100 milestone. Technical analysis raises caution: the Chaikin Money Flow shows a bearish divergence, suggesting capital outflows are rising beneath the rally. If selling pressure accelerates, DASH could lose the $74 support and slide toward $63. Conversely, renewed inflows could allow it to challenge the $100 level next week.
Polygon (POL) delivered a volatile January performance, rallying 46% last week before fading quickly. Heightened market uncertainty triggered sharp swings, pushing POL down 15.6% this week. The abrupt reversal highlights fragile confidence and how quickly speculative demand can unwind. Capital flows have weakened materially, with the Chaikin Money Flow showing inflows drying up entirely. If outflows take control, POL price risks sliding toward the $0.138 support zone. A bullish reversal remains possible if broader market sentiment improves, which could allow POL to reclaim $0.155 as support and extend toward $0.183.
