Stellar is preparing to release its second-quarter report. It will highlight recent achievements and provide a preliminary overview of future initiatives. The Stellar Foundation's plans for ecosystem development could impact the price.
XLM has already emerged from a three-week downtrend and is currently holding above support at $0.445. The upcoming report could be a key factor for the altcoin's price, generating new investor interest and potentially supporting the token.
If the report generates positive sentiment, XLM might surpass the $0.470 mark and aim for $0.500. However, if investors start selling, the price risks falling to $0.424 or lower. This could nullify the optimistic scenario.
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LDO has risen by 58% this week in just five days. The altcoin shows positive dynamics, indicating investor confidence and potential for further growth. LDO is currently trading below resistance at $1.56, but the Lido Tokenholder Update Call with Lido token holders may change the situation. This will be the first such meeting with the community, scheduled for August 14. Community members will discuss project development and strategic priorities.
If the event generates positive sentiment among investors, LDO could break through the $1.56 mark and reach $1.82. However, selling pressure could push the altcoin's price down to $1.34 or lower, which would nullify the current bullish forecast.
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Altcoin analysis #Arbitrum $ARB
Currently, ARB is trading just below resistance at $0.473. The cryptocurrency is preparing for a monthly unlocking of 92.65 million ARB tokens worth over $42.76 million. The unlocking could trigger volatility, as such events often put pressure on the price.
However, the Relative Strength Index (RSI) remains in the bullish zone. This indicates that positive market signals may offset negative consequences, allowing ARB to maintain its upward trend. Investor optimism may support price stability during the unlocking period.
If market sentiment remains positive, ARB may continue to fluctuate below the resistance level of $0.473, with a possible breakout up to $0.510. However, if bearish sentiment prevails, the token could drop to $0.427, nullifying the current bullish forecast.