The crypto market began the week on a strong note, with the Bitcoin price surging above $121,000 and the market capitalization of all coins reaching $4.05 trillion. This trend may continue as Bitcoin eyes its all-time high of $123,200. Here is a top forecast for some of the top token like ZORA, Stargate Finance (STG), and Lido DAO (LDO).
Lido DAO price forecast
Lido DAO, the second-biggest player in the decentralized finance (DeFi) industry, has been one of the best-performing tokens recently. LDO jumped for five consecutive day, and is hovering at the highest level since February 25.
Lido token has jumped above the key resistance level at $1.294, its highest point on July 20th. Moving above that level was notable as it invalidated the forming double-top chart pattern, which often leads to a bearish breakdown.
Lido price is nearing the formation of a golden cross, which happens when the 50-day and 200-day Exponential Moving Averages (EMA) cross each other. A golden cross is one of the most bullish chart patterns in technical analysis.
The MACD indicator has moved above the zero line, while the Relative Strength Index (RSI) has pointed upwards. Therefore, the token will likely continue rising as bulls target the next psychological point at $2. A drop below the support at $1.295 will invalidate the bullish Lido forecast.
ZORA price forecast
ZORA, a top crypto in the Base Blockchain, has been one of the best cryptocurrencies after the launch of The Base App (TBA). TBA replaced the Coinbase Wallet and introduced more features, including social, chat, and trading.
ZORA is a key part of its social section as it allows users to earn from their social media posts. It has moved from a low of $0.0083 in July to $0.14 today. It recently moved above the key resistance at $0.1040, its highest point on June 27.
ZORA price has moved above the 50-period moving average, invalidated the double-top pattern, and most of its oscillators have tilted upwards.
Therefore, the token is likely to continue rising as bulls target the key psychological point of $0.15. The alternative scenario is where it first retests the support at $0.1040 and then resumes the uptrend.
Stargate Finance price analysis
The Stargate Finance (STG) token price rebounded sharply and moved to its highest level since May 29. This surge happened after LayerZero made a $110 million offer to buy Stargate Bridge.
It crossed the important resistance level at $0.1884, the neckline of the double-bottom pattern at $0.1465.
STG price has moved above the 50-day moving average, while the MACD has just crossed the zero line. Therefore, Stargate Finance token will likely keep rising as bulls target the key resistance point at $0.2500. A move below the support at $0.1800 will cancel the bullish outlook.
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