With March coming to an end, the crypto market is closing Q1 2025 on a bearish note. However, the altcoins are turning around, aided by the slow recovery across the market, which could help start Q2 and April off on a good note.
BeInCrypto has analyzed three altcoins for investors to watch that are set to undergo key developments in the last week of March.
Filecoin (FIL)
Filecoin (FIL) has seen a strong 18% price increase over the past two weeks. This surge is partly driven by the upcoming CalibrationNet Upgrade, which is expected to improve network performance and reliability. As a result, investors are optimistic, potentially fueling further price gains in the near term.
Currently trading at $3.13, FIL is just under the critical $3.23 resistance level. If the altcoin successfully flips this barrier into support, it could drive the price towards $3.56. This move would help FIL recover its recent losses and strengthen the bullish outlook for the cryptocurrency.
However, if Filecoin fails to break through the $3.23 resistance, it may face a retreat. A drop below $3.00 would signal weakness, potentially causing FIL to fall to $2.99. This scenario would leave the altcoin vulnerable to a deeper correction, with the price potentially dropping to $2.63.
Animecoin (ANIME)
Animecoin (ANIME) is attempting to breach the critical $0.0201 level and flip it into support. This move is essential for recovering losses from late February and early March. If successful, ANIME could rise to $0.0268, marking a significant recovery and potential growth in the coming weeks.
The upcoming launch of the Animecoin mainnet before the end of this month could provide the catalyst needed for further growth. If ANIME capitalizes on the hype surrounding this event, it may breach the $0.0230 resistance and continue its upward trajectory toward higher price levels.
However, if ANIME fails to secure $0.0201 as support, the altcoin could experience a sharp decline. In this case, the price may fall to $0.0176, with further downside risk toward the all-time low (ATL) of $0.0156. This would invalidate the bullish thesis and signal a prolonged downtrend.
Kaspa (KAS)
Another altcoin to watch in March, Kaspa (KAS), is currently trading at $0.077, just below the critical resistance of $0.078. Securing this level as support would open the door for further gains, potentially driving the price to $0.089. Such a move would allow KAS to recover the losses incurred throughout March, setting the stage for growth.
Kaspa could also benefit from the ongoing development of the Kaspa Testnet 10 – Crescendo. The network is close to reaching its Mainnet Activation next month, with a key milestone being the release of the mainnet hardfork version by the end of March. This upgrade could boost investor confidence and drive demand for KAS.
However, if the upcoming announcements fail to generate momentum, KAS may face a decline. If the price fails to break through the resistance and bearish signals emerge, KAS could drop to $0.069, invalidating the bullish outlook. A move to this level would erase a significant portion of recent gains, shifting the sentiment.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
