As US lawmakers prepare for one of the most important weeks in code history, all eyes are in Washington and in the market.
Traders are preparing for increased volatility as Congress is set to discuss several crypto bills this week, including those that regulate stability and digital asset classification. Beincrypto analyzed and closely monitored three altcoins during US Crypto Week.
Sonic
Sonic is preparing for the first season of Native Token S airdrop, which will take place between July 15th and 22nd. This highly anticipated event is expected to raise interest in Sonic, increase demand and have a positive impact on the price of altcoins in the coming days.
The token price has skyrocketed above $0.381, and could reach $0.440 as RSI shows strong bullish momentum now. This suggests that Sonic is poised to earn more benefits, especially when Airdrop generates considerable interest and encourages investor participation.
However, if sales pressure continues to airdrop, Sonic may not be able to maintain profits. In such a scenario, the price could return to the support level of $0.329 or even lower, potentially immersing in $0.299.
This drop negates bullish outlook and shows a potential reversal.
Mantle (MNT)
MNT prices have skyrocketed 7.2% over the past 24 hours, and are currently trading at $0.70. Altcoin has gained traction through future network developments. The Sepolia upgrade, scheduled for July 16th, promises to enhance MNT’s capabilities and could increase its value as investors’ profits rise.
The Sepolia upgrade, scheduled for July 16th, will fully support the features of the Ethereum Prague upgrade. The development is expected to boost the price of MNT to $0.72.
The parabolic SAR indicator under the candlestick shows a clear upward trend, suggesting continuous bullish momentum when market conditions are favorable.
However, if an MNT holder decides to sell its holdings for profit, Altcoin could face a sudden revision.
In this case, the price of the MNT could fall to $0.66 or $0.63, negating the current bullish outlook and potential market instability.
Official Trump (Trump)
Trump is currently facing volatility due to the announcement of new tariffs imposed on multiple countries. Nevertheless, the unlocking of 90 million Trump scheduled for this week could have a major impact on its market behavior. The $876 million supply entering the market could lead to a surge in prices and affect demand dynamics.
Unlocking the 90 million card token could raise prices, with expectations expected to secure $9.63 in support. If this happens, Trump could rise to $10.97, hitting monthly highs.
The MACD has shown strong bullish momentum and is showing a potential, continuing upward trend in the near future.
However, if supply inflows lead to lower interest and sales, Trump could drop to $9.04. Losing this level of support will disable bullish outlook, bringing Altcoin to $8.43. This decline could erase the 12.8% profit achieved earlier this week.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
