As we approach the final Sunday of November, the inauguration day for Trump is coming near. The new President, who will take office on January 20, is announcing crypto-friendly cabinet nominees. The roles of the Treasury Secretary and the Commerce Secretary are extremely crucial, as both individuals show a strong affinity for cryptocurrencies. Additionally, Gensler has announced his resignation before January 20. This raises questions about the future values of TIA and FIL coins.
Price Targets for TIA and FIL Coins
In today’s market analysis, Captain Faibik notes that FIL Coin is attempting to break its long-term downtrend line. The disruption of such long-term declining trends is significant, as it lays the groundwork for substantial gains in altcoins. If Faibik’s predictions are correct, we could witness a minimum increase of 30%.
“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…”
According to the analyst’s target, the price could aim beyond 30%, potentially reaching $30.98, marking a 5.4-fold increase.
Pentoshi, a well-known figure in the altcoin market, has brought TIA Coin into the spotlight, stating that it looks promising after regaining significant horizontal levels against both USD and BTC after months of fluctuation.
“After months of fluctuations, it looks great with the regained significant horizontal levels. I feel a lot of upward movement is possible. I started a position just to take some risk, but I may make larger purchases in the gray box.”
The target level here is set at $15.34.
General Comments on Altcoins
Moustache remarks that the overall altcoin market is on the verge of recovering a 3.5-year general resistance. Though the ongoing bear markets have not lasted, they have historically led to significant bullish trends. Investors anticipating profits like those seen in 2021 and prior cycles are confident that rallies are imminent.
“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. I think 2021 was just the little sister of what is coming.”
BTC price was $98,000 at the time of writing, while ETH attempts to hold $3,400.
