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June 15, 2024
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Top 5 Altcoins That May Undergo a Bullish Breakout This Weekend

The post Top 5 Altcoins That May Undergo a Bullish Breakout This Weekend appeared first on Coinpedia Fintech News

Litecoin (LTC) 

Litecoin’s price is currently squeezing past the crucial hurdle as it is trading within a bullish pennant formation. The latest ascent of 35% in March has formed a flagpole that is largely considered bullish. The continuation of the pattern may further witness another 35% jump to reach $125, which may be triggered after a successful breakout. 

Curve DAO (CRV) 

The start of the month facilitated a 17% jump in the CRV price, which signaled the start of a notable upswing. In a recent update, the platform has achieved $32.9 billion in swaps on Ethereum during the Q1 2023 trade.

Presently, the CRV price is coiling up in a tight consolidation pattern after bouncing from $0.892. The price, which is trading within a symmetrical pennant, may rise to $1.173 in the event of a bullish breakout. While a drop to $0.985 may also be considered, that appears more unlikely. 

Cardano (ADA) 

Cardano’s TVL is about to experience massive growth that may make the platform the top contender in the DeFi due to its unique Proof-of-Stake model. This model has enabled the developers to build powerful decentralized applications (dApps), which may further attract more TVL onto the platform. Besides, Cardano’s thriving community, which comprises developers, enthusiasts, and investors, may play a vital role in boosting Cardano’s TVL in the coming days. 

Lido DAO (LDO)

Ethereum is closer to accomplishing the Shanghai upgrade, due to which a 30% jump is expected in LDO prices. The altcoin has been consolidating along the trend, which may offer more returns for investors. As the bulls seem to be buying the rumor, the LDO platform may expect a decent rise in momentum.

Currently, the RSI and the Awesome Oscillator, are both positive, which suggests that buyers are leading the market. A breakout from the current consolidation may raise the levels to $2.42, or rejection may lead to a plunge below $2. 

Ripple (XRP) 

Ripple’s price has been observed very closely as the historical event of the closure of the Ripple vs SEC lawsuit may occur soon. The final ruling is expected to spark a fine upswing to reach $1. Beyond this, the XRP price is believed to revive a sine bullish trend which may continue to rise high, testing the higher targets in the coming days. 

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