The first week of October kicked off on a bullish note, with Bitcoin surging to a new all-time high and setting a positive tone for the market.
As optimism spreads across the cryptocurrency market, traders and investors are focusing on altcoins that could benefit from improving market sentiment. Here are three notable made-in-USA cryptocurrencies poised for significant gains this week.
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ALEO
Aleo Network is a privacy-focused Layer-1 (L1) blockchain platform designed to enable developers to build scalable decentralized applications with enhanced privacy using zero-knowledge technology.
Its native token, ALEO, is one to watch this week as the project gains traction amid significant ecosystem developments.
Paxos Labs and the Aleo Network Foundation recently announced plans to launch USAD, a U.S. dollar-pegged stablecoin built on Aleo’s ZK Layer-1 blockchain.
The stablecoin aims to preserve user privacy while appealing to financial institutions. This announcement has fueled renewed interest in ALEO, especially as general interest in privacy tokens surges.
At press time, the coin trades at $0.4006, resting above its 20-day EMA, which forms dynamic support at $0.2643.
The 20-day EMA measures an asset’s price over the past 20 trading days, giving more weight to recent prices. When an asset trades above this key moving average, bullish momentum is strong, suggesting the likelihood of a sustained rally.
If this continues, ALEO could charge upward to $0.4589.
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SponsoredALEO Price Analysis. Source: TradingView
However, if sentiment weakens, the coin’s price could slip below $0.31.
Zebec Network (ZBCN)
ZBCN powers the decentralized infrastructure (DePIN) protocol Zebec. Its price has risen 21% over the past week, making it a standout made-in-USA coin to watch this week.
The surge is partly driven by a recently issued rare no-action letter by the U.S. Securities and Exchange Commission (SEC), confirming that tokens distributed by the DePIN project DoubleZero fall outside the scope of federal securities laws.
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The SEC’s clarification has sparked renewed interest in DePIN tokens. Investors now view this as a green light for broader participation in DePIN assets, strengthening ZBCN’s demand over the past week.
Technical indicators support the token’s bullish momentum. On the daily chart, readings from the token’s Moving Average Convergence Divergence (MACD) indicator show its MACD line (blue) resting above its signal line (orange).
This is a bullish setup confirming the strength of the current uptrend. If demand continues, ZBCN could push above $0.004746.
ZBCN Price Analysis. Source: TradingView
Conversely, a pickup in profit-taking could trigger a slip to $0.004168.
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CELO
CELO, the native coin of the carbon-negative blockchain designed to promote financial inclusion, is another made-in-USA coin to watch this week.
Its price has surged over 65% in the past week, fueled by ecosystem developments that have captured traders’ attention.
The token’s recent rally comes as Celo announced the official launch of its Testnet during the Token2049 conference in Singapore on October 1. This rollout features Nightfall, a Layer 3 privacy and scalability solution aimed at enhancing transaction confidentiality across the Celo ecosystem.
If the hype around this continues to drive this demand, CELO could see its price surge toward $0.4904.
CELO Price Analysis. Source: TradingView
Conversely, a drop in demand or profit-taking could push the token below $0.442.