- Regulatory speculation drives altcoin volatility before White House Crypto Summit
- Chainlink and Avalanche show strength While Hedera faces bearish pressure
- Polkadot and Litecoin battle resistance as trading volume declines
The cryptocurrency market has turned active as investors keep a close eye on specific altcoins ahead of the White House summit.
With regulatory discussions and potential policy changes on the horizon, traders are positioning themselves strategically.
Eight Altcoins Draw Trader Attention Pre-Summit
Notably, eight altcoins have drawn significant attention, including Bonk ($BONK), Polkadot ($DOT), Chainlink ($LINK), Litecoin ($LTC), Hedera ($HBAR), Official Trump ($TRUMP), Official Melania Meme ($MELANIA), and Avalanche ($AVAX). Each of these coins has shown distinct price movements, indicating unique market sentiment and potential opportunities.
BONK Faces Key Resistance at $0.0000128-$0.0000130
Bonk has seen a steady demand, with its price climbing to $0.00001282 , marking a 1.08% increase. However, its 24-hour trading volume has declined by 22.93%, hinting at reduced market activity. A crucial resistance exists between $0.0000128 and $0.0000130.
Source: CoinMarketCap If the price surpasses this range, it may indicate bullish momentum. However, failure to break through might lead to a pullback toward $0.0000122 or lower.
DOT Price Up But Volume Declines
Polkadot’s price has risen 3.07% to $4.53 , while market capitalization has also grown. However, its trading volume has decreased significantly by 26.90%.
Source: CoinMarketCap DOT faces resistance at $4.65. If broken, the price could surge towards the $4.75-$4.80 range. If support at $4.45 fails, the next drop could be toward $4.35, signaling bearish pressure.
Chainlink ($LINK): Strong Uptrend with Resistance at $17.50
Chainlink has surged by 9.34% in the past 24 hours, reaching $17.46 . A crucial resistance level stands at $17.50. A successful breakout could push it towards $18.00-$18.20.
Source: CoinMarketCap However, if LINK fails to maintain $16.50, a dip to $16.08 is likely . Despite a minor increase in trading volume, stronger buying pressure is required for sustained growth.
Litecoin ($LTC): Eyeing the $110 Resistance Mark
Litecoin has gained 3.07%, trading at $107.83 . After reaching $110, LTC faced resistance and pulled back slightly. If LTC breaks this level, a move toward $115 or even $120 is possible.
Source: CoinMarketCap However, a decline below $104 could lead to a retest of the $100 support level. A 23.06% drop in trading volume suggests slowing momentum.
HBAR Faces Downward Pressure, Volume Weak
Hedera has declined by 3.26%, trading at $0.2496 . It faces resistance at $0.255-$0.258, while support remains at $0.245-$0.247.
Source: CoinMarketCap If HBAR fails to hold support, a decline to $0.240 may follow. The 46.39% drop in trading volume indicates weak buying pressure, making upward movement more difficult.
Official Trump ($TRUMP): Attempting a Breakout
Official Trump has increased by 2.75% to $13.60 . Resistance at $13.75 poses a challenge, but if broken, the price could reach $14.00-$14.20.
Source: CoinMarketCap Failure to hold $13.20 could result in a retest of $12.75. However, the 23.74% decline in trading volume signals weaker momentum.
Official Melania Meme ($MELANIA): Navigating Market Uncertainty
Melania Meme has dropped 1.63%, currently trading at $0.8105 . It must break above $0.825 to confirm bullish momentum.
Source: CoinMarketCap Otherwise, a decline to $0.790 could be likely. A 24.08% decrease in trading volume suggests weaker buying activity, making an uptrend less certain.
Avalanche ($AVAX): Testing Critical Resistance Levels
Source: CoinMarketCap Avalanche has surged 6.20% to $22.04 . It faces resistance between $22.50 and $23.00. A breakout could push it higher, but failure to hold $21.50 could lead to a retest of $20.73. The trading volume remains stable, but a strong push is needed for a clear breakout.
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