Bitcoin is experiencing a massive sell-off, recording its largest decline since early 2025. Altcoins are also being sold at discounted prices. However, large buyers are stepping in to take advantage of this drop.
As many cryptocurrencies face double-digit losses, this may be a 'buy the dip' opportunity, especially before President Trump’s inauguration, which could lead to a more crypto-friendly environment.
1. Cardano (ADA) price falls below $1
As of this writing, Cardano has fallen over 12% in the past 24 hours and is currently trading below $1. Despite the decline, ADA remains above its key support level.
As long as the low of 96.4 cents holds, ADA may still remain bullish. However, a deeper pullback may occur, with key support between 85.8 and 93 cents. Resistance levels are between $1.10 and $1.20, with additional resistance at $1.50 and $1.70 worth monitoring.
2. Chainlink (LINK) seeks support
LINK is currently holding above the support zone, and the overall market structure remains unchanged. Altcoins have dropped over 7%, trading around $20.
If the downward trend continues, the stock may fall below the monthly low of $19.72, providing traders with an attractive 'buy the dip' opportunity.
3. Bittensor (TAO) faces volatility
TAO has been severely impacted, down over 15%, closing around $460. Market sentiment is low, with increased volatility (reaching 10.49%), exacerbating downward pressure.
The first key resistance level for TAO is at $474.24, which needs to be held above to continue higher. On the downside, the bottom support level is at $407, a critical level for any reversal or further decline.
4. Celestia (TIA) provides discount purchasing opportunities
TIA is trading at $4.59 but is under pressure due to an increase in token supply, negatively impacting its value.
Its support level is at $4.50, which needs to be maintained for a chance to rise to $5, $5.50, and $6. If it fails to break through $5.5 or falls below $4.5, the price may decline further, making it a discounted buy.
5. SUI (SUI) remains strong, priced at $4.60
SUI's trading price stabilizes at the key level of $4.60. The token's chart indicates possible growth in 2025, with the uptrend line being a key level for maintaining price stability.
