3 Altcoins Gaining Momentum in the Third Week of January

2025-01-17 08:06:03

Abstract generation in progress

SHIB might break out of a falling wedge, targeting $0.00003325 for strong recovery.

FTM’s token swap may drive bullish momentum, pushing prices toward $0.87 in the short term.

Degen’s upcoming liquidity mining airdrop could reverse the downtrend and push prices toward $0.0148.

January is proving to be a lively month for altcoins, with some showing real signs of movement. As the crypto market shifts, a few tokens are standing out. In particular, SHIB, FTM, and DEGEN are gaining attention. These altcoins are well positioned to make strong moves in the third week of January. Let’s get a closer look at each one.

Shiba Inu (SHIB): Poised for a Bullish Breakout

Source: Trading View

Shiba Inu has been stuck in a falling wedge pattern for weeks. This pattern often signals that a breakout is near. After testing the lower trend line, SHIB looks set to rise. A successful breakout could push SHIB toward $0.00002279, the next resistance level. If this rally continues, SHIB might soar toward $0.00003325, bringing optimism back to investors and showing signs of a solid recovery.

Fantom (FTM): A Token Swap Could Spark a Shift

Source: Trading View

Fantom has struggled recently, but change could be on the way. The token swap from FTM to S starts this week, offering investors a chance to swap tokens for free over the next three months. This move could stir up market sentiment and drive FTM’s price higher. A breakthrough above $0.76 resistance could open the door to $0.87 in the short term. If momentum builds, Fantom could bounce back quickly.

Degen (DEGEN): Airdrop Might Fuel a Reversal

Source: Trading View

Degen has been on a downward trend lately. With the price now sitting at $0.0088, many investors are cautious. However, the upcoming liquidity mining airdrop on January 15 could turn things around. This event might attract new attention and help reverse the downtrend. If Degen can break through $0.0117, the price could surge toward $0.0148, signaling a strong rebound and catching the interest of more investors.

As January progresses, SHIB, FTM, and DEGEN are showing growth potential. Each of these altcoins has key events on the horizon that could spark a breakout. This makes them worth watching for anyone looking to gain in the crypto market in 2025.

The post 3 Altcoins Gaining Momentum in the Third Week of January appeared first on Cryptonewsland.

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