The cryptocurrency market enters its second week of March with several notable catalysts gradually forming across different projects. Network upgrades, large-scale token supply events, and community milestones could cause significant volatility in the coming days. In this context, three prominent altcoins have attracted investor attention.
Each selected coin is based on a combination of fundamental factors and emerging technical signals on the price charts.
Polkadot has become one of the altcoins to watch this week as the network prepares to launch a major tokenomics upgrade, which is expected to significantly change the supply dynamics of DOT. The update, scheduled between March 12–14, will sharply reduce new DOT issuance and implement long-term supply control measures. Such reductions often boost scarcity narratives in the crypto market, potentially positively impacting investor sentiment toward altcoins in March if demand remains steady.
Price-wise, Polkadot is showing a mixed trend. Recently, the coin has mostly traded sideways and is still down about 63% year-over-year. However, short-term performance has improved considerably, with a 10%–11% increase over the past month. Notably, DOT experienced a remarkable rally of up to 43% from February 24 to February 25, reaching a local high near $1.75 before entering a correction phase.
Technical analysis indicates signs of a bullish divergence on the Relative Strength Index (RSI). The RSI measures momentum, assessing the strength of price movements. From January 25 to March 8, DOT’s price made lower lows, while RSI formed higher lows, suggesting selling pressure may be waning. A similar pattern appeared from January 25 to February 24, just before the 43% surge.
DOT Price Analysis | Source: TradingView
If the support level at $1.42 holds, DOT could continue its recovery trend. Breaking above the resistance at $1.75 might open the door for a move toward $2.07, matching the previous rally’s range.
However, if the price drops below $1.42, the bullish outlook would weaken. In that case, DOT could fall further to $1.22, invalidating the short-term recovery thesis and reinforcing a long-term downtrend.
WhiteBIT Coin (WBT) is another notable altcoin this week as the market prepares for one of the largest token supply events expected in March. Recently, WBT gained significant attention after being listed on Kraken exchange on March 5, bringing new liquidity and access to institutional investors.
The most important event will occur on March 13, when 81.5 million WBT tokens are unlocked in a bulk release. This event will release a large amount of previously locked tokens simultaneously, rather than gradually over time.
Currently trading between $52–$54, this event represents approximately $4.4 billion in token value, significantly increasing circulating supply. Large unlock events like this often create short-term selling pressure, making WBT one of the most closely watched altcoins this month.
WhiteBIT Token Unlock | Source: Tokenomist
Despite the upcoming unlock, WBT’s technical structure remains positive on the 12-hour chart. Over the past 7 days, WBT has increased by about 11% and is up over 90% year-over-year, indicating steady growth.
From February 28 to March 6, WBT surged nearly 20%, forming a strong upward trend within a bullish flag pattern. If buyers push the price above $55, a breakout could propel the price toward $66.
WBT Price Analysis | Source: TradingView
However, the token unlock event could increase uncertainty. If selling pressure intensifies after the event, the bullish structure might break down. A drop below $52 would weaken the bullish outlook, and a deeper decline below $50 could invalidate the pattern and signal a potential sharp correction.
Pi Coin from Pi Network is an interesting altcoin this week as several key ecosystem events converge in mid-March. The project is currently in the mainnet upgrade phase, requiring node operators to complete migration before the March 12 deadline to stay connected to the network. This coincides with Pi Day on March 14, an annual community event that often sparks strong interest and speculation.
These developments come as Pi Coin’s market structure begins to improve. Over the past week, PI’s price has increased by about 27%, and over the past month, it has risen 49%, showing a notable recovery after a prolonged downtrend. However, PI is still trading more than 90% below its all-time high, indicating significant room for recovery.
On the technical side, PI experienced a strong rally, with a 54% increase from February 23 to March 7, reaching a peak near $0.239 before entering a consolidation phase. The current price chart is forming a bullish flag pattern, seen as a continuation signal.
Pi Coin Price Analysis | Source: TradingView
If the rally continues, PI needs to break above $0.227 on the 12-hour chart, a key resistance level. A successful breakout could trigger a new upward move, pushing the price toward $0.331 or higher, representing about a 45% gain from the confirmation level at $0.227.
Conversely, if PI falls below $0.194, the bullish momentum could weaken. A deeper drop below $0.185 would break the structure and suggest that the recent rally was only a temporary rebound.
These three altcoins are approaching important milestones, promising potential investment opportunities but also carrying considerable risks. Investors should closely monitor market developments to make informed decisions.