Market
Ethereum Battle Persists: Will It Overcome The Struggles?
Ethereum price struggled to continue higher above $3,420 and dipped. ETH is now approaching $3,150 and might struggle to start a fresh increase.
- Ethereum started a fresh decline from the $3,420 resistance zone.
- The price is trading below $3,250 and the 100-hourly Simple Moving Average.
- There was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start another increase if it stays above the $3,150 support level.
Ethereum Price Breaks Support
Ethereum price started a decent upward move from the $3,280 level, like Bitcoin. ETH was able to surpass the $3,320 and $3,350 resistance levels.
The pair even surpassed $3,400 and tested $3,420. A high was formed at $3,427 and the price corrected most gains. There was a move below the $3,320 and $3,220 support levels. Besides, there was a break below a key contracting triangle with support at $3,320 on the hourly chart of ETH/USD.
A low was formed at $3,161 and the pair is now consolidating losses. Ethereum price is now trading below $3,250 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,220 level or the 23.6% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low.
The first major resistance is near the $3,250 level. The main resistance is now forming near $3,300 or the 50% Fib retracement level of the downward move from the $3,427 swing high to the $3,161 low.
A clear move above the $3,300 resistance might send the price toward the $3,350 resistance. An upside break above the $3,350 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,420 resistance zone or even $3,500 in the near term.
More Losses In ETH?
If Ethereum fails to clear the $3,250 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120.
A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $3,150
Major Resistance Level – $3,250
Market
TRUMP Price Climbs 10% as Market Cap Nears $6 Billion
TRUMP’s price has risen 10% in the past 24 hours but remains 20% lower over the past week, maintaining its reputation as one of the most hyped meme coins ever. Its market cap currently sits at $5.9 billion, significantly down from its peak of nearly $15 billion on January 19.
Technical indicators, including RSI and CMF, point to stabilization, with momentum shifting toward neutral territory as buyer interest picks up. Key resistance and support levels will play a crucial role in determining if TRUMP can regain its upward momentum or face further declines.
TRUMP RSI Is Currently Neutral
TRUMP Relative Strength Index (RSI) has risen to 50, up from 40 just a day ago. That indicates a shift toward more neutral momentum after a period of bearish pressure.
The increase suggests a growing balance between buying and selling activity, potentially signaling stabilization in its price movement.
The RSI is a momentum indicator used to measure the speed and magnitude of price changes. It ranges from 0 to 100, with values below 30 indicating oversold conditions. Values above 70 signal overbought conditions, and around 50 reflect neutral momentum.
With TRUMP RSI currently at 50, the coin is neither overbought nor oversold. That suggests the potential for a directional move depending on whether buying or selling pressure dominates next.
TRUMP CMF Is Still Negative, But Rising Fast
TRUMP Chaikin Money Flow (CMF) has improved to -0.08, rising significantly from -0.37 just two days ago. This upward movement indicates a reduction in selling pressure and hints at increasing capital inflows, though overall outflows still slightly outweigh inflows.
The CMF is a technical indicator that measures the flow of capital in and out of an asset, using a volume-weighted average of accumulation and distribution. Positive values indicate capital inflows, while negative values suggest outflows.
With TRUMP CMF at -0.08, the improving trend suggests growing buyer interest. If the metric crosses into positive territory, this could help stabilize its price and potentially shift momentum toward the upside.
TRUMP Price Prediction: Can It Recover a Strong Uptrend?
TRUMP price faces a key fundamental resistance at $30.33, which, if broken, could pave the way for a test of $45.20. This would solidify TRUMP’s third-place position among the biggest meme coins in the market, behind SHIB and DOGE.
Should the token regain its strong momentum from last week, it might climb further to test $64.50 and potentially reach $71.80, signaling significant bullish opportunities.
However, if the downtrend resumes, TRUMP price could fall back to test the $15.43 support level. Losing this critical support could lead to further declines, putting additional bearish pressure on the token’s price and potentially signaling a deeper correction.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Fake DeepSeek Meme Coins Reach Huge Market Caps
A fake meme coin advertising itself as DeepSeek gained a market cap of over $12 million today before crashing. Since the Chinese AI protocol took the US tech sector by storm, several scam assets have used its branding to reap huge profits.
The crypto community is facing an epidemic of major scams preying on total novices to the space. Meme coin launchpads are only making the issue worse.
Scam DeepSeek Meme Coins Take Off
The arrival of DeepSeek, the Chinese AI program that disrupted the whole crypto market, has led to a truly bizarre situation. Its widespread publicity sparked declines in Nvidia and in AI-related cryptoassets, so scammers began exploiting the hype.
A few fake DeepSeek tokens have appeared on Pump.fun, and they’re already trending on decentralized exchanges. Users are still investing in these tokens, even though DeepSeek previously clarified that it had no connection with any digital asset.
“DeepSeek has not issued any cryptocurrency. Currently, there is only one official account on the Twitter platform. We will not contact anyone through other accounts. Please stay vigilant and guard against potential scams,” the firm claimed earlier in January.
Seek, the first fake DeepSeek token, launched yesterday. It managed to accumulate a $48 million market cap before slumping. This first rug pull was so successful that scammers released another.
A Solana-based meme coin traded under the “DeepSeek” name and reached a market cap of over $12 million. Most disturbingly, the fake token is trending number one on GeckoTerminal, in terms of daily transactions.
Since Donald Trump launched his own meme coin, a flurry of brazen scams and ripoffs has covered the space. Scammers stole over $857 million using the TRUMP token, and impersonators have paraded as US government agencies or world leaders.
In this context, these fake DeepSeek tokens fit right into the milieu. A survey claimed that 40% of investors in TRUMP are first-time crypto holders. Billions of dollars are flowing into the crypto industry, and total newcomers are plunging in headfirst.
Many of them are paying the price for their lack of knowledge and awareness. Simply put, it’s easier than ever to make a fake meme coin, and DeepSeek is currently the most viral topic on social media. So, scammers are fully utilizing this hype.
It’s not easy to say how the crypto community will work through this mess. Industry heavyweights like Ethereum founder Vitalik Buterin have warned against the scam-heavy culture, but there’s no easy solution to it.
For the time being, more scam DeepSeek tokens will likely enter the market until this viral hype fades down.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
3 best AI altcoins under $1 that could deliver huge returns in early 2025
If you’re trying to decide on the best AI altcoins under $1 then it’s worth taking a look at three that many analysts agree offer huge growth potential: RCO Finance (RCOF), The Graph (GRT), and Basic Attention Token (BAT).
Among these three, a growing number of crypto experts are increasingly favoring RCOF because of its lower entry price.
RCO Finance: The Future of DeFi with AI Trading and No-KYC Access
RCOF is one of the best AI altcoins that powers innovative AI-powered DeFi solutions in the RCO Finance ecosystem. The AI robo advisor of RCO Finance is a great tool that simplifies investing and trading by offering investment strategies.
It can also locate emerging market trends and alert you in real-time. It continuously analyzes live market data from sources like Reuters and Bloomberg and provides insights quickly.
For example, the crypto market has crumbled with the rise of DeepSeek AI and BTC has dropped below $100,000. Imagine getting this news before everyone and shorting BTC with 1000x leverage options offered in the RCO Finance platform.
You could have made a massive amount of money with just $100. In addition, the AI robo advisor can automatically adjust your portfolio in real-time without your intervention. RCO Finance is just in the presale stage and has already shipped its beta platform to the public.
Check out its beta version and analyze its capability yourself now. Moreover, RCO Finance takes privacy seriously and offers a KYC-free ecosystem. This has eased the onboarding process and guarantees the anonymity of users joining the platform.
GRT Signals Bullish Reversal Despite Recent Decline
On January 10, 2025, The Graph introduced Geo Genesis, a Web3 application designed to decentralize knowledge sharing. Geo Genesis allows users to manage, share, and govern knowledge through collaborative hubs called “Spaces.”
Built on the GRT network, it uses the GRC-20 data standard to enable unified knowledge graphs. Yet, GRT was trading around $0.16 in late January, with a decrease of over 20% in the past week.
Despite this, analysts say that GRT is showing a sign of bullish divergence in the RSI. They expect GRT to reverse the trend and move upward toward $0.30. This shows analysts’ belief in GRT, making it one of the best AI altcoins under $1.
EMA Re-Test Could Pave the Way to $0.30 for BAT
BAT is another of the best AI altcoins under $1, trading around $0.21 in late January. Analysts say that BAT has reached a significant resistance and is getting rejected at $0.25.
In the short term, this could slow down the upward momentum. However, re-testing crucial EMAs could be a vital area of focus. If BAT can break above $0.24, it could head toward $0.30 or higher.
Amid these, crypto experts predict that new crypto could outshine other best AI altcoins like BAT and GRT. It would be wise to add this new altcoin–RCOF for huge gains of up to 500x in early 2025.
RCOF Emerges as a Top Pick Among Best AI Altcoins with $12M Presale Success
RCOF token presale is attracting every investor who wants to buy the best AI altcoins and has raised nearly $12 million by late January. Currently, in Stage 5 of its public presale, RCOF has a great entry point of $0.10 among other AI altcoins under $1, like GRT and BAT.
In Stage 6, RCOF will be available at $0.13 per token, a 30% increase from the current stage. Investors are in FOMO mode, with many rushing to buy this AI altcoin because of its potential for huge returns in early 2025.
If RCOF gets listed on top-tier exchanges like Binance and Coinbase, some experts are convinced it will return over 500x profits. They also expect the adoption of the RCO Finance platform by institutional investors for investment.
In addition, the RCO Finance platform is secure, and its smart contracts are fully safe, as suggested by SolidProof.
For more information about the RCO Finance Presale:
-
Regulation7 hours ago
France probing Binance over fraud, money laundering: report
-
Market23 hours ago
Meme Coins, AI, and Made in USA
-
Market22 hours ago
Key Hurdles Blocking Its Path?
-
Regulation22 hours ago
US Senate Confirms Pro-Crypto Scott Bessent As Treasury Secretary
-
Ethereum22 hours ago
Ethereum Price Forms Flag And Pole Pattern For Possible Breakout, New Targets Emerge
-
Market21 hours ago
3 Smart Wallet Addresses To Monitor This Week
-
Altcoin21 hours ago
Analyst Predicts Major Dogecoin Price Crash To $0.26, But There’s Good News
-
Market9 hours ago
MEXC Leads Q4 2024 Meme Trading Wave: 140% QoQ Volume Growth & 240 New Projects Added