3 Altcoins to Watch in the Third Week of January 2025 | Airdrop Alert Pro

We are nearly halfway through January, and the cryptocurrency market is off to a sluggish start to 2025. As Bitcoin struggles to break above the $95,000 mark, altcoins face challenges in recovering or rebounding significantly.

However, some external factors suggest that some coins may soon see significant growth. BeInCrypto analyzes three altcoins worth watching.

Shiba Inu(SHIB)

Shiba Inu price The past month has been trading within a falling wedge, a formation that often signals an underlying bullish move. After retesting the lower trend line, SHIB It seems ready to break through the upper limit, triggering expectations of a breakthrough.

If a breakout occurs, the altcoin’s next resistance level could be $0.00002279. The falling wedge indicates a potential 49% rebound, which could push SHIB to $0.00003325, restoring investor optimism and signaling a strong recovery.

However, if Shiba Inu failed In order to maintain momentum and break below the lower trendline, it risks further declines. This retracement could push SHIB towards the support at $0.00001922, invalidating the bullish outlook and leaving the altcoin vulnerable to additional losses.

Phantom(FTM)

phantom price It’s been underperforming recently, but upcoming developments could change its trajectory. Token exchange from FTM to S is set to begin this week, which could provide a catalyst for improving market sentiment and price action.

Investors can choose to exchange their tokens for free over the next three months. This feature is likely to attract widespread attention and encourage bullish momentum, pushing the price of FTM above the $0.76 resistance and possibly towards $0.87 in the near term.

However, if investor reaction to the token swap remains lukewarm, Phantom can Trying to break above $0.76. In this case, the cryptocurrency could fall below the key support level at $0.63, invalidating the bullish outlook and extending the current underperformance.

dough (dough)

De Jin has Caught in a downtrend over the past week, the price is currently trading at $0.0088, below the support at $0.0092. The decline highlights ongoing bearish pressure, making investors cautious about short-term recovery prospects.

However, the upcoming liquidity mining airdrop on January 15th is likely to attract a lot of attention and capital. This event has the potential to reverse the downward trend and push the price of DEGEN towards $0.0117. A break above this resistance could pave the way for a rally towards $0.0148, restoring investor confidence and making it a key altcoin to watch.

If the downtrend continues, the price of DEGEN may drop to $0.0078 to test the key support level. Failure to hold this support could lead to further declines and the price could drop to $0.0071, invalidating the current bullish outlook.