The cryptocurrency market is thriving thanks to Bitcoin reaching an all-time high and supportive policies from the U.S. Below are three potential altcoins for this weekend, according to analysis from BeInCrypto:
1. Lido DAO ($LDO ): LDO price increased by 22% to $1.13 after BitGo announced support for ETH staking through the Lido protocol. If it breaks the resistance at $1.18, LDO could hit $1.34, a four-month high. However, if it fails to break through, the price could drop to $1.07 or lower.
2. Ethereum Classic ($ETC ): ETC increased by 15% to $23.01, benefiting from Ethereum's upward momentum. If it breaks the resistance at $24.52, the price could reach $27.21. However, the RSI indicator shows that ETC is overbought, with the risk of dropping to $20.81 if the market cools down.
3. Cardano ($ADA ): ADA increased by 13.79% to $0.87, approaching the $1 mark. Breaking the resistance at $0.93 could trigger a strong upward trend, but if it falls below $0.85, the price could slide to $0.80 or $0.74.
Conclusion: The market's upward momentum is creating opportunities for altcoins like LDO, ETC, and ADA. However, investors need to be cautious with resistance and support levels to manage risks effectively.
Note: The information is for reference only, investors need to self-assess the risks.
