TOP-3 promising altcoin this week

Since the beginning of August, many tokens are preparing for significant events in their networks. Optimistic weekend has enhanced interest, and now many altcoins are aimed at growth

Three altcoin was allocated, which should be tracked by investors this week.

Stellar (XLM)

Stellar is preparing to release a report for the second quarter. He will illuminate the latest achievements and offer a preliminary review of future initiatives. STELLAR Foundation plans for the development of the ecosystem can affect the price.

XLM has already left the three -week descending trend and is now holding above the support of $ 0.445. The upcoming report can be a key factor for the price of altcoin, causing a new interest in investors and potentially supporting token.

If the report causes positive moods, XLM can overcome $ 0.470 and aim at $ 0,500. However, if investors begin to sell, the price risks falling to $ 0.424 or lower. This can cancel an optimistic scenario.

Lido Dao (LDO)

LDO this week grew by 58% in just five days. Altcoin shows positive dynamics, which indicates the trust of investors and the potential of further growth. LDO is still trading below the resistance of $ 1.56, but the Lido Tokenholder Update Call event with Lido holders can change the situation. This will be the first such meeting with the community, and it is scheduled for August 14. Community members will discuss the development of the project and strategic priorities.

If the event causes positive moods among investors, LDO can break through the $ 1.56 mark and reach $ 1.82. However, the pressure of sellers can lower the price of altcoin to $ 1.34 or lower, which will cancel the current bull forecast.

Analysis of altcoin Arbitrum (arb)

Now ARB is trading just below the resistance of $ 0.473. Cryptocurrency is prepared for a monthly unlocking of 92.65 million ARB tokens worth more than $ 42.76 million. The scatter can cause volatility, since such events often exert pressure on the price.

However, the relative force (RSI) index remains in the bull zone. This indicates that positive market signals can level negative consequences, allowing ARB to maintain an upward trend. Optimism of investors can support the stability of the price during the unlock period.

If market sentiments remain positive, the ARB can continue to fluctuate under a resistance level of $ 0.473, with a possible breakthrough of up to $ 0.510. However, if bear mood is prevailing, the token can fall to $ 0.427, which will cancel the current bull forecast.

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