- Solana will likely remain under pressure in the near term despite the steady fundamentals.
- iDEGEN is ending its presale with the same hype that has carried it through the presale as investors fear missing out.
- Even with the likely approval of a Litecoin ETF, the bulls lack enough momentum to fuel a breakout
Crypto bulls remain in control amid optimism of a 2025 bull run. However, with a neutral market sentiment, most crypto majors have been range-bound in the just concluded week. Even so, meme coins continue to attract savvy investors looking for cheaper alternatives with robust growth potential.
Since the launch of its presale on 26th November 2024, iDEGEN has taken its enthusiasts on a wild ride; raking in hefty returns for its early adopters along the way. With just a few days left before its listing on decentralized exchanges (DEXs), market participants forecast an explosive entry. As such, more investors are rushing to amass $IDGN tokens before time runs out.
Solana price stuck between the battle of optimism vs. technicals
Solana price has continued to find support in the optimism of a bull run in 2025. Besides, the surge in altcoin ETFS’ filings is a key tailwind for the crypto major.
Even so, buyers are still on the sidelines as the market sentiment remains neutral. With this low bullish momentum, Solana price failed to sustain a rebound past $180 earlier in the week.
A look at its daily chart shows the continuation of the death cross pattern as the short-term 25-day EMA remains below the 50-day MA. At its current level, the bulls are keen on defending the support at $$167.68. Below that level, the bears will be looking to pull it further to $160.10. On the upper side, $186.21 is still the resistance level to beat if the crypto is to stage a successful breakout.
iDEGEN’s timing, community, and positioning sets it for unmatched heights
iDEGEN’s virality and success is proof that the market is ripe for projects that defy the norms. Indeed, the absence of guardrails is one of the factors that have catapulted the AI crypto to its current levels.
Crypto degens have been responsible for raising the AI agent, steadily feeding it with uncensored content. This community has become so committed and influential that not even…