Date: Mon, Sept 23, 2024, 07:08 AM GMT
The new week kicks off with the cryptocurrency market maintaining its bullish momentum. Many tokens, including TAO, FET and NEAR, have surged higher, following significant breakouts from last week.
Today, popular crypto analyst @CryptoFaibik has highlighted three tokens that could see impressive gains soon, as they’re on the verge of potential breakouts:
1) Dogecoin (DOGE)
The king of memecoins, Dogecoin ($DOGE), is currently trading at $0.1075, up more than 5% in the last seven days. According to @CryptoFaibik’s analysis, DOGE is preparing for another bullish leg. If it successfully breaks out, it could rally to $0.20, making it one to watch closely.
2) Ondo (ONDO)
Ondo ($ONDO), a top Real World Asset (RWA) token, has seen an impressive surge of 18% over the last week and is now trading at $0.7135. CryptoFaibik points out that ONDO is approaching the upside of a falling wedge pattern, and a breakout could propel it to $1.80.
3) Axelar (AXL)
Axelar’s native token, $AXL, which powers the proof-of-stake Axelar network, has surged by 16.4% last week and is currently trading at $0.5798. CryptoFaibik notes that $AXL is breaking out of a descending channel on the daily chart, with a midterm target of $1.50.
With these tokens nearing critical breakout points, traders and investors are keeping a close eye on their next moves.
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