Solana may likely continue to face challenges in the short term despite stable fundamentals.
iDEGEN is concluding its presale with the same excitement that has propelled it throughout the presale as investors are anxious about missing out.
Even with the probable approval of a Litecoin ETF, the bulls lack sufficient momentum to trigger a breakout.
Crypto bulls remain dominant amid hopes of a 2025 bull run. Nonetheless, given a neutral market sentiment, most major cryptocurrencies remained range-bound in the recently completed week. Even so, meme coins continue to entice shrewd investors searching for economical alternatives with substantial growth prospects.
Since launching its presale on November 26, 2024, iDEGEN has taken its supporters on a thrilling journey; generating significant returns for its early backers along the way. With only a few days remaining before its debut on decentralized exchanges (DEXs), market participants anticipate a remarkable entry. Consequently, more investors are hurrying to accumulate $IDGN tokens before time runs out.
Solana price trapped in the conflict of optimism vs. technicals
Solana price continues to find encouragement in the hope of a bull run in 2025. Additionally, the increase in altcoin ETF filings serves as a crucial tailwind for the cryptocurrency major.
However, buyers are still on the outskirts as market sentiment stays neutral. With this diminished bullish momentum, Solana price wasn’t able to maintain a rebound above $180 earlier this week.
Examining its daily chart reveals the persistence of the death cross pattern as the short-term 25-day EMA holds below the 50-day MA. At its current position, bulls are eager to protect the support at $167.68. Should it drop below that mark, bears will aim to push it further down to $160.10. On the upper end, $186.21 remains the resistance point to conquer for the crypto to execute a successful breakout.
iDEGEN’s timing, community, and positioning positions it for unparalleled heights
iDEGEN’s viral success demonstrates that the market is prepared for projects that challenge conventions. Indeed, the lack of restrictions is one of the factors that have propelled the AI crypto to its existing levels.
Crypto degens have played a crucial role in nurturing the AI agent, continuously providing it with uncensored material. This community has become so dedicated and impactful that even bans on X couldn’t halt the movement—rather, it only ignited the FOMO.
Consequently, iDEGEN has raised over $24 million with more than 1.8 million $IDGN tokens already sold. At its present price of $0.0345, early backers are enjoying returns exceeding 31,000% even prior to its public debut.
Based on its infrastructure, timing, and virality, iDEGEN holds remarkable growth potential. Regardless of whether the increased speculations of a Binance listing will materialize, the crypto is poised for impressive heights backed by a crypto-friendly atmosphere, an engaged community, and the integration of AI in the crypto landscape.
Moreover, its competitors like Hamster Kombat, AI16z, and Fartcoin, which were introduced in October 2024, have since surpassed a market cap of $100 million. In fact, AI16z is currently valued at over $400,000. With this substantial endorsement of AI cryptos, iDEGEN’s valuation is likely to soar by at least 10X in the upcoming months. Discover more about purchasing the iDEGEN token here.
Optimism surrounding a Litecoin ETF insufficient to trigger a breakout
The SEC is currently evaluating Canary Capital’s proposal for a Litecoin ETF; a factor that is providing support to the altcoin. On its daily chart, it continues to trade above the 25 and 50-day EMAs; indicating potential further gains in the near future.
Nonetheless, with buyers remaining on the sidelines, Litecoin price may stay range-bound for a longer period. More specifically, the span between $120.25 and $131.25 deserves attention. Increased optimism could further elevate the altcoin to meet resistance at $135.12.
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