Altcoins IMX, WIF, SUI, DOGE, and LDO show breakout potential amid BTC price surge.
Immutable (IMX) could hit $2.50 as it gains 39.7% monthly with strong trading volume.
Dogwifhat (WIF) shows long-term potential despite weekly drops, aiming for $4.80.
Several altcoins like Immutable (IMX), Dogwifhat (WIF), Lido DAO (LDO), Dogecoin (DOGE), and Sui (SUI) are displaying promising technical patterns. The analysis comes as Bitcoin pushes past $106,400, suggesting potential breakout opportunities in the coming week. Here’s an analysis of five cryptocurrencies showing notable market movements.
Immutable
IMX is trading at $1.81 at press time, recording a 2.6% increase in the last 24 hours, with a market cap of $3.06 billion. The token’s technical indicators suggest potential for a push toward $2.50, supported by a 39.7% monthly gain and healthy trading volume of $110 million. The token’s strong performance over the past 30 days provides a solid foundation for further upward movement.
Dogwifhat
WIF continues its run at $2.78, up 1.7% in the last 24 hours with a market cap of $2.77 billion. Despite a 23.4% weekly decline, WIF maintains a 4,030% yearly return. This suggests strong long-term momentum that could drive prices toward $4.80. The token’s 24-hour trading range of $2.71 to $2.91 indicates active price discovery.
Lido DAO
LDO has surged 6% in the last 24 hours, trading at $2.31 with a market cap of $2.06 billion. The token’s technical setup appears favorable for a move toward $3.00, supported by a 97.7% monthly gain and substantial trading volume of $460 million. LDO’s total value locked of $39 billion adds fundamental strength to its technical outlook.
Dogecoin
DOGE is trading at $0.4058, showing a 2.5% increase over 24 hours with a market cap of $59.7 billion. The meme coin’s 332.5% yearly gain and recent price stability suggest potential for a break above $0.50, particularly if Bitcoin maintains its current momentum. The token’s $3.61 billion trading volume indicates strong market participation.
Sui
SUI has made an impressive 10% gain in the last 24 hours, trading at $4.81 with a market cap of $14.05 billion. Technical indicators point to a possible move above $5.00, supported by a 45% two-week gain and strong trading volume of $2.18 billion. The token’s 675.4% yearly return shows sustained upward momentum.
Conclusion
These potential price targets are supported by Bitcoin’s recent breakthrough to a new all-time high. Also, altcoins typically see increased momentum during periods of Bitcoin strength. However, traders should maintain appropriate risk management strategies given the chance for high volatility.
The post Top 5 Altcoins That Might Surprise This Week: IMX, WIF, LIDO, SUI, DOGE appeared first on CryptoTale.
