The crypto market started the last week of January with a downward trend. This situation affected many altcoin projects. However, despite the current market conditions, there are investment opportunities in some altcoins. In the rest of the article, you can find three altcoin projects to pay attention to in the last week of January 2025.
3 altcoins that need attention in the last week of January 2025
Celestia (TIA)
Celestia (TIA) decreased by 12% in the last 24 hours, falling to $ 3.96. However, despite this decline, it managed to stay above the 3.88 support level. This critical support is very important for the altcoin to prevent further loss of value.
Celestia continues to work to implement 8 MB block sizes on the network. This upgrade has been tested on the Arabica testnet since December 2024. This development, which will offer higher data transfer capacity, can increase interest in Celestia and restore investor confidence in the long term. If TIA recovers from the 3.88 level, the price has a chance to rise up to the 4.50 level. This critical threshold will be an important step in compensating for recent losses.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has lost 11% of its value in the last 24 hours. It is currently trading at 0.00001776. This decline caused SHIB to retreat back into the consolidation range between 0.00001961 and 0.00001676. These levels are very critical to monitor price movement.
The current decline offers investors an opportunity to buy at lower price levels. If overall market conditions improve, SHIB will rally towards the resistance at 0.00001961. However, if it falls below the 0.00001676 support, these recovery efforts will be disrupted. If the consolidation process is prolonged, investors’ confidence will be damaged. In summary, recovery efforts for SHIB may be further delayed.
EigenLayer (EIGEN)
EigenLayer (EIGEN) fell to 2.41, a drop of nearly 14% in the last day. Despite this decline, the altcoin managed to stay above the 2.35 support level. However, depending on the fluctuating course of the market, the sustainability of this support level should be monitored carefully.
The main risk for EigenLayer is the possibility of a retest of the $2.14 all-time low. However, EigenLayer’s upcoming Rewards V2 update is creating a positive impact among investors. This new protocol aims to increase flexibility and efficiency within the platform. If EIGEN loses the 2.35 support level, a pullback towards 2.14 is possible. This scenario will negatively affect bullish expectations and increase investor concerns.
Although the last week of January 2025 started with declines across the market, altcoins such as Celestia, Shiba Inu and EigenLayer mentioned above present potential opportunities that should be watched carefully. Current price movements and upcoming updates are important factors that will determine the short-term performance of these altcoins. cryptokoin.comYou can take a look at the latest developments about Shiba Inu, which we reported as, in this article.
