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As we approach the end of another week in the cryptocurrency market, altcoins continue to underperform. While BTC remains above $105,000, ETH struggles to stay above the $3,300 mark. Cryptocurrency enthusiasts were optimistic in January, yet the anticipated results following Trump’s actions have not unfolded as expected.
Shiba Coin and XRP Analysis
Shiba Coin is hovering around the critical threshold of $0.000019, failing to reclaim its support at $0.00002092. Despite being the second-largest meme coin by market cap, alternative meme coins have significantly overshadowed major cryptocurrencies. The timing of any potential reversal remains uncertain, yet the delay in ETF approvals last year had similarly dampened morale.
If the downward trend continues, testing the $0.0000167 support could become a reality, which, if reclaimed, may target $0.00002433. The resistance of the parallel channel sits at $0.00002933, marking the level where upward momentum could gain traction.
The recent end to the Gensler era has paved the way for a more crypto-friendly SEC. This shift has enabled XRP Coin to rise above $3, returning to levels not seen in years. While further advancements remain cautious, the SEC’s potential appeal resolution inspires hope for the market.
PEPE and BONK Coin Insights
PEPE Coin appears to be making a comeback, closing above a significant resistance point at $0.0000131. Following a prolonged decline over 53 days, the price has plummeted nearly 60%. Should the upward trend continue convincingly, testing $0.00001698 is anticipated.
Conversely, losing support at $0.00001135 could trigger a decline to $0.00000767.
BONK Coin is recognized as a prominent meme coin on the Solana 
$172 network. While Trump’s involvement invigorated the ecosystem, the excitement surrounding Trump coins has waned, causing SOL Coin to drop to $240. However, a swift rebound may be on the horizon.
For BONK Coin, the target is $0.00002902, and reclaiming this region could set a new resistance level at $0.00003377.
