3 Altcoins to Watch in the Fourth Week of January 2025

3 hours ago 17

With the broader crypto market seeing a surge in activity just hours before Donald Trump’s inauguration, attention is shifting to key altcoins that could see significant movement in the coming days.

As Trump prepares to take office, BeInCrypto has singled out three altcoins that could thrive amid the changing market landscape under his administration.

OFFICIAL TRUMP (TRUMP)

Solana-based meme coin TRUMP is one to watch this week as Donald Trump resumes office. At press time, the altcoin trades at $56.83, having increased 30% in value over the past 24 hours.

An assessment of the TRUMP/USD one-day chart shows that the meme coin is overbought and could witness a price drawdown in the coming days. This is reflected by its Relative Strength Index (RSI), which is at 98.59 at press time.

This indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a correction. On the other hand, values under 30 suggest that the asset is oversold and could witness a rebound.

At 98.59, TRUMP’s RSI signals that the meme coin is extremely overbought and could be due for a correction. If this happens, TRUMP’s price could fall to $31.64.

However, if the bullish pressure persists, the meme coin’s value could revisit its all-time high of $78.

Solana (SOL)

Layer-1 coin SOL is another key altcoin to watch this week. Its Solana network currently hosts the most talked-about meme coin: TRUMP, hence the need to pay attention to its performance.

Due to the surge in activity on the Solana network following TRUMP’s launch, SOL climbed to an all-time of $295.83 on January 19. However, as TRUMP’s price dips, SOL has witnessed a crash in its value. The altcoin currently trades at $267.18, falling 4% in the past 24 hours.

With strengthening selloffs, SOL appears poised to extend its decline over the next few days, potentially causing its price to fall to $239.39.

However, if market sentiment improves, SOL’s value could reclaim its all-time high and attempt to rally beyond it.

XRP

XRP is another altcoin to watch this week. It forms part of the collection of assets that would make up Donald Trump’s “America-first strategic reserve” of cryptocurrencies.

As of this writing, the altcoin trades at $3.24, having risen by 38% over the past week. On the daily chart, XRP remains firmly above the green line of its Super Trend indicator, which provides dynamic support at $2.56.

This indicator tracks the direction and strength of an asset’s price trend. It displays as a line on the price chart, changing color to signify the current market trend: green for an uptrend and red for a downtrend.

When an asset’s price trades above the Super Trend indicator, it signals a bullish trend, indicating that buying activity surpasses selloffs among market participants. If this uptrend persists, XRP could reclaim its multi-year high of $3.41.

Conversely, a surge in selloffs would trigger a price pullback, which could drive XRP down to $2.56.

The post 3 Altcoins to Watch in the Fourth Week of January 2025 appeared first on BeInCrypto.

Read Entire Article