CandleFocus

3 Altcoins to Watch in the Third Week of January 2025

Author: Content Editor
The crypto market has been relatively quiet at the start of 2025, with Bitcoin struggling to surpass $95,000 and altcoins facing challenges in recovering. However, BeInCrypto has identified three altcoins that could potentially see notable developments soon.

Shiba Inu (SHIB) has been trading within a falling wedge pattern, which often suggests potential bullish movement. If SHIB breaks out of this pattern, it could target $0.00002279 as its next resistance level, potentially leading to a 49% rally and restoring optimism among investors. However, if SHIB falls below the lower trend line, it risks further declines and could drop towards the $0.00001922 support level.

Fantom (FTM) has underperformed recently but upcoming developments, such as a token swap from FTM to S, could change its trajectory. The option for investors to swap their tokens for free over the next three months could generate attention and bullish momentum, pushing FTM's price above $0.76 and potentially towards $0.87. However, if the token swap receives a lukewarm response, FTM could struggle to break past $0.76 and might fall below its critical support level of $0.63.

DEGEN has been in a downtrend, with its price below the $0.0092 support level. However, an upcoming liquidity mining airdrop could attract attention and capital, potentially reversing the downtrend and pushing DEGEN's price towards $0.0117. Breaking this resistance could lead to a rally to $0.0148. On the other hand, if the downtrend continues, DEGEN's price could drop to $0.0078 and potentially even $0.0071, invalidating the current bullish outlook.

Related News