3 Altcoins Poised for Action in the First Week of January 2025

Cardano, Celestia, and Tron are gaining attention due to major events like upgrades and strategic meetings that could impact their prices in early 2025. Positive developments could boost their performance,...

Cardano, Celestia, and Tron are gaining attention due to major events like upgrades and strategic meetings that could impact their prices in early 2025.

Positive developments could boost their performance, but failure to maintain key support levels may lead to significant declines.

As 2025 approaches, several altcoins are capturing the attention of investors due to significant developments set to shape their performance. Cardano (ADA), Celestia (TIA), and Tron (TRX) stand out as key altcoins with the potential for notable price movements in the coming days.

Cardano’s Pivotal Member Meeting

Cardano is preparing for a significant event as its annual member meeting is on December 31. This meeting will determine the 2025 budget and outline strategic plans that could impact the network’s trajectory.

Currently trading above $0.85, Cardano is positioned for recovery, with investor optimism hinged on the meeting’s outcomes. If positive developments emerge, a push past $1.00 is possible, bolstering market sentiment. However, failure to maintain the $0.85 support level could lead to a decline toward $0.77 or lower, undermining bullish expectations. This critical juncture places Cardano under close observation as the year draws close.

Celestia Targets a Breakthrough with the Ginger Upgrade

Celestia’s upcoming Ginger upgrade will significantly enhance the network. Scheduled to improve data availability throughput while halving block times, this development is a crucial milestone in the altcoin’s evolution.

Following a steep 44% drop in early December, Celestia is trading at $4.82. If the market responds positively to the upgrade, it could serve as a catalyst for recovery. Reclaiming the $4.96 support level would signal renewed strength, potentially driving the price toward $6.03. Conversely, a drop below $4.52 would expose the token to further losses, with $3.88 emerging as the next critical support level.

Tron Integrates Chainlink for Enhanced Functionality

Tron’s integration of Chainlink’s Data Feeds marks a significant upgrade to its ecosystem. By transitioning $6.5 billion in Total Value Locked from WINkLink to Chainlink, Tron aims to improve its network’s reliability and functionality.

Currently trading at $0.25, Tron is facing resistance at $0.26. A successful breach of the $0.30 level could establish it as a support level, sparking investor confidence and upward momentum. However, failure to overcome the resistance could lead to a retreat to $0.22, extending the bearish outlook and dampening optimism around the upgrade.

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Benson is a seasoned blockchain reporter with over four years of experience covering cryptocurrency, AI, gaming, and blockchain technology. With a Bachelor’s in Broadcast Journalism from the University of Mombasa and a Master’s degree underway, he combines deep industry knowledge with a flair for market, fundamental, and technical analysis.