As the hype around President Trump's return to office subsides, cryptocurrencies continue to experience increased market volatility. Still, greed remains the dominant sentiment dominating the market, as investors remain optimistic about a crypto-friendly environment under the Trump administration.
While bullish sentiment favors most cryptocurrencies, Ethereum is under pressure from criticism and leadership issues rocking the Ethereum Foundation. on the other hand, Idegen is expanding its horizons and growing through video content built into its latest V3 upgrade. Beyond its popularity, smart investors are buying into its potential as a leader in the AI ​​meme coin space.
Ethereum price remains range bound as leadership battles negative sentiment
ETH price Charts by TradingView
Ethereum prices remain under pressure, even as fear of missing out (FOMO) is underpinning the broader crypto market. In particular, leadership issues within the Ethereum Foundation have alarmed some investors. Therefore, ETH/USD will underperform against other crypto majors such as Solana and Bitcoin.
For example, following the decision to host Trump's meme coin, SOL/USD rose to an all-time high of $294.94 on January 19, before declining in a correction to $254.96 as of press release. It is these missed opportunities and seemingly misplaced priorities that have led to community criticism of Ethereum.
Additionally, total net inflows for BTC spot ETFs for the week ending January 24th were $1.76 billion, as seen on SoSoValue. In comparison, the ETH Spot ETF had $139.32 million.
Amid this selling pressure, ETH/USD lacks enough bullish momentum to break through the key zone resistance at $3,500. In fact, the formation of a bearish death cross about two weeks ago suggests that range trading will continue in subsequent sessions.
Specifically, the $3,410 to $3,240 range is worth noting. Above the upper end of the range, the bulls are likely to face resistance at $3,479. On the contrary, further selling pressure will force the bulls to defend the $3,195 support zone.
iDEGEN's strong social capital plans to maintain growth even after pre-sale
In 2009, Bitcoin was launched as a decentralized digital currency to compete with fiat currencies. What began as an asset with little monetary value has since skyrocketed to $105,013, and analysts expect it to reach $200,000 by 2025.
iDEGEN has similar potential. In fact, some see it as the Bitcoin of AI meme coins. AI has rightfully secured its place as the king of memes with the sense to revolutionize the crypto space. The project, which started as a clean slate, received 1.44 million impressions in just two months and over 21,000 holders of the $1.56 billion worth of IDGN tokens already sold.
Clearly, smart investors are looking beyond its virality and buying into its potential. First of all, this unique social experiment has strong social capital and has already reached heights beyond the imagination of its creators. Even the two bans against X could not include this project, which redefined the concept of “by the community, for the community.”
In fact, it has become even more powerful and is attracting significant attention in the US and UK. With the latest V3 upgrade, video content will become even more popular. By entering the Telegram frontier during the V2 upgrade, the project raised an additional $1 million within 24 hours.
Moreover, there is only one month left until the company goes public on February 27th. As this project gains the attention of more meme coin enthusiasts, expectations are rising and FOMO is intensifying. Savvy investors realize that this may be the only opportunity to own $IDGN tokens at the current price of $0.0146. Early adopters are already reaping huge profits with returns of over 13,000%.
See details on how to purchase Idegen
Double top pattern in Cardano price suggests consolidation phase
ada price Charts by TradingView
ADA/USD traded positively for the second week in a row, despite falling 14% from its one-month high hit about a week ago. Altcoins will remain under pressure in the short term as market volatility increases.
Looking at the daily chart, we can see that a bearish double top pattern has formed in the first half of the month. Furthermore, the RSI of 50 suggests a period of continued range trading as the bulls defend the support zone at $0.9608.
At current levels, the cryptocurrency is hovering around the 20-day EMA of $1.0055. If it rebounds above this level, it will likely face resistance at $1.0471.
