The crypto market took a turn for the worse in recent days, and although macroeconomic conditions show signs of improvement, altcoins are increasingly leaning on developments in external networks to reverse the trend.
BeInCrypto has analyzed three such altcoins that could experience a shift in the last week of January.
Hedera (HBAR)
HBAR is currently trading close to $0.1058, extending a downward trend that started more than three months ago. Persistent bearish market conditions have hindered Hedera’s growth. Price development continues to be under pressure, reflecting a cautious sentiment as investors assess whether the prolonged decline is about to ebb.
Despite the weakness, there are signs of accumulation. The Money Flow Index is turning upward, indicating increasing buying pressure and decreasing selling pressure. This shift suggests rising activity among those buying the dip. If it continues, HBAR could attempt to break above $0.109, opening the way for $0.114 and $0.120.
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Downside risk remains if the important support breaks. A critical drop below the $0.103 level would weaken the structure. In such a case, HBAR could slide down towards $0.099 or lower, which would dismiss the bullish thesis and prolong the overall downward trend.
River (RIVER)
RIVER rose 198% in the past week and is currently trading close to $80. The increase sent the altcoin to a new all-time high of $84 during the day. The strong momentum shows aggressive buying intent as traders moved funds to the best-performing assets under improved market sentiment.
Technical indicators confirm the positive development. The Parabolic SAR is below the candles, signaling an active upward trend. Persistent capital inflow continues to support price gains. If momentum is maintained, RIVER could extend gains towards the psychologically important $100 level and potentially reach the target of $115.
Downside risk appears if profit-taking accelerates. Heavy selling could break support around $60 and weaken the structure. In that case, the RIVER price could quickly fall towards $36, which would dismiss the bull scenario and signal a deeper correction.
US Oil (USOR)
US Oil (USOR) will launch next week as a decentralized on-chain reserve index on Solana. The token provides digital exposure to physical oil reserves and uses transparent accounting and market data to ensure accountability and protection.
The fundamental conditions look strong as 96% of USOR’s supply is currently locked up. The increased geopolitical focus on the US's control over Venezuelan oil raises its relevance. These conditions make USOR one of the most monitored altcoins heading into the end of January and into early February.
