3 coins that could increase in value after Trump-Musk takes office.
The cryptocurrency market is green as Trump officially takes over the White House. Partnering with Musk, Trump has ushered in an era of cryptocurrency support for the world to witness, adding a new flavor to the U.S. political landscape. As Trump officially prepares to take office on January 20, these three coins may surge, opening up positive momentum in the cryptocurrency sector.
ETH could dominate if it retests the key resistance level.
💥Ethereum (ETH) traded near $3,300 on Friday as on-chain data showed that profit-taking by investors has pressured its price. This leading altcoin could rise 10% to $3,732 if it retests and breaks through the $3,400 resistance level.
<br /><br />ETH/USDT 4-hour chart <br /><br />
👉ETH has traded within an important rectangular channel for the past two weeks, with resistance near $3,400 and support near the psychological level of $3,000. The leading altcoin was rejected at the rectangle's resistance level for the second time on Thursday and is testing the blue line of the Exponential Moving Average (EMA).
Bitcoin moves like 2020 pattern, $135K is next destination!!
💥Bitcoin is about to break the $135,000 mark: Opportunities and risks 👉Bitcoin (BTC) continues to attract global attention with its strong price increase, leading many experts to expect that this currency can repeat the historic breakout of late 2020. 🤖 Bitcoin Price Growth Forecast 👉According to cryptocurrency expert Ali Martinez, Bitcoin's current price trajectory has many similarities to the bull run in December 2020. He predicts BTC will go through three main stages:
🐳One of the key factors we need to monitor is the actions of whales and sharks, investors holding at least 10 BTC. 👉In the past month, these large wallets have added a total of 56,397 BTC, worth approximately $5.4 billion. Interestingly, while the number of whale and shark wallets has decreased by 1,256 (a decrease of 0.82%), the amount of Bitcoin held by these wallets has significantly increased. 👉This indicates that the consolidation of Bitcoin by these large investors is becoming an important trend to watch, as this accumulation action has significantly impacted Bitcoin's price increase.
Is Altcoin Season Here as Bitcoin Hits New Record High?
💥Bitcoin (BTC) hit a new high of $98,384 on Thursday, with altcoins also rallying in response to U.S. President-elect Donald Trump’s crypto-friendly stance. On-chain data suggests the Altcoin Season Index has the potential for further growth, as investors appear hesitant to fully move into altcoins as BTC inches closer to the $100,000 mark.
These 4 Altcoins have the potential to increase up to 10 times that few people know about!
💥As Bitcoin continues to demonstrate strength, analysts are shifting their focus to altcoins with compelling narratives — GameFi, AI, DePIN, and RWA. Therefore, the renowned cryptocurrency analyst Miles Deutscher has revealed his top 4 altcoin choices. 1. SuperVerse (SUPER) 👉The analyst ranks SUPER, a token in the gaming space, at the top of his list, calling it a “meme” due to strong community support. However, he emphasizes that SUPER also provides real value in the gaming economy. He notes that the combination of cultural appeal and practical application is often key to determining which cryptocurrency projects succeed.
💥Ethereum, once seen as the shiny silver compared to Bitcoin's gold, has only increased by 36% this year, significantly slower than Bitcoin's impressive 109% rise. 👉Investor aversion to ETH is so strong that, with the current market price of $3,100, this cryptocurrency is still far below its record price of $4,832 in 2021, while BTC trades at its all-time high of over $90,000.
ETH struggles near the EMA support level amid a head and shoulders reversal pattern.
👉Ethereum fell more than 2% after liquidating $35.88 million worth of ETH futures in the last 24 hours. Long and short positions liquidated amounted to $25.32 million and $10.36 million, respectively. 👉The 14-day Exponential Moving Average (EMA) continues to protect ETH near the psychological level of $3,000 after consolidating over the past few days. This move has confirmed a head and shoulders reversal pattern on the daily chart for the top altcoin.
What is the Altcoin Season Index and when will it occur?
• The Altcoin Season Index is a tool to measure Bitcoin's dominance in the cryptocurrency market. When this index exceeds the threshold of 75, meaning that 75% of the coins/tokens in the top 50 outperform Bitcoin, it is considered that the Altcoin season has begun. • However, currently this index is at 39, meaning that only 39% of major Altcoins have outperformed Bitcoin in the past 90 days, which is far from the 75% level needed to declare the Altcoin season confirmed.
💥Some optimistic signs for Bitcoin 👉On Tuesday, Deutsche Borse Group's report highlighted MicroStrategy's recent announcement that they purchased nearly $4.6 billion in BTC (51,780 BTC) just weeks after the U.S. election, bringing optimism to Bitcoin investors. 👉"A leaked audio reveals Elon Musk claiming he holds a large amount of DOGE, while SpaceX owns a significant amount of BTC. Meanwhile, rumors about Trump Media potentially acquiring the cryptocurrency platform Bakkt have caused stocks of both companies to soar, with Bakkt being a standout company in the market," the report stated.
Ethereum Price: Risks of ETH dropping to $2,258 if the key support level is broken.
💥Ethereum is trading near $3,100 after experiencing over $42.39 million in liquidations in the past 24 hours. Long and short liquidations accounted for $28.43 million and $13.96 million, respectively. 👉ETH has consolidated near the psychological level of $3,000 for the past five days since being rejected at the resistance level near $3,400.
<br /><br />ETH/USDT daily chart <br /><br /> 👉The top altcoin has been held above $3,000 by the 14-day exponential moving average (EMA). If ETH drops below the 14-day EMA and the support level of $3,017 is not reached, it may find support at the key level of $2,817, which the bulls have defended for nearly four months — from April to July.
Ripple's price may extend its increase beyond the important resistance level
💥Ripple's price broke through the daily resistance level of $0.718 on Thursday and increased by 62.5% until Saturday. The price dropped by 5.9% on Sunday due to not closing above the 50% retracement level of $1.13. On Monday, the price rose by 8.8%, surpassing the $1.13 level. 👉If XRP closes above the $1.13 level, the price could extend its upward momentum by 21% to retest the next daily resistance level at $1.372.
👉The cryptocurrency market capitalization reached a new high of $3.09 trillion on Monday morning (+1% in 24 hours), driven by altcoins. The Crypto Fear and Greed Index reached 90 over the weekend.
💥Market image 👉The cryptocurrency market capitalization reached a new high of $3.09 trillion on Monday morning (+1% in 24 hours), driven by altcoins. The Crypto Fear and Greed Index reached 90 over the weekend, with this index only being higher at the end of 2020 and the beginning of 2021. By Monday, the index had dropped to 83, still consistent with extreme greed.
SOL Shows Strength as Bitcoin Holds Around $90,000
👉Buyers successfully defended Solana (SOL) breakout level at $210, indicating positive sentiment in the market.
<br /><br />BTC/USDT Daily Chart <br /><br /> 👉If buyers push the price above $93,265, the BTC/USDT pair could surge towards the psychological $100,000 level. This level could again act as a strong barrier, but if buyers break through, the pair could advance to $113,331.
👉Conversely, if the bears want to reverse the trend, they will need to pull the price below the $85,000 support. If successful, the pair could drop to the 20-day exponential moving average (20-day EMA) at $80,791. A break and close below this level would help the bears regain control.
💥There were two crypto assets that stood out this week. After Donald Trump’s victory, the entire market was painted green. However, Bitcoin (BTC) and Dogecoin (DOGE) brought great profits to investors. 👉While BTC hit an all-time high and is getting closer to the $100,000 mark, DOGE has recorded triple-digit gains. In this context, an analyst polled investors, asking which coin they would invest in. It seems that the majority of them are leaning towards the meme coin DOGE.
Ethereum ‘Dying Slowly’ as ETH Breaks 8-Year Trend Against Bitcoin
👉Ethereum's native token, recently fell below its long-term support level against Bitcoin (BTC). This has led many leading experts to say that Ethereum is "dying". 👉In November 2024, Ethereum bulls failed to defend this support level. The ETH/BTC pair fell about 15% below the support level, accompanied by high trading volume. 👉In technical analysis, the loss of support – especially in the context of increased trading activity – indicates strong selling pressure. This means that ETH/BTC could continue to decline in the coming weeks.
Top 3 Meme Coins to Explore Before Bitcoin Hits $100,000
🚀Memecoin is in the midst of a crypto bull market as Bitcoin surges to new highs. BTC recently hit $88,000, with further gains to explore the $90,000 price threshold in the short term. 👉As BTC continues to surge higher, the cumulative inflow is now being enjoyed by the crypto market as a whole, including altcoins, which have been surging at a rapid pace recently. Here are three top tokens to explore before Bitcoin reaches the inevitable $100,000 mark.
Ethereum Price Will Drop If It Closes Below $3,000
👉Ethereum price faced rejection around the weekly level of $3,454 on Tuesday and fell 9.2% so far on Thursday. On Friday, the price traded slightly higher, around $3,084, approaching the psychologically important $3,000 level. 👉If ETH closes below $3,000, the price could drop to retest the 200-day Exponential Moving Average at around $2,789.
👉Ethereum (ETH) fell more than 1% on Thursday after record net inflows into ETH exchange-traded funds (ETFs) over the past six days. Despite the bullish market outlook, $300 million in unstakeable ETH could flood into the market and put downward pressure on prices.
💥Ethereum Price Forecast: ETH Could Rise to $4,522 👉Ethereum is trading near $3,110 after liquidating $57.34 million in the past 24 hours, according to Coinglass data. Liquidated long and short positions accounted for $34.13 million and $23.20 million, respectively.
Solana (SOL) Price Forms Bullish Flag Pattern, Aiming for New ATH
💥Solana has broken out above a bull flag pattern on the weekly chart. A bull flag is a pattern characterized by two consecutive price increases, followed by a short consolidation period. This pattern begins with a strong price increase. 👉As shown in the chart below, SOL broke out above the “bullish flag” pattern and reached $220 before falling back to $217.52. If this technical pattern holds, Solana could rally beyond its previous high of $260, with a possible medium-term target of $320.83.