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Cryptocurrency News Articles
Bitcoin (BTC) Path to $112K Hinges on Key Resistance, SOL, $TRUMP, and XRP See Varied Price Action
Jan 29, 2025 at 04:34 pm
Bitcoin (BTC) is holding steady above $100,583, maintaining its bullish trend despite market volatility. Traders are watching its key resistance at $108,364
Bitcoin (BTC) price pulled back sharply on Monday, invalidating a recent breakout attempt. BTC price is now back below a crucial resistance zone, putting the brakes on its recent rally. However, altcoins like Solana (SOL), $TRUMP, and XRP are still showing potential for further gains.
Bitcoin’s Path to $112K Hinges on Key Resistance
Bitcoin price bounced off an immediate support at $100,583 after a pullback from $108,364 on Monday. A move above this level could push BTC to $112,000 and higher.
On the downside, if bears take control, a dip below $96,474 could bring BTC down to $89,471, a price level that has acted as strong support in the past.
Solana Faces Resistance at $244—Breakout or Reversal?
Solana (SOL) price is trading at $235.90, consolidating after its recent rally.
The $244 resistance remains a hurdle, and a breakout above this level could send SOL toward $264 and $295. On the downside, if $220 support fails, SOL may decline to $205 or even $175.
Technical indicators show mixed signals:
Long-term forecasts remain bullish, with analysts eyeing $450 by 2025 and $650 by 2026 if Solana adoption continues to expand.
$TRUMP Stalls Below $30.47—Will Bulls Regain Control?
The $TRUMP token is currently trading at $29.32, cooling off after its recent rally. Resistance at $30.47 remains a key barrier, with potential upside toward $35.50 and $40 if it breaks through.
However, if support at $24.58 fails, $TRUMP could drop as low as $20.
Related: TRUMP Coin on the Decline. Over Already? Also, PEPETO Presale Takes Off
Technical indicators show:
Price projections for 2025 place $TRUMP’s range between $20 and $75, reflecting market sentiment and potential catalysts ahead.
XRP Eyes Bullish Breakout Above $3.40
XRP price continues to show strength after bouncing off $2.75–$2.80 support. It is now testing resistance at $3.37–$3.40, a critical level that could confirm a breakout.
Related: The Real Reason XRP, Solana, and Dogecoin Tanked 11% Today
If $3.15 holds as support, XRP could push toward $3.50 and even $3.75 in the near term. Further gains will depend on broader market conditions and investor sentiment.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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