3 Solana Rivals to Turn $10K into $100K in January 2025

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After a rocky beginning to the month, there are signs of recovery in the global crypto market. For instance, Solana (SOL) increased by 3% on January 11, pushing past the $186 resistance level again. Market indicators hint that as the month progresses, other competing tokens could potentially yield significant returns.

Turn $10K into $100K with Top 3 Solana Rivals in January 2025

In simpler terms, Solana, frequently seen as a benchmark within the altcoin sector, has become an essential target for traders aiming to profit during the current recovery stage of the cryptocurrency market.

The decrease in the crypto market was caused by a mix of strict monetary policies from the Federal Reserve and a large-scale sell-off linked to Silk Road that intensified negative feelings. Yet, these pressures appear to be decreasing, as SOL has regained the significant $186 level, suggesting a possible rally in altcoins.

Market focus is shifting towards the January 20 inauguration of President-elect Donald Trump, a significant event that may alter market opinions. Expected cabinet picks and policy suggestions could impact the regulatory landscape for digital assets. In light of this situation, three altcoins highlighted below seem poised for substantial growth in the upcoming weeks.

Cardano Price Forecast: $1.20 Breakout Ahead?

Based on a slight bounce observed in some technical indicators, we can cautiously anticipate a positive trend for the Cardano/USD exchange rate, suggesting a potential optimism.

If the price of ADA remains over the significant support level at $0.8982, it shows a potentially promising outlook. The Relative Strength Index (RSI) is currently at 50.48, hinting at a balanced momentum, yet it has surpassed its moving average, which could signal an impending bullish movement. A prolonged break above the immediate resistance at $0.9682 might push ADA towards $1.00, implying the start of a potential longer-term uptrend.

From a positive perspective, the growing trading volume at approximately $54.47 million suggests a renewed curiosity among investors in the market. Furthermore, the Parabolic SAR dots positioned below the candlesticks support the suggestion of an upward trend in the near future. If Cardano (ADA) manages to break past the resistance level at $0.9682, its potential targets could be at $1.0382, with a strong push toward $1.20 if the buying momentum strengthens.

If Cardano (ADA) can’t maintain its upward push beyond the resistance point, a bearish outcome is still possible. A fall below $0.8982 might rekindle selling activity, which could push the price down to either $0.8661 or the crucial support at $0.8282.

Ethereum Price Forecast: Breaching $3,450 Resistance Could Trigger Further Gains

Currently, Ethereum (ETH) is being exchanged at approximately $3,270. This follows a period of consolidation after a significant drop from the $3,450 mark. The trading chart includes Donchian Channels (DC), which indicate potential support at around $3,158 and resistance close to $3,744. The midpoint of these levels, or $3,451, serves as a dynamic pivot point. At the moment, Ethereum is near the lower boundary of this range, suggesting a possible breakout could occur in either direction.

In an optimistic forecast, the price of ETH might rise to challenge and potentially surpass $3,450, making it a new support level. If this happens, it could then aim for the midline at approximately $3,744. To substantiate such an increase, trading volume would need to markedly increase. As of now, the volume is relatively moderate. Moreover, the Moving Average Convergence Divergence (MACD), currently reading -35.24, indicates a reduction in bearish momentum. This decrease suggests that a possible crossover could occur, potentially signaling the start of an upward trend. A prolonged surge may attempt to breach the $3,800 psychological resistance.

Instead of recovering $3,400, not doing so might cause ETH to revisit the price level of $3,158 again. The bearish MACD line and decreasing trading volume suggest a decrease in buyer enthusiasm. If the support at $3,158 fails, ETH could continue losing value, potentially dropping down to around $3,000.

Dogecoin Price Forecast: Trump Inauguration Could Spark $1 Breakout

On January 11, Dogecoin’s price surpassed $0.33, marking a slight rebound following a significant drop from $0.40 earlier. The Keltner Channels (KC) suggest potential support around $0.2942 and resistance at $0.4003, with the midline at $0.3472 serving as a crucial turning point. The current price trend close to the lower boundary implies uncertainty, while the ADX stands at 21.85, signaling a feeble directional movement.

In a positive outlook, Dogecoin (DOGE) might regain its median level at approximately $0.3472 and strive to break through the resistance at $0.40. A significant increase in trading volume would be crucial to support this progression, as the recent period of consolidation around $0.30 suggests that investors are stockpiling. Overcoming the $0.40 threshold might trigger optimism, with potential subsequent targets near $0.45, particularly if the Average Directional Index (ADX) starts to trend upward, indicating a buildup in momentum.

Instead, if the value of DOGE falls short of $0.33, it might challenge the $0.2942 support level. If it drops below this point, a further decline could occur.

The price is trending downwards towards 26 cents. The low ADX value implies a weak trend, indicating that the market may continue to stabilize without significant change until an event triggers a shift in market opinion.

How Trump’s Inauguration Could Spark Altcoin Momentum in January

The upcoming inauguration of President-elect Donald Trump in January is forecast to spark a surge of optimism throughout the cryptocurrency market, particularly for alternative coins such as Cardano (ADA), Ethereum (ETH), and Dogecoin (DOGE). With Trump’s proposed emphasis on deregulation and pro-business policies, there could be less ambiguity regarding crypto regulations, leading to a resurgence of investor trust.

For Cardano (ADA), clear regulatory guidelines could fuel institutional interest, potentially enabling ADA to surpass the $1.20 barrier that has been acting as resistance. Reducing market apprehensions could boost buying pressure even further. On the other hand, Ethereum (ETH) currently finding itself near significant levels, might witness rapid adoption and investment if the market sentiment becomes overwhelmingly bullish, possibly pushing ETH prices beyond $3,800. Lastly, Dogecoin (DOGE), may see its bulls seize the opportunity offered by the creation of the D.O.G.E department, attempting to conquer the $0.40 resistance and potentially igniting a rally that could lead DOGE to $1.

As investors prepare for a significant shift in U.S. policy, these competitors of Solana are ready to capitalize on market sentiments that may turn advantageous. With technical factors lining up and external triggers imminent, the year 2025’s start could bring substantial profits to traders who get in early.

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2025-01-12 21:16