Last Friday’s decline in the crypto market, spurred by renewed tensions between the US and China regarding tariffs, led to over $20 billion in liquidations, creating ripples throughout the digital asset market and associated equities.
Nonetheless, as markets exhibit early recovery signs and positive sentiment returns to the crypto space, several crypto-linked assets may rebound this week. Here are three US crypto stocks that warrant attention as ecosystem developments drive potential upside momentum.
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Galaxy Digital Inc (GLXY)
GLXY finished last Friday at $39.38, reflecting a 7% decrease for the day. This significant drop mirrored the overall weakness across the crypto realm, with widespread liquidations impacting crypto-related stocks.
However, this current dip arrives at a critical juncture for the company. Galaxy recently unveiled a $460 million strategic investment from one of the globe’s largest asset managers, indicating institutional confidence in its future potential.
The deal involved the procurement of 9,027,778 shares from Galaxy and 3,750,000 shares from select executives, including Founder and CEO Mike Novogratz, at a price of $36 per share.
This investment is anticipated to finalize this week, pending regulatory approval from the Toronto Stock Exchange and other customary conditions. Consequently, GLXY is attracting investor attention to assess its performance.
In pre-market trading today, GLXY is priced at $40.60. If this renewed optimism fosters sustained buying throughout the week, the stock could escalate toward $44.33.
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However, if market sentiment deteriorates and selling pressures increase, the share price could dip below $36.60.
LQWD Technologies Corp (LQWD)
On Friday, LQWD Technologies’ shares fell by 5%. That day’s forced selling and cautious positioning impacted LQWD’s performance, despite the company’s recent operational advancements.
Earlier this month, LQWD Technologies announced the successful conclusion of a 60-day test on the Lightning Network yield. Over this period, the company increased its BTC deployment across global Lightning Network infrastructure to over 47.1 BTC, yielding a weighted annualized yield (APR) of 8.9%.
According to CEO Shone Anstey, the new yield strategy continues to perform excellently, showcasing that as Bitcoin usage grows, so do the yield opportunities.
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If the company’s momentum and investor sentiment improve, the stock could rebound back to $3.29 as buying activity increases.
In contrast, if the general crypto sell-off deepens, LQWD’s share price might decline further and test support around $0.91.
Soluna Holdings, Inc. (SLNH)
SLNH closed at $2.41 last Friday, observing a 6% decline for the day. Despite this downturn, the crypto stock merits close scrutiny following a significant partnership announcement that could affect investor sentiment and price movements this week.
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On October 9, the Albany-based green data center developer unveiled a new hosting agreement with KULR Technology Group, Inc., a Bitcoin treasury organization.
Under this agreement, Soluna will manage approximately 3.3 MW of Bitcoin mining capacity for KULR at its Project Sophie facility in Kentucky. This partnership is noteworthy as it marks Soluna’s first collaboration with a Bitcoin treasury-focused company, broadening its client base beyond conventional miners and hyperscalers.
In pre-market trading, SLNH shares are priced at $2.54, indicating early signs of renewed investor interest.
If this momentum translates into increased buying activity in the ongoing trading week, the stock could surpass the resistance level at $2.58 and rise toward $3.10.
Nonetheless, if selling pressure escalates, the share price may fall toward $2.06, testing its lower support zone.
