- WLD targets a breakout above $2.46 to reach $3.00 amid growing interest.
- Cardano is preparing for a token unlock, which might push ADA beyond $0.371.
- DOGE is trying to maintain momentum above $0.147, eyeing resistance at $0.176.
As the altcoin market gains momenum after dipping and consolidating, savvy traders keep their eyes on the prize. This week, many investors and traders are flocking to Worldcoin, Cardano, and Dogecoin. That said, let’s take a closer look at why these altcoins are worth watching.
Worldcoin (WLD)
Source: Trading View
Worldcoin (WLD) is drawing attention due to the upcoming launch of World Chain, a new blockchain focused on enhancing digital identity and security. This initiative has sparked excitement among crypto enthusiasts.
Currently, WLD faces a crucial resistance level at $2.46. If traders can break through this barrier, a price jump to around $3.00 could happen. Such a move would signify a 21% increase and demonstrate strong market confidence in Worldcoin’s direction.
However, a pullback may occur if WLD fails to overcome the $2.46 hurdle. A dip below this point could push the price down to $2.11, erasing recent gains and dimming the current bullish outlook.
Cardano (ADA)
Source: Trading View
Cardano is preparing to unlock 18.53 million ADA tokens this week, valued at over $6.5 million. Token unlocks usually trigger bearish trends due to increased supply. Still, Cardano surprised many with a 7% price jump during the last unlock on October 17.
This unlock could help ADA break the $0.371 resistance level if history repeats. A successful breakout might push the price toward $0.400, indicating renewed bullish momentum for Cardano.
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Dogecoin (DOGE)
Source: Trading View
Dogecoin surged 33%. If the price stays above $0.147, an additional 18% increase could occur, testing the resistance at $0.176. A breakout at this level would mark a six-month high.
However, profit-taking is common among meme coin holders. If selling pressure builds, the price could drop to $0.130. Such a decline would erase the current bullish outlook and push DOGE back into a consolidation phase.
As altcoins regain momentum, Worldcoin, Cardano, and Dogecoin present lucrative investment opportunities for traders. Monitoring key price levels and upcoming events can help investors make informed decisions. Stay alert and ready to capitalize on market movements.
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