Cryptocurrencies rebounded last week after the U.S. released encouraging core consumer price index data.
Bitcoin (BTC) surpassed $105,000 on Sunday, Jan. 19, as it attempted to retest its all-time high of $108,200. Official Trump (TRUMP) meme coin came from nowhere to become the second-biggest meme in the industry after Dogecoin.
Solana, Raydium, and Jupiter also surged, riding the Trump meme coin wave.
In the days ahead, keep an eye on (AVAX), Terra Luna Classic (LUNC), and Fartcoin (FARTCOIN). Here’s why.
Terra Luna Classic in focus amid a potential Cardano partnership
LUNC, the remnant of Terra’s crash, will be a crypto to watch this week after Charles Hoskinson hinted that he was open to a partnership.
In an X post on Saturday, he said that his goal was to integrate Bitcoin’s DeFi on Cardano, improve scalability, and creating partnerships.
A Terra Luna Classic fan replied to the message and suggested a potential collaboration between the two. He noted that the community took over the project after it was abandoned by Do Kwon. In a response, Hoskinson noted that he was open to that idea, meaning that a potential partnership between the two projects.
A potential partnership would likely help the LUNC bounce back now that it has crashed by 50% from its highest swing in December.
It has also dropped below the ascending trendline that connects the lowest swings since Aug. 24. It has also moved below the 50-day moving average, meaning that a drop to $0.00005475, its August low is possible.
Avalanche token unlock ahead
Avalanche price erased some of the gains made late last week. It retreated to $36.95, its lowest point since Jan. 14.
AVAX will be a crypto to watch this week as the network unlocks 62.25 million coins. A token unlock introduces new coins in the network, and often has an impact on the staking yield.
Avalanche price may bounce back in the next few days since it has formed a falling wedge chart pattern on the daily chart. This pattern is made up of two falling and converging trendlines and often leads to a strong bullish breakout. Such a move will see it rally to last December’s high of $55.7, a 52% increase from the current level.
Fartcoin doesn’t stink
Fartcoin will be another cryptocurrency to buy as its surge gains steam. It rallied by over 27% on Sunday, bringing its market cap to $2.18 billion.
The coin, created on Oct. 18, is now the sixth-biggest meme coin. Whales and smart money investors continued to buy the flatulence-inspired token after it was listed on SwissBorg.
Therefore, Fartcoin will be in the spotlight as traders assess whether it has more upside ahead. Technically, the most likely scenario is where it drops and retests the key support at $1.6115, its highest swing on Jan. 3. Such a price action would be part of a break and retest pattern, a popular continuation sign.
Some crypto traders are excited about Fartcoin. On Jan. 16, Altcoin Sherpa proclaimed that “hot air rises” and labeled it a “strong play for this cycle.” See their commentary below.
Other top cryptocurrencies to watch
Some of the other top cryptocurrencies to watch this week will be Ripple, Solana, Litecoin, and Hedera Hashgraph because of their rising ETF approval hopes under the Trump administration.
