Fourth Week of October 2024: 3 Best Altcoins

Worldcoin (WLD)

Worldcoin is on many traders’ radars this week due to the upcoming launch of its new blockchain, World Chain. This blockchain aims to improve digital identity and security, boosting interest in the token.

Worldcoin currently faces resistance at $2.46. If broken, the price of the asset might surge upwards 21%, spiking to the $3.00 level. This would signify a market belief in both the rebranding taken on by Worldcoin and the new undertaking launched as World ID 3.0.

If the coin fails to break the resistance at $2.46, a pullback may occur towards lower values. The price is likely to slide to $2.11, erasing these recent gains and testing the bullish theory.

Cardano – ADA

This week, Cardano will unlock 18.53 million ADA tokens, which are more than $6.5 million. The token unlocks are usually bearish because they increase the supply, in which demand sometimes cannot overcome.

However, the last token unlock in mid-October led to a surprise 7% price increase. Investors are now hopeful that ADA will react similarly.

If this trend continues, ADA might break through the $0.371 resistance level. A successful breakout could push the price toward $0.400. On the other hand, if ADA fails to clear this level, it may continue its sideways trading between $0.371 and the $0.339 support level.

Dogecoin (DOGE)

Dogecoin doesn’t have important technical updates this week, but it is not outside the frenzy of meme coin trading. In the last week, DOGE jumped 33%, and traders think that it will continue that way.

It would, therefore, be expected that if DOGE stays above $0.147, the price could further appreciate by 18% and attempt to break the resistance line at $0.176. Any eventual higher breakout would drive the price up to a six-month high.However, meme coin traders are known for taking profits quickly. If selling pressure increases, DOGE could drop to $0.130, wiping out its current bullish momentum.

These altcoins are poised for potential moves this week, driven by both market conditions and key developments. Keep an eye on these price levels for possible opportunities or risks.