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💥 Donald Trump’s ‘Official’ Meme Coin Cracks Top 40 Altcoins: Crypto Community Reacts Trump’s Official Meme Coin It’s safe to say that the crypto community has seen a lot of strange things in the past decade, especially when it comes down to meme coins. After all, there are some based on dogs, cats, famous frog characters, dead squirrels, and so on. However, it’s not every day that you see the promotion of a meme coin made by the president-elect of the world’s largest economy. Donald J. Trump, through his official accounts on Truth Social and X, announced yesterday that he has a new ‘official’ meme coin and urged his almost 100 million followers to ‘join my very special Trump Community.’ 💬 My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR #TRUMP — Have Fun! — Donald J. Trump (@realDonaldTrump) January 18 A lot of people questioned the legitimacy of the project and guessed that his account was hacked. However, that doesn’t seem likely at the moment. The meme coin’s website resembles those made for Trump’s official NFT collections in the past, credited to the same licensee – CIC Digital. It shows that the current circulating supply is 200 million, but it could go up to as high as a billion within the next three years. Somewhat alarmingly, the groups that will own the biggest shares are ‘creators and CIC Digital,’ with a total percentage of 72%. While others praised the move and officially welcomed Trump to the cryptocurrency space, even though he already has such a project called World Liberty, some, such as ZachXBT, were a lot more skeptical. 🔸 Welcome to Top 40 OFFICIAL TRUMP (TRUMP) is obviously today’s top gainer, and its value has skyrocketed by triple digits. According to data from CMC and CG, its market cap has soared to over $4 billion. Although the two platforms have slightly different valuations ($4.3 billion vs $4.05 billion) at press time, TRUMP has entered the top 40 largest alts by market cap on both.

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📊 Hedera ($HBAR ) Eyes $0.57 All-Time High as Demand Gains Momentum The value of Hedera’s HBAR has surged 27% over the past week. This rally comes after the altcoin broke out of a consolidation range it had traded within for several weeks. As demand accelerates, HBAR is poised to revisit its all-time high of $0.57, which it last reached in 2021. This analysis explains why. 🔸 #Hedera Bulls Aim to Send Token’s Price Higher HBAR has recorded a 27% surge over the past seven days, breaking out of its previous rangebound trading pattern. For the past month, broader market consolidation kept HBAR’s price within a range, facing resistance at $0.33 while finding support at $0.26. However, its double-digit rally has propelled it above this range, with HBAR currently trading at $0.35. The breakout reflects growing buying pressure and sets the stage for potential further gains as bullish momentum builds. Currently, HBAR trades above its 20-day exponential moving average (EMA) at press time, reflecting the bullish market trend. This moving average tracks the average price of an asset over the past 20 days, giving more weight to recent prices to reflect short-term trends. When an asset’s price is above its 20-day EMA, it signals bullish momentum. It indicates that buyers are driving the market and that the asset may continue to rise in the near term. Further, the setup of HBAR’s Moving Average Convergence Divergence (MACD) indicator confirms this bullish outlook. The altcoin’s MACD line (blue) currently rests above its signal line (orange). When this indicator is set up this way, it indicates a bullish trend. This means that buying activity exceeds selloffs among market participants. 🔸 #HBAR Price Prediction: Sustained Demand Could Propel It Toward $0.57 ATH HBAR’s sustained demand could drive its price above the key resistance at $0.44. A successful breach of this price level could provide the support needed for the altcoin to reclaim its all-time high of $0.57, which was last reached four years ago.

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⭐️ Altcoins About To Take Off? Analyst Says The ‘Final Shakeout’ Is Over After a red Monday, the crypto market seems to be moving toward a green end of the week, registering an 18.54% increase from this week’s lows. Altcoins have broken out of a bullish formation, fueling investors’ optimism about the upcoming Altseason. 🔸 Altcoins Final Shakeout ‘Completed’ On Friday, the crypto market recovered from its recent correction, with Bitcoin (BTC) reclaiming the $100,000 mark after days of hovering below this resistance level. Similarly, The King of Altcoins, Ethereum (ETH), reclaimed the $3,400 range after dipping below a key support level earlier this week. Other leading altcoins like Solana and XRP have also gained bullish momentum, with the former reclaiming crucial levels and the latter nearing its all-time high (ATH). Notably, the total crypto market capitalization, excluding BTC and ETH, surged 4% in the last 24 hours, hitting its highest point since the December retraces. Altcoins broke out on a three-year downtrend during the November-December rally, surging to $1.1 trillion, its highest market cap since 2021. However, the sector struggled to record significant gains after the end-of-year corrections, dropping around 25% from the post-election highs. Despite the performance, several crypto analysts predicted that Alts would see a bullish start to the year. On Monday, Altcoins fell to its lowest price range in weeks, dipping to a $900 billion market cap, but is now retesting last month’s highs. Amid the current performance, Titan of Crypto suggests that the “final shakeout seems completed.” The analyst previously asserted that the “grand finale” was around the corner, signaling that alts were about to explode. 🔸 Alts Following Q1 2024 Performance? Recently, the analyst pointed out that a golden cross is “imminent” in the Altcoins chart. According to the post, “It’s only a matter of time before FOMO kicks in,” as 2021’s golden cross, which occurred at the start of that year, kickstarted a massive #Altseason .

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🔵 Cardano (#ADA ) Price Prediction for January 19: Will ADA Break Out or Face Further Correction? ADA, the native token of the Cardano blockchain, has dropped 5.11% in the past 24 hours, trading at $1.07 at the time of writing. Despite its decline, ADA remains the ninth-largest digital asset with a market capitalization of $37.74 billion, although it is still down 65.63% from its all-time high of $3.10. Data from CoinMarketCap shows that ADA reached a daily high of $1.16, attempting to flip the $1.10 resistance into a support level. However, the attempt failed, resulting in a bearish breakout. If the $1 level does not hold, the next significant support lies at $0.90. 🔸 Analyst Predicts ADA Rally to $6 While ADA’s short-term outlook appears challenging, analyst Ali Martinez suggests a potential rally to $6 could be on the horizon. Martinez highlighted a pattern from 2021 when ADA dropped 44% before initiating a strong upward movement. Drawing parallels, the analyst predicts that ADA’s next leg up in this cycle may occur within two to three weeks. 🔸 #ADA Price Analysis Over the past seven days, ADA has gained 16.00%, with a 9.63% increase over the last month and a 105.36% surge in the past year. However, to confirm a bullish breakout, the token must surpass the $1.50 resistance and establish it as a new support level. The RSI indicator currently reads 56.26, signaling that while bulls have some control, selling pressure is rising. The RSI gradient suggests a possible retest of the $1 support level in the short term. Meanwhile, the MACD indicator remains bullish, but a decreasing histogram indicates weakening momentum, further pointing to an increase in selling activity. #Cardano

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🔥 Solana eyes $4,700 after breaking out of this pattern Decentralized finance (DeFi) asset Solana (SOL) will likely see an over 1,800% upside based on a bullish technical setup. Specifically, Solana has broken out of the bullish cup-and-handle pattern, signaling a potential target of $4,700 based on the formation’s historical implications, according to a projection shared by cryptocurrency analyst Ali Martinez in an X post on January 18. The cup-and-handle pattern resembles a rounded “cup” followed by a smaller “handle” dip. It signifies a period of consolidation before a breakout, reflecting growing buying pressure after a prolonged correction. When the price breaks above the resistance level at the “rim” of the cup, it often leads to a strong upward move. In Solana’s case, the breakout occurred after the asset reclaimed the $220 mark, validating the bullish setup. Notably, although Solana has the potential to rally, the price target can be considered ambitious. It would elevate SOL’s market cap to $2.29 trillion, making it the top digital asset—provided Bitcoin (BTC) sees minimal growth. The breakout projection comes when Solana is witnessing increased short-term bullish momentum, which aligns with the broader cryptocurrency market. These positive sentiments have been heightened by optimism surrounding Donald Trump’s upcoming inauguration on January 20. Reports indicate that, once in office, Trump will likely issue an executive order related to cryptocurrencies. 🔸 #SOL short-term price target For short-term analysis, pseudonymous cryptocurrency trading expert Sheldon The Sniper highlighted in an X post on January 18 that Solana could hit a record high within the $500 to $600 range. The analysis noted that SOL’s first major target lies at $324, corresponding to the 1.618 Fibonacci extension. A sustained move beyond this level could push SOL toward $416, aligning with the 2.618 Fibonacci extension. The next significant level for those eyeing higher gains is $504, marked by the 3.618 extension.

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