As US lawmakers gear up for one of the most important weeks in crypto history, all eyes are on Washington and on the markets.
With Congress set to debate several crypto bills this week, including those regulating stablecoins and digital asset classifications, traders are preparing for heightened volatility. BeInCrypto has analyzed three altcoins to watch closely during the US Crypto Week.
Sonic (S)
Sonic is gearing up for the first season of its native token S’s airdrop, set to take place between July 15 and 22. This highly anticipated event is expected to boost interest in Sonic, potentially driving up demand and positively influencing the altcoin’s price in the coming days.
The token’s price could surge past $0.381 and even reach $0.440, as the RSI is currently showing strong bullish momentum. This suggests that Sonic is poised for further gains, especially if the airdrop generates significant interest and drives investor participation.
However, if selling pressure follows the airdrop, Sonic may fail to maintain its gains. In such a scenario, the price could fall back to the $0.329 support level or even lower, dipping to $0.299.
This drop would invalidate the bullish outlook, signaling a potential reversal.
Mantle (MNT)
MNT price has surged by 7.2% in the last 24 hours, currently trading at $0.70. The altcoin is gaining traction due to an upcoming network development. The Sepolia upgrade, scheduled for July 16, promises to enhance MNT’s functionality, potentially increasing its value as investor interest rises.
Scheduled for July 16, the Sepolia upgrade will enable full support for the Ethereum Prague upgrade’s features. This development is expected to push MNT’s price towards $0.72.
The Parabolic SAR indicator below the candlesticks shows a clear uptrend, suggesting continued bullish momentum if market conditions remain favorable.
However, if MNT holders decide to sell their holdings for profits, the altcoin could face a sharp correction.
In this case, MNT’s price could drop to $0.66 or even as low as $0.63, invalidating the current bullish outlook and signaling potential market instability.
Official Trump (TRUMP)
TRUMP is currently facing volatility due to the announcement of new tariffs imposed on multiple nations. Despite this, the scheduled 90 million TRUMP unlock this week could significantly impact its market behavior. The $876 million supply entering the market might lead to a price surge, affecting demand dynamics.
The unlocking of 90 million TRUMP tokens could push the price upward, with expectations to secure $9.63 as support. If this happens, TRUMP could rise to $10.97, marking a monthly high.
The MACD is indicating strong bullish momentum, signaling a potential continued upward trend in the near future.
However, if the influx of supply leads to declining interest and selling, TRUMP may fall to $9.04. Losing this support level would invalidate the bullish outlook, pushing the altcoin down to $8.43. This decline could erase the 12.8% gains achieved earlier this week.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
