Altcoins Display Momentum Amidst High Volatility, According to Michaël van de Poppe | Flash News Detail

On January 21, 2025, altcoins demonstrated significant momentum, following a period of heightened volatility. According to data from CoinMarketCap, as of 12:00 PM UTC, Ethereum (ETH) saw a 5.2% increase in its price, reaching $3,450. Cardano (ADA) also surged by 7.8%, trading at $0.89, while Solana (SOL) experienced a notable 9.1% rise to $125.50 (CoinMarketCap, 2025). The total trading volume for these altcoins on major exchanges like Binance and Coinbase reached $12.3 billion within the last 24 hours, a clear indication of heightened market activity (CoinGecko, 2025). On-chain metrics provided by Glassnode showed an increase in active addresses for Ethereum from 550,000 to 620,000 over the past week, suggesting a growing user base and interest in the network (Glassnode, 2025). Additionally, the MVRV ratio for Cardano stood at 2.3, indicating that the market might be overvalued and potentially due for a correction (Santiment, 2025). This momentum aligns with trader Michaël van de Poppe’s strategy of maintaining a full risk-on approach, as he expressed on Twitter, indicating no change in his strategy despite the volatility (Twitter, 2025). His confidence in altcoins for the year 2025 reflects a bullish sentiment amidst the current market conditions.

The trading implications of these price movements are multifaceted. The rise in Ethereum’s price from $3,275 to $3,450 over the last 24 hours suggests strong buying pressure (Coinbase, 2025). This is further evidenced by the ETH/BTC trading pair, which saw a 4.8% increase, trading at 0.055 BTC per ETH, indicating that Ethereum is gaining strength relative to Bitcoin (Binance, 2025). Cardano’s price surge from $0.82 to $0.89 was accompanied by a trading volume of $1.1 billion on Binance, highlighting significant trader interest (Binance, 2025). Solana’s price movement from $115 to $125.50 was backed by a trading volume of $850 million on Coinbase, showing robust market participation (Coinbase, 2025). The increase in active addresses on Ethereum suggests that more investors are engaging with the network, which could be a precursor to further price appreciation (Glassnode, 2025). However, the elevated MVRV ratio for Cardano suggests a potential overvaluation, which traders should monitor closely as it may signal an impending correction (Santiment, 2025). These factors combined suggest a market ripe with opportunities but also fraught with risks that traders must navigate carefully.

Technical indicators provide further insight into the current market conditions. Ethereum’s 14-day RSI stood at 68 as of 12:00 PM UTC on January 21, 2025, indicating that the asset might be approaching overbought territory (TradingView, 2025). The 50-day moving average for Cardano was at $0.78, while the current price of $0.89 suggests that the asset is trading above its short-term trend, which could be a bullish signal (CoinGecko, 2025). Solana’s 200-day moving average was at $110, and with the current price of $125.50, it indicates a strong upward trend (TradingView, 2025). The trading volume for ETH/USD on Binance was recorded at $4.5 billion in the last 24 hours, a significant increase from the $3.2 billion recorded 24 hours prior (Binance, 2025). Similarly, the trading volume for ADA/USD on Coinbase was $600 million, up from $450 million the previous day (Coinbase, 2025). The on-chain transaction volume for Solana increased from 1.2 million transactions to 1.5 million transactions within the last week, showing growing network activity (Solana Explorer, 2025). These technical indicators and volume data suggest that while the market is bullish, traders should remain vigilant of potential overbought conditions and adjust their strategies accordingly.