Cryptocurrency prices struggled to find direction this week even as the crypto industry welcomed Donald Trump to the White House. Bitcoin price rallied to a record high of $109,200 and then suffered a big reversal. This article explores some top coins like Mantle (MNT), Ondo Finance (ONDO), and Tron (TRX).
Mantle price prediction
Mantle token jumped after the developers unveiled the key pillars of its ecosystem. These pillars include the Mantle Network, the mETH protocol, ignition FBC, enhanced index fund, Mantle banking, and MantleX, its bet on artificial intelligence. MantleX’s goal will be to create the most advanced AI agents in the crypto industry.
Mantle hopes to deploy its large cash hoard to make all this possible. Its treasury has over $4 billion.
The daily chart shows that the MNT price peaked at $1.4190 on January 6 and then retreated to a low of $0.9235 on January 21. It then bounced back and was trading at $1.200 on Friday.
Mantle has crossed the 50-day moving average and is in the process of forming a cup and handle pattern. C&H is one of the most popular bullish chart patterns in the market.
Therefore, the Mantle price will likely continue rising as bulls target the next key resistance point at $1.4190, its highest point this year. A cross above that level will point to more gains, possibly to the 2024 high of $1.4890.
Ondo price forecast
Ondo Finance token peaked at $2.1455 in December and then pulled back to a low of $1.0980. The token has numerous catalysts, including the upcoming Ondo Summit in New York in New York. This event wil have several notable speakers from the likes of BNY, Fidelity, Blackrock, Franklin Templeton, Chainlink, and CFTC. It also received an investment from Trump.
The Ondo token price formed a cup and handle chart pattern, a popular bullish chart pattern. It has also formed a falling wedge chart pattern, another reversal sign. The coin has remained above the 100-day moving average, pointing to more gains later this year. This means that it may rebound to the next key resistance at $2.1455, up by 61% from the current level.
A drop below the key support at $1.0980 will point to more downside as it will invalidate the cup and handle and the falling wedge.
Tron price analysis
Tron token remained on edge this week even as the bromance between the network and Donald Trump’s World Liberty Finance continued. Justin Sun became the biggest investor in WLFI, while WLFI has invested in Tron.
The daily chart shows that the Tron price peaked at $0.4487 in 2024 and then pulled back to $0.2530. It has moved slightly above the 50-day moving average, while the Relative Strength Index jumped above the neutral line.
Tron has also formed a bearish flag chart pattern, a popular bearish continuation sign. Therefore, the coin will continue falling as sellers target the next psychological point at $0.200. On the flip side, a move above $0.2760 will point to more gains.
Ai16z price analysis
Ai16z, the popular Solana AI agent token, has erased most of the gains recently. It peaked at a high of $2.50 in January as the hype escalated. It has now formed a descending channel and has moved slightly below the lower side.
The ai16z price has moved slightly below the 50-period moving average, while the Relative Strength Index (RSI) has moved below the neutral point at 50. Therefore, the coin will likely continue falling as sellers target the lower side of the channel at $0.40. This view will become valid if it moves below the support at $0.7250.
Ai16z price chart by TradingView
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