3 Altcoins Set to Surge This Week: XLM, LDO, ARB
August kicks off with strong momentum as several cryptocurrencies prepare for major network developments. After a bullish weekend, many altcoins are gaining traction and eyeing significant profits.
Here are three promising coins investors should keep a close watch on this week.
Stellar (XLM) – Q2 Report Could Spark a Price Rally
- Current price: $0.450
- Key support: $0.445
- Resistance to break: $0.470 – target $0.500
Stellar is set to release its Q2 report this week, revealing recent developments and outlining upcoming ecosystem initiatives. This announcement could serve as a strong catalyst for XLM to break out of its recent downtrend and attract fresh investor interest.
If the report generates positive sentiment, XLM may surpass the $0.470 mark and push toward $0.500. However, selling pressure could drag the price down to $0.424, weakening the bullish outlook.
XLM Price Analysis. Source:TradingView
Lido DAO (LDO) – Up 58% in 5 Days, Eyeing Resistance Break
- Current price: $1.49
- Strong resistance: $1.56 – target $1.82
LDO has surged 58% in just five days, reflecting strong investor confidence. The upcoming first-ever Lido Tokenholder Update Call will present the project’s long-term roadmap, which could trigger further bullish momentum.
If the update inspires optimism, LDO could break above $1.56 and head toward $1.82. On the other hand, increased selling pressure might push the price down to $1.34 or lower.
LDO Price Analysis : TradingView
Arbitrum (ARB) – 92.65M Token Unlock: Opportunity or Risk?
- Current price: $0.461
- Key resistance: $0.473 – target $0.510
ARB is preparing for a major monthly token unlock of 92.65 million ARB (worth over $42.76 million). Such events often create selling pressure, but the Relative Strength Index (RSI) remains in bullish territory, suggesting the market could absorb the supply without heavy downside impact.
If positive sentiment holds, ARB may break the $0.473 resistance and aim for $0.510. However, if selling pressure dominates, the price could drop to $0.427, invalidating the bullish scenario.
ARB Price Analysis. Source: TradingView
Quick Investor Summary:
- XLM: Awaiting Q2 report – potential breakout ahead
- LDO: Strong gains with roadmap reveal catalyst
- ARB: Token unlock event with bullish RSI
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.