Cryptocurrency prices were on edge on Monday morning as investors waited for the upcoming Donald Trump inauguration. Bitcoin soared to a record high of $109,220, making it one of the best-performing assets after surging from near $1 in 2009 to almost $110,000 today.
Crypto prices also soared amid the ongoing hype surrounding the Trump family. The incoming president launched the Official Trump (TRUMP) meme coin whose market cap jumped to over $11 billion. Melania Trump’s token also jumped, valuing it at almost $2 billion. Barron Trump has also launched his meme coin. This article provides forecasts for Fartcoin, DeXe, and Chainlink.
Fartcoin price forecast
The daily chart shows that the Fartcoin price has gone parabolic and reaching its all-time high of $2.75. It has risen in the last six consecutive days and crossed the important resistance level at $1.6115, its highest swing earlier this month. It invalidated the double-top chart pattern that was forming.
Fartcoin price has moved above the 50-day moving average, while the Average Directional Index (ADX) has tilted upwards and moved to 32. The Relative Strength Index (RSI) has moved to the overbought point at 78.
Therefore, the token will likely retreat, and retest the crucial support level at $1.6115. Such a break and retest pattern will be a bullish sign for the coin. However, a drop below that level will point to more downside to the next psychological level at $1.
DeXe price prediction
The DeXe token has been one of the top performers this year as it recently soared to a high of $21.55. This rally happened because of its staking solutions that have led to a sharp increase in assets and returns.
The DeXe price has soared from the August low of $6.06 to nearly $20 today. It also formed a cup and handle pattern, a popular continuation sign in the market. The coin has remained above the 50-day and 100-day moving averages, a sign that bulls are in control.
Therefore, the DeXe coin price will likely continue rising soon. This cup’s depth is 67%, and if we measure the same distance from $18, we get to $30.06. That is a sign that the coin will jump by 57% from its current level.
Chainlink price analysis
The Chainlink token price has gone parabolic, reaching a high of $26.35, its highest level since December 18. It has jumped above the 50-day Exponential Moving Average (EMA) and the important resistance point at $22.87, its highest swing on March 10. That price was the upper side of the cup and handle pattern.
The LINK price has moved above the upper side of the falling wedge chart pattern, a popular bullish sign. Therefore, Chainlink will likely keep rising as bulls target last year’s high of $31. A break above that resistance level will point to more gains, potentially to $35.
Read more: Chainlink price prediction: here’s why LINK may surge to $50 soon
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