8 Altcoins Draw Trader Attention Ahead of the White House Summit

The cryptocurrency market has turned active as investors keep a close eye on specific altcoins ahead of the White House summit.

The cryptocurrency market shows signs of increased activity 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

Eight altcoins have drawn significant attention. These include Bonk (CRYPTO: BONK), Polkadot (CRYPTO: DOT), Chainlink (CRYPTO: LINK), Litecoin (CRYPTO: LTC), Hedera (CRYPTO: HBAR), Official Trump (NYSE:TRUMP) ($TRUMP), Official Melania Meme ($MELANIA), and Avalanche (CRYPTO: AVAX).

Each of these coins has shown distinct price movements, indicating unique market sentiment and potential opportunities.

Bonk: Key Resistance at $0.0000128-$0.0000130

Bonk has seen a slight increase in price, climbing 1.08% to reach $0.001282. However, its 24-hour trading volume has decreased by 22.93%, hinting at reduced market activity.

A crucial resistance zone exists between $0.0000128 and $0.0000130. If the price manages to break through this range, it may signal bullish momentum and open the door for a move toward $0.0000138 or higher.

Conversely, if Bonk fails to break through the resistance and experiences selling pressure, we could see a pullback toward $0.0000122 or lower.

Polkadot: Price Up But Volume Declines

Polkadot’s price has risen 3.07%, reaching $4.53, while market capitalization has also grown. However, its trading volume has decreased significantly by 26.90%, indicating weaker buying or selling pressure.

Polkadot 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.

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.

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.

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.

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.

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

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