As November draws to a close, the crypto community turns its attention to the upcoming inauguration of the new President on January 20. With cabinet nominees who are supportive of cryptocurrencies being announced, including the crucial roles of Treasury and Commerce Secretaries, the market is buzzing with speculation. The anticipated resignation of Gensler prior to the inauguration adds to the uncertainty surrounding the future value of TIA and FIL coins.
What Are the Price Predictions for TIA and FIL?
Market analyst Captain Faibik indicates that FIL Coin is on the verge of breaking a long-standing downtrend, which could set the stage for significant price gains. If successful, Faibik forecasts a potential increase of at least 30%, with prices possibly hitting $30.98, representing a 5.4-fold surge.
“FIL is attempting to breach a multi-year main trend line on the weekly timeframe! A successful breakout could send it up +30 in the medium term…”
Prominent analyst Pentoshi highlights the resurgence of TIA Coin, noting its recovery against both USD and BTC after a period of volatility. He mentions the possibility of upward momentum and plans to increase his investment if conditions are favorable.
“After months of fluctuations, it looks great with the regained significant horizontal levels. I feel a lot of upward movement is possible…”
Is the Altcoin Market Ready for a Comeback?
Moustache reports that the altcoin market is approaching a pivotal 3.5-year resistance level. Historical trends suggest that this could lead to a significant bullish phase, with many traders hopeful for outcomes similar to those in earlier cycles.
“The 3.5-year resistance in the TOTAL2 chart is about to be reclaimed. I believe this is one of the biggest moments, and it will trigger the next significant Altseason after 2017…”
With BTC priced at $98,000 and ETH striving to maintain levels around $3,400, the crypto landscape is charged with anticipation as traders speculate about the next moves in the market.