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AVALANCHE PRICE ANALYSIS & PREDICTION (January 20) – Avax Signals New Rally With a Double-Bottom Pattern, Up 10% Weekly

After correcting by over 20% in over a month, Avax finally found solid ground and established support. As the demand level rises, it shows signs of strength following a bounce back this week. Avax ended a five-week correction with a double-bottom pattern after staying above $32 this week. Because of the hold, this price level is now considered base support on the daily chart. The bulls acted upon that, and as we can see on the daily chart, the bullish pattern is interestingly playing out well as they have gained control of the market since the start of this week. A further surge in volatility should strengthen the market and bring more growth. However, the latest surge has yet to confirm a breakout. A strong push above the previous monthly high should validate a break, which could lead to a mega rally in the near term. There’s nothing much to expect from the bears, as they are currently off the market. If they manage to step back in, we may see a drop. Still, the price must break below the monthly low before confirming a continuation. But following the latest positive sentiment surrounding the entire market lately, there’s no room for selling. The bulls will likely have an upper hand in the future. Avax’s Key Level To Watch Source: Tradingview The potential obstacle for buying right now is the $45 resistance level. If the bulls overcome, they may face resistance at $50 before reclaiming the $55.5 resistance, where a major breakout lies. Currently, there are no signs of bears in the market. If they intercept the latest buying, the support level to watch for a pullback is $38. Failure to bounce off it could result in a dip to $33.6 and potentially $30.6. Key Resistance Levels: $45, $50, $55.5 Key Support Levels: $38, $33.6, $30.6 Spot Price: $40.9 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: ivanbabydov/ 123RF // Image Effects by Colorcinch CoinTurk News

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R. Kiyosaki reveals his take on TRUMP coin

As the cryptocurrency community digests President-elect Donald Trump ‘s controversial launch of the Official Trump (TRUMP) meme coin, author and investor Robert Kiyosaki has shared a skeptical view on the development. The ‘Rich Dad Poor Dad’ author limited his comments on the coin but offered a general perspective on cryptocurrency, stating that the sector as a whole is evolving into a “farce,” straying from its initial purpose as the future of finance , he said in an X post on January 19. With the unveiling of celebrity-endorsed tokens like TRUMP, which lack significant underlying fundamentals, Kiyosaki argued that the sector is becoming tyrannical. “What do I think about TRUMP COIN? Not much. Unfortunately, the whole crypto world is becoming a “tranny” transforming from the “future” to a farce,” Kiyosaki said. The financial educator also used the opportunity to emphasize his investment philosophy, anchored in tangible assets like gold , silver , and Bitcoin ( BTC ), while dismissing other products such as exchange-traded funds ( ETFs ). Indeed, Kiyosaki remains bullish on these three commodities , projecting they are ideal stores of wealth, especially during his forecast of an impending market crash . What do I think about TRUMP COIN? Not much. Unfortunately, the whole crypto world is becoming a “tranny” transformimg from the “future” to a “farce.” I hold my course buying real Gold, real silver, and real Bitcoin. As a personal rule I do not invest in any ETFs. I am old… — Robert Kiyosaki (@theRealKiyosaki) January 19, 2025 TRUMP launch controversy On January 17, Trump surprised the cryptocurrency and the financial world in general by announcing the launch of TRUMP in what he described as a celebration. The coin launched on the Solana ( SOL ) network experienced a meteoric rise within hours, surging by about 30,000% to peak at $75 on January 19. However, TRUMP later suffered a significant correction, losing almost 50% of its value and dropping to $40 at one point before recovering. The drop was attributed to investors redirecting capital to another new meme coin launched by incoming First Lady Melania Trump, MELANIA, which also recorded a meteoric rise. TRUMP’s price recovery emerged in the wake of news regarding the continued listing of the coins on major trading platforms. Robinhood (NASDAQ: HOOD ) is among the latest platforms to announce the listing, joining other exchanges, including Bitget , KuCoin , and Kraken . The coin’s structure—80% of its supply reportedly held in Trump’s wallet and no lockup period—has raised ethical concerns about potential market manipulation and a “rug pull.” TRUMP token distribution by group. Source: The Kobeissi Letter To this end, cryptocurrency scam investigator Stephen Findeisen (Coffeezilla) criticized the setup and speculated that incoming regulators might protect the project from legal scrutiny. Overall, given Trump’s pledge to spearhead cryptocurrency growth in the United States once he assumes office, his decision to roll out a highly speculative asset with no underlying value has elicited questions about its impact on more established entities like Bitcoin. TRUMP price analysis As of press time, TRUMP was valued at $57, dropping nearly 9% in the past 24 hours. Its market capitalization was about $11.45 billion. The sudden surge in TRUMP’s value and recovery since Sunday’s dip suggests potential for further growth, driven by any hype surrounding Trump’s January 20 inauguration. Like all other meme cryptocurrencies, the coin remains precarious due to the volatility associated with such an asset. However, as the first meme token launched by a U.S. president, it remains to be seen which direction the coin will ultimately take. Featured image via Ben Shapiro’s YouTube . The post R. Kiyosaki reveals his take on TRUMP coin appeared first on Finbold . CoinTurk News