Ethereum

Bitcoin

Bonk

Rise

<p class="p1">Investors are considering their stance on the crypto market going into the weekend after a bullish wave triggered modest increases across the board on Friday. Bitcoin price settled above $41,000 up 5.5% in 24 hours while Ethereum ticked up by 4% to $2,277, <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/"><span class="s1">CoinGecko</span></a> revealed. Solana-built meme coin BONK exploded in double-digits to trade at $0.00001236 during US business hours, suggesting that this could be the best time to buy top cryptos for both short-term and long-term speculation.</p>
<h2 class="p1" id="can-bitcoin-close-january-higher-with-investors-buying-the-dip">Can Bitcoin Close January Higher With Investors Buying The Dip?</h2>
<p class="p1">The brief blastoff on Friday came to a sudden halt in the yellow resistance band as shown on the four-hour chart. While the uptick is an optimistic gesture for investors who felt betrayed by the BTC ETFs’ launch, not everyone seems convinced that the downtrend is over.</p>
<p class="p1">That said, holding above the immediate support as provided by the 50-day Exponential Moving Average (EMA) (in red) could allow bulls ample time to execute their next strategy.</p>
<figure id="attachment_176821" aria-describedby="caption-attachment-176821" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-176821" src="https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29.png" alt="Bitcoin price chart" width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29.png 2710w, https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/01/BTCUSD_2024-01-26_17-19-29-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-176821" class="wp-caption-text">
  Bitcoin price chart | Tradingview
 </figcaption>
</figure>
<p class="p1">A daily close above $41,000 would also serve as an affirmation of the bullish comeback and encourage more investors to back the uptrend.</p>
<p class="p1">However, traders should take the upswing with a grain of salt for now at least until resistance at $42,000 slightly below the 200 EMA (in purple) is defeated.</p>
<p>The next few days may help clear the existing uncertainties paving the way for recovery above $42,000 or lead to more pain below $40,000. The area around $36,000 to $38,00 remains of utmost importance. If Bitcoin drops to this range, it would mean a lifetime chance to accumulate ahead of the pre-halving rally.</p>
<h2 id="is-this-the-beginning-of-ethereum-price-rise-above-3-000">Is This The Beginning of Ethereum Price Rise Above $3,000?</h2>
<p>In recent times, Ethereum price has oscillated between $2,150 and $2,200, reflecting a constant battle between buyers and sellers. Over the past week, smart contracts tokens have seen a decline of around 9%, indicating a largely sideways movement in the market.</p>
<p>Despite these fluctuations, Ethereum has demonstrated significant growth over a longer period, with an impressive 40% rise. This growth underscores the ability to maintain a bullish stance, even amidst occasional market pullbacks. However, the past month has not been as favorable, with ETH experiencing a 4% drop in value.</p>
<figure id="attachment_176819" aria-describedby="caption-attachment-176819" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-176819" src="https://coingape.com/wp-content/uploads/2024/01/Ethereum-price-prediction-3-e1706276759156.png" alt="Ethereum price prediction" width="1200" height="630">
 <figcaption id="caption-attachment-176819" class="wp-caption-text">
  Ethereum price prediction | Tradingview
 </figcaption>
</figure>
<p>If&nbsp;<a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/ethereum/">Ethereum price</a>&nbsp;breaks through its current price range, the next potential target could be the channel’s upper resistance line, around $2,300. If the bullish momentum persists, Ethereum can climb toward a $3,000 high in the short term. However, if&nbsp; ETH falls below the critical support at $2,200, it might set off a decline, pushing the price toward the lower support line, which is close to $2,120.</p>
<h2 id="is-this-the-best-time-to-buy-bonk">Is This The Best Time To Buy Bonk?</h2>
<p>Bonk price stepped up after consistently falling from its 2023 peak of $0.000035. However, after the token bounced off support in the green band on the four-hour chart early this month, traders were significantly convinced that a larger rebound was in the cards.</p>
<p class="p1">The meme coin built on the Solana blockchain holds above two key levels, the 20 Exponential Moving Average (EMA) (in blue) at $0.000011199 and the 50 EMA (in red) at $0.0000115.</p>
<p class="p1">Several four-hour candlestick closes above the moving average could further steady the uptrend for the subsequent climb above the 200 EMA (in purple) at $0.00001266.</p>
<figure id="attachment_176835" aria-describedby="caption-attachment-176835" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-176835" src="https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54.png" alt="Bonk price chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54.png 2710w, https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/01/BONKUSD_2024-01-26_19-32-54-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-176835" class="wp-caption-text">
  Bonk price chart | Tradingview
 </figcaption>
</figure>
<p>While Bonk’s future is uncertain, its explosive rally last year can’t be ignored. With the Bitcoin halving approaching, a potential bull run is on the minds of many investors. If that happens, Bonk could indeed soar alongside other altcoins, even aiming for a lofty (but not impossible) target of $1.</p>
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<p>The post <a href="https://coingape.com/markets/top-3-cryptos-to-buy-today-january-26-btc-eth-bonk/" rel="noopener noreferrer nofollow">Top 3 Cryptos To Buy Today January 26: BTC, ETH, BONK</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

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