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Title: 3 Altcoins Gaining Momentum in the Third Week of January
As we enter the third week of January, it’s become increasingly clear that some altcoins are gaining momentum and refusing to be left behind. Among these standouts are Shiba Inu (SHIB), Fantom (FTM), and Degen (DEGEN). Each of these cryptos has unique catalysts driving their potential breakouts.
Shiba Inu (SHIB)
After weeks of stagnation, SHIB is poised for a bullish breakout, possibly targeting $0.00002279 as the next resistance level. The formation of a falling wedge pattern on Trading View suggests that a significant upswing is imminent. If this rally materializes, SHIB could potentially soar to $0.00003325, giving investors reason to be optimistic about the future.
Fantom (FTM)
FTM has been struggling, but recent developments may spark a shift in sentiment. A token swap from FTM to S commences this week, offering free token swaps for three months. This development could revitalize market interest and propel FTM’s price higher. Breaking above $0.76 resistance could open the door to $0.87 in the short term. If momentum builds, Fantom could experience a swift rebound.
Degen (DEGEN)
In contrast to its peers, DEGEN has been trending downward. However, an impending liquidity mining airdrop on January 15 may be enough to reverse this downtrend. This event could attract fresh attention and help DEGEN break through $0.0117, ultimately targeting the lofty $0.0148 mark.
As we move deeper into January, these three altcoins – SHIB, FTM, and DEGEN – have caught our attention due to their unique catalysts driving a potential upside. Investors looking for growth in 2025 would do well to keep an eye on these cryptos as they unfold.
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Source: cryptonewsland.com
