Several cryptocurrencies saw impressive gains this week, outpacing the inconsistent movements observed in the second week. The biggest movers include Dogecoin (DOGE), Worldcoin (WLD), and Ethena (ENA). Hereâs a breakdown of their performance and key drivers:
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đč Dogecoin (DOGE)
Price Increase: +31.60%
đ Crypto whale activity: Major accumulation boosted buying pressure.
đ€ Elon Musk's Influence: Musk hinted at a Department of Government Efficiency (D.O.G.E) under Trumpâs administration, leading to a price surge.
đ Technical breakout: DOGE surged from a descending triangle pattern, signaling bullish momentum.
Future Potential: If momentum continues, price could hit $0.17 or even $0.20. However, profit-taking could lead to a decline to $0.12.
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đč Worldcoin (WLD)
Price Increase: +27.30%
đ Rebranding: Worldcoin rebranded to âWorldâ and launched a Layer-2 protocol, World Chain.
đĄ Strong support: Bulls defended the $2.10 level, boosting investor confidence.
đ RSI momentum: A rising RSI reflects bullish momentum.
Resistance & Potential: If WLD breaks $2.95, it could surge to $4.94. Otherwise, a pullback below $2 is possible.
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đč Ethena (ENA)
Price Increase: +24.30%
đ„ USDe Launch: The launch of a synthetic-dollar protocol, USDe, on the Solana blockchain drove ENAâs rally.
âïž Bullish MACD: The MACD indicator turned positive, signaling upward price momentum.
Future Potential: If momentum continues, ENA could reach $0.70. However, resistance at $0.50 may halt its rise, risking a drop to $0.35.
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These altcoins demonstrated strong performance this week, with significant factors driving their growth. However, traders should watch for key resistance levels and potential profit-taking that could alter the bullish outlook.
