Three Altcoins Analysts Are Watching as Bitcoin Nears $80K

Bitcoin has fallen around 24% since 11 November and could be headed toward – or even below – the $80,000 mark, pressuring much of the crypto market. But analysts highlight three altcoins that may hold up better thanks to strong chart structures and negative correlation with BTC: Zcash (ZEC), Pi Coin (PI) and Tensor (TNSR).

Zcash is described as one of the «cleanest» setups in a weak market, with a one-month correlation of –0.87 to Bitcoin, meaning it has often moved in the opposite direction. ZEC is holding above a flag breakout from 14 November, with buyers defending dips. Key resistance lies near $749, with further potential targets at $898 and around $1,010 if the move continues, while a daily close below $488 would invalidate the bullish structure.

Pi Coin has also stood out, rising nearly 18% over the past month while Bitcoin has dropped about 19%. It currently trades just below key resistance at $0.25, with analysts eyeing $0.29 if BTC stays weak. With a seven-day correlation of –0.87 to Bitcoin and Chaikin Money Flow remaining above zero and forming higher lows, PI is seen as a possible hedge in a falling BTC environment. A drop under $0.22 could open the way to support near $0.20.

Tensor, meanwhile, shows one of the strongest negative short-term correlations with BTC at around –0.90. Despite a broader market slump, TNSR has gained more than 340% in a week, helped by steady accumulation from a single large wallet. Its 20-day EMA has crossed above the 50-day and is approaching the 100-day average, reinforcing the bullish momentum. Trading near $0.24 after a spike to $0.36, analysts say a break above $0.36–0.38 could open a path to $0.44 and possibly $0.72, while a sharp Bitcoin rebound might see TNSR retreat toward support around $0.17.

Analysts caution that these setups depend heavily on Bitcoin’s next move, and any stabilisation or rebound in BTC could quickly change the outlook for all three altcoins.

Kursiv Uzbekistan also reports that Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of Uzbekistan’s state-owned oil and gas company JSC Uzbekneftegaz (UNG) at ‘BB’ with a Stable Outlook, keeping the rating in line with the sovereign. The company’s senior unsecured rating was also affirmed at ‘BB’ with a Recovery Rating of ‘RR4’.