With Donald Trump assuming office as President of the United States, the cryptocurrency market has witnessed increased volatility. While some altcoins have surged, others have faced major crashes, many of which are gaining attention due to recent developments.
BeInCrypto analyzed three altcoins that were popular in the past 24 hours and explored what might await them in the coming days.
United States Donald Trump (Trump)
Trump gained a lot of attention this week as the official cryptocurrency of US President Donald Trump. Since its launch, the coin has gained massive traction and is now ranked 24th among the top 100 cryptocurrencies, marking a rapid rise in importance within the market.
The token recently reached an all-time high (ATH) of $79 and is currently trading at $41. If Trump can secure the $45 support level, he may resume his bullish momentum and make another attempt at ATH, indicating a strong bullish sentiment among investors.
However, profit taking could put pressure on the symbol, preventing it from exceeding $45. A drop below this critical level could lead to a drop below $34, which could invalidate the bullish outlook. In a worst-case scenario, Trump’s price could fall to $26, reflecting a major shift in market sentiment.
World (WLD)
World (WLD) captured investor attention after announcing Sam Altman’s OpenAI collaboration with Oracle and SoftBank. Together, they plan to invest $500 billion in artificial intelligence infrastructure in the United States under the Stargate project, which President Trump supports. This strategic move has boosted confidence in WLD and positioned it as a popular alternative currency.
WLD’s price is up 12% in the past 24 hours, driven by positive sentiment surrounding this partnership. This rally may enable the altcoin to reclaim the 4-month uptrend line as support. If this happens, WLD could target $2.55 in the coming days, strengthening its bullish momentum.
However, if WLD fails to break the $2.17 resistance level, it risks losing momentum and falling to $2.00 or lower. A further decline to $1.74 could completely invalidate the bullish outlook, indicating a potential shift in market sentiment against the cryptocurrency.
Bonk (bonk)
BONK came into the spotlight after the opening of the US Department of Government Efficiency (DOGE), spurring renewed interest in dog-themed meme coins. This development has raised BONK’s profile in the cryptocurrency market, attracting significant interest from both individual and institutional investors looking for speculative opportunities.
The coin posted an 8% increase, trading at $0.00003236 and eyeing $0.00003151 as a crucial support level. Securing this minimum would boost the memecoin’s recovery prospects, which could attract further bullish momentum.
However, failure to hold the $0.00003151 support could lead to a decline towards $0.00002748. Such a decline would only invalidate bullish expectations and also signal a broader loss of confidence in the token’s potential for recovery.
Disclaimer
In line with Trust Project guidelines, this price analysis article is intended for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy and Disclaimer have been updated.
