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Crypto News: 3 Altcoins With Breakout Potential This Weekend
The cryptocurrency market is poised for a significant breakout weekend, with three altcoins exhibiting strong technical and fundamental indicators. Cardano (ADA), Lido DAO (LDO), and Ethereum Classic (ETC) have all made impressive moves in the past week, and it’s essential to keep an eye on their progress.
Firstly, let’s focus on Cardano (ADA). The project has shown resilience in the face of adversity, as its price dipped by 2.98% over the past day but remains within a tight consolidation range. With a current market capitalization of $10.47 billion and a trading volume of $1.04 billion, there is significant buying pressure building around ADA.
Marcus Cornivurus, a market expert, has highlighted that if this cryptocurrency breaks above $0.82, it could potentially unlock a target at $1.18, implying a massive upside potential for investors.
Moreover, Cardano’s Total Value Locked (TVL) on the DeFi platform stands at a whopping $375.2 million, representing an impressive 5.82% increase in just 24 hours. This is a positive sign of growing user engagement and increased interest in ADA.
Secondly, we have Lido DAO (LDO), which has been gaining traction lately due to its seamless integration with the Ethereum blockchain. The token’s price has jumped by a staggering 29%, currently trading at $1.07, as traders continue to flock towards this liquid staking platform.
The fact that the protocol maintains dominance in the liquid staking space with an impressive Total Value Locked of $32 billion reinforces confidence among users and further supports its potential for breakout gains.
Lastly, Ethereum Classic (ETC) has been drawing attention due to its commitment to decentralization and lower transaction fees. Following a decisive breakout above the key resistance level of $21.48, ETC’s price has surged by 33% in the past week alone and an additional 7% over the last day.
This impressive rally is backed by its trading volume, which has more than doubled to $1.04 billion, further validating market sentiment that ETC is a potential buy candidate.
All three altcoins demonstrate compelling fundamental and technical analysis supporting a breakout move this weekend.
Source: www.crypto-news-flash.com
