3 Altcoins to Watch in the Fourth Week of October 2024

WLD Price Analysis. Source: TradingView

On the downside, a pullback could be imminent if Worldcoin fails to breach the $2.46 resistance level. A drop below this level could push the price down to $2.11, erasing recent gains and invalidating the current bullish outlook.

Cardano (ADA)

Cardano is set to unlock 18.53 million ADA tokens this week, valued at over $6.5 million. Token unlocks typically signal a bearish trend as they increase the supply, often outpacing demand. However, Cardano’s previous token unlock on October 17 saw a surprising 7% price increase, which has raised expectations that the altcoin could see a similar boost this time around.

If history repeats itself, this could help ADA breach the $0.371 resistance level. A successful breakout could push the price toward $0.400, suggesting renewed bullish momentum for Cardano.

ADA Price Analysis. Source: TradingView

However, if Cardano fails to break the $0.371 barrier, it may continue its current consolidation phase, remaining above the $0.339 support level. This sideways movement reflects market indecision, keeping ADA in a holding pattern until traders take more decisive action.

Dogecoin (DOGE)

While Dogecoin does not have any significant external developments scheduled for the near future, it is benefiting from the growing market interest in meme coins. This renewed enthusiasm in the broader crypto space has given DOGE a solid boost, aligning it with the current trend of speculative meme coin trading.

Dogecoin has seen a 33% increase over the past week and is expected to continue its upward trajectory. Should the price stay above $0.147, DOGE could experience an 18% increase, testing the resistance at $0.176. A breakout at this level would mark a six-month high.