Bullish rally coming soon? 4 tokens ready to break out!
(Jianjie Jiaoliu)
THETA
Theta Network (THETA) price has retreated from the $1.30 demand zone and has significantly corrected by more than 18% in the past three trading days. Moreover, the token is in a severe downtrend and looks oversold on the chart. Buyers resisted the sell-off during the sharp pullback and there are signs of a correction this week. A falling wedge pattern is observed and the token may soon break through the downtrend line barrier of $2.
PENDLE
PENDLE price is trading above key moving averages and the chart shows a bullish trend. Driven by the high top and bottom structure, the uptrend is intact and buyers are looking to hit the ATH point in the short term. Moreover, the chart structure leads to a strong view that the token is about to break out and may soon soar to the $8 mark.
LDO
Lido DAO (LDO) token price rebounded from the $1.50 bottom and got rid of the correction phase. The LDO token was in a downtrend and entered the demand zone for the past few weeks.
Recently, buyers regained momentum and accumulated tokens from there, resulting in a significant pullback of more than 23% this week. Moreover, LDO is trading close to its descending trendline barrier at $2.40, which, if broken, will take it flying towards the $3 mark
