Following a turbulent start to the month, the global crypto market has shown recovery signals, with the likes of Solana (SOL) rising 3% to reclaim the $186 resistance on January 11. Market data suggests 3 other rival tokens could potentially deliver considerable gains as the month unfolds.
Turn $10K into $100K with Top 3 Solana Rivals in January 2025
Solana rivals, often regarded as a bellwether for the altcoin market, has emerged as a focal point for traders looking to capitalize on the ongoing crypto market rebound phase.
The crypto market downturn was fueled by a combination of hawkish Federal Reserve policies and a massive Silk Road-related sell-off that heightened bearish sentiment. However, these pressures have eased, with SOL reclaiming the critical $186 level, signaling the potential for an altcoin-led market resurgence.
Investor attention now turns toward the January 20 inauguration of President-elect Donald Trump, a key event that could reshape market sentiment. Anticipated cabinet appointments and policy proposals are expected to influence the regulatory outlook for digital assets. Against this backdrop, 3 altcoins outlined below now appear primed for considerable upside in the coming weeks.
Cardano Price Forecast: $1.20 Breakout Ahead?
Following a mild rebound technical indicators on the ADAUSD daily chart present a cautiously optimistic Cardano price prediction.
With ADA price holding above the $0.8982 pivot level. The Relative Strength Index (RSI) stands at 50.48, suggesting a neutral momentum, but it has crossed above its moving average, indicating a potential bullish shift. A sustained close above $0.9682, the immediate resistance level, could propel ADA toward $1.00, signaling the beginning of a broader upward trend.
Cardano price forecast | ADAUSDT | Solana rivals to watch in Jan 2025
On the bullish side, increasing volume at $54.47M indicates a resurgence of interest among market participants. Additionally, the Parabolic SAR dots below the candlesticks reinforce the near-term upward trajectory. Should ADA breach the $0.9682 resistance, the next target lies at $1.0382, with a possible rally toward $1.20 if buying pressure intensifies.
However, the bearish scenario remains plausible if ADA fails to sustain momentum above the pivot point. A drop below $0.8982 could reintroduce selling pressure, potentially driving the price toward $0.8661 or the critical support level at $0.8282.
Ethereum Price Forecast: Breaching $3,450 Resistance Could Trigger Further Gains
Ethereum (ETH) is trading at $3,270, showing consolidation after a sharp pullback from the $3,450 level. The chart features Donchian Channels (DC), highlighting support at $3,158 and resistance near $3,744, with the midline at $3,451 acting as a dynamic pivot. ETH currently trades near the lower boundary of this range, with potential for a breakout in either direction.
Ethereum price forecast | ETHUSD | Solana rivals to watch in Jan 2025
In a bullish scenario, ETH price could reclaim $3,450, turning it into support and targeting the midline at $3,744. Volume, currently moderate, would need to spike significantly to validate such a move. The MACD, while still negative at -35.24, shows decreasing bearish momentum, suggesting a potential crossover that could confirm upward momentum. A sustained rally would likely test $3,800 psychological resistance.
Conversely, failure to reclaim $3,400 might lead ETH to retest $3,158. The bearish MACD histogram and declining volume reflect waning buying interest. If support at $3,158 breaks, ETH could extend losses toward $3,000.
Dogecoin Price Forecast: Trump Inauguration Could Spark $1 Breakout
Dogecoin price moved above $0.33 on January 11, showing minor recovery after a sharp decline from $0.40. The Keltner Channels (KC) indicate support near $0.2942 and resistance at $0.4003, with the midline at $0.3472 acting as a key pivot. Current price action near the lower boundary suggests indecision, with ADX at 21.85 reflecting a weak trend.
In a bullish scenario, DOGE price could reclaim the midline at $0.3472, targeting $0.40 resistance. A surge in volume is essential to validate this move, as the recent consolidation near $0.30 suggests buyers are accumulating. Breaching $0.40 could spark optimism, with the next target near $0.45, especially if ADX begins trending upward, signaling increased momentum.
Conversely, a failure to hold above $0.33 could lead DOGE to test the $0.2942 support. A breakdown below this level may exte
Dogecoin price forecast | DOGEUSD
nd losses toward $0.26. The weak ADX underscores the lack of a strong directional move, suggesting prolonged consolidation unless a catalyst shifts market sentiment.
How Trump’s Inauguration Could Spark Altcoin Momentum in January
The January 20 inauguration of President-elect Donald Trump is expected to bring a wave of optimism to the crypto market, especially for altcoins like Cardano (ADA), Ethereum (ETH), and Dogecoin (DOGE). Trump’s anticipated focus on deregulation and business-friendly policies could reduce uncertainties around crypto legislation, igniting renewed investor confidence.
For Cardano, regulatory clarity may further drive institutional interest, helping ADA break through the $1.20 resistance, while easing market fears could amplify buying pressure. Ethereum, already consolidating near key levels, could see accelerated adoption and investment, pushing ETH beyond $3,800 if market sentiment turns decisively bullish. Meanwhile, Dogecoin, bulls might capitalize on the establishment of the D.O.G.E department, to challenge the $0.40 resistance and spark a rally toward $1.
As investors gear up for a potentially pivotal moment in U.S. policy, these Solana rivals stand poised to benefit from favorable swings in macro-market sentiment. With technical indicators aligning and external catalysts on the horizon, January 2025 could deliver exceptional returns for traders positioned early.
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