Some altcoins are entering the first week of March with important catalysts that could create short-term volatility and open up attractive trading opportunities. While technical indicators show increasing capital flow in some cases, macroeconomic and geopolitical factors continue to shape the overall market trend.
Based on external factors and the latest developments, Coinphoton has analyzed three potential altcoins that may experience upward or downward fluctuations in the first week of March.
Polygon is preparing to deploy the Lisovo Hardfork upgrade on March 4, promising significant improvements to smart contracts and enhanced wallet support. Specifically, this update will include better compatibility with Count Leading Zeros, optimized flexible transaction fees, and improved transaction reliability. Such network upgrades often positively impact investor sentiment, making the POL token price potentially volatile.
POL’s price could benefit from this event as buying pressure increases. The Money Flow Index (MFI) is currently showing capital inflow, indicating growing investor confidence. If demand continues, POL could break through the resistance level of $0.109. Once a breakout is confirmed, the price may rise to $0.120 in the short term.
POL Price Analysis | Source: TradingView However, escalating geopolitical tensions could put pressure on the overall altcoin market. In that context, POL might correct below the support level of $0.104. If it declines further, the price could reach $0.099—corresponding to the 61.8% Fibonacci level—potentially invalidating the bullish outlook and increasing downside risk for POL.
At the time of writing, Chiliz (CHZ) is trading at $0.033, still below the resistance level of $0.034. This token appears sensitive to macro signals and currently lacks strong independent catalysts, making its price trend largely dependent on overall market sentiment in the crypto space.
However, Chiliz has announced that starting from the first week of March, their Fan Token revenue protocol will be used to buy back and burn $CHZ. This move will expand the token’s utility beyond its current governance role. If bullish momentum is triggered, CHZ could break through resistance levels of $0.034 and $0.036, with the next target at $0.038—as a short-term support level.
CHZ Price Analysis | Source: TradingView Conversely, if unfavorable macro conditions persist, CHZ’s recovery efforts could be hindered. Recently, the token formed a Death Cross pattern, signaling weakening bullish momentum. Prolonged selling pressure could push the price below $0.032, possibly even below $0.030. If this scenario occurs, the bullish case would weaken, and a downtrend could dominate.
Currently, HYPE is trading at $30, maintaining above the long-term upward support line that has held for a month. The Chaikin Money Flow (CMF) indicator is showing increased capital inflow, indicating growing investor confidence and supporting the short-term support for HYPE’s price trend.
A CMF reading above zero suggests net capital entering HYPE. Increased buying pressure could push the price above the resistance level of $33, creating an opportunity for a breakout toward $36. If this level is surpassed, HYPE could continue toward $40, reinforcing the current recovery and bullish structure.
HYPE Price Analysis | Source: TradingView However, Hyperliquid faces a token unlock event this week, with 9.91 million HYPE tokens totaling approximately $305 million. If the new supply is not absorbed quickly by the market, selling pressure could increase significantly. If the price drops below $28, a downtrend could push it toward $25, invalidating the bullish thesis and breaking the upward support line.
Recent developments along with macroeconomic and geopolitical factors are creating both opportunities and risks for altcoins in the first week of March. Investors should closely monitor technical signals and important news to make informed trading decisions.