PENDLE, LDO and TRX Skyrocketed To The Moon: Still A Safe Bet To Buy?

• PENDLE witnessed follow-on buying momentum and eyeing to cross its ATH mark.
• Lido DAO price traded close to its trendline hurdle of $2.50 mark.
• Tron coin exhibited a descending triangle formation and gained momentum.

The PENDLE token, Lido DAO token and Tron (TRX) coin made it in the top gainers index for the third time consecutively this month.

Amidst the market volatility, these altcoins reflect sharp investor interest. These crypto altcoins displayed massive bullish traction and have cleared multiple hurdles this month.

Interestingly, the PENDLE token price traded close to its All-Time-High trajectory and looks robust on the charts.Likewise, the Lido DAO and TRX cryptos displayed follow-on bullish moves and surged massively this week. 

The ongoing market sentiment is neutral, whereas the market leaders Bitcoin and Ethereum look flat and remained in a closed range. Amidst this, investors have drawn their attention on the specific crypto altcoins which persisted in exceeding the gains.

Could PENDLE Price Make New ATH this Week?

The PENDLE price trades above the key moving averages and looks bullish on the charts. Fueled by the higher tops and higher bottom structure, the uptrend is intact and the buyers are eyeing to capture its ATH mark shortly.

Moreover, the chart structure guides a robust view suggesting that the token is getting ready to blast and might skyrockets toward the $8 mark soon.

Source: TradingView

At press time, the PENDLE price traded at $6.03 with an intraday surge of 1.06%, reflecting bullish momentum on the charts. It has a market cap of $1.36 billion and has a total supply of 258.45 million.

The Momentum Oscillators (RSI and MACD) indicate a bullish view suggesting that the token could blast gains and might reach the upside of $8.60 followed by $9 soon.

Lido DAO (LDO) is on the Verge of a Breakout: What’s Next?

The Lido DAO (LDO) token price signifies a rebound from its bottom mark of $1.50 and escaped out of the correction phase. For the past few weeks, the LDO token was in a downtrend and reached the demand zone. 

Recently, the buyers regained momentum and accumulated the token from there, resulting in a notable pullback over 23% this week. 

Additionally, the LDO was trading close to its downward trendline hurdle of $2.40, which if it breaches, it would fly toward the $3 mark.

Source: TradingView

At press time, the LDO was tradng at $2.23 with an intraday surge of 2.06%, reflecting bullishness on the charts. It has a market cap of $1.96 Billion and has a total supply of 1 billion.

The Momentum Indicator (RSI) curve was in the overbought zone and reflected a positive crossover. Per the Fib levels, LDO has reverted from its 23.6% support zone and is looking to retain the 50% zone.

Tron (TRX) Reflects Sharp Follow on Buying Action: What’s Cooking?

The Tron (TRX) price broke out of a descending triangle formation and split the trendline hurdle of $0.1200 mark this week. Moreover, the TRX coin has displayed massive follow-on buying action and revealed intense accumulation.

Source: TradingView

The price action signifies a sharp rise and witnessed a rebound from its 100 day EMA mark this week. Interestingly, a golden crossover on the charts which signals a massive breakout rally can be seen ahead.

At press time, TRX was trading at $0.1200 with an intraday surge of 0.60%, reflecting bullishness on the charts. It has a market cap of $10.77 Billion and has a total supply of 89.45 billion.

The Momentum Indicator (RSI) curve stays in the overbought zone and replicates a positive crossover on the charts.

Are these Altcoins Worth Buying?

These crypto altcoins have showcased a massive uptick and revealed investors demand in the past trading sessions. Apart from that, these altcoins traded the bottom mark and are ready to recapture the highs.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.