The highly anticipated White House Crypto Summit scheduled for March 7th is expected to have a significant impact on the crypto market, focusing on discussions around regulation and innovation. Five key assets that are currently in the spotlight are Hedera (HBAR), Chainlink (LINK), TRUMP, MELANIA, and Uniswap (UNI). Speculation is buzzing about their potential inclusion in the US crypto reserve.
HBAR and LINK, both holding strong positions in their sectors, are closely watched assets. TRUMP and MELANIA are gaining attention due to their association with the summit, while UNI's recent regulatory win against the SEC has sparked discussions about its future role in the DeFi ecosystem.
Hedera (HBAR)
HBAR ranks among the top 5 largest Made in USA cryptos by market cap, trailing only behind XRP, Solana, and USDC, and closely competing with Chainlink. With XRP and Solana already part of the US crypto reserve and USDC being a stablecoin, speculations suggest that HBAR could be the next asset to be included.
Such a development could drive a surge in bullish momentum as investors foresee increased institutional adoption and government recognition.
Despite a recent 7% decline, HBAR has seen a rise of over 13% in the past week. Its market cap stands around $10.3 billion, indicating sustained interest in the asset.
If included in the US crypto reserve, HBAR’s price could skyrocket, potentially testing key resistance levels at $0.29 and $0.32. Further upward movement could see it reaching $0.37, and if the bullish trend continues, HBAR might break past $0.40, a level it hasn't touched since November 2021.
However, in case of a deeper price retracement leading to a loss of support at $0.22, HBAR could face further downside, with $0.20 and $0.17 emerging as crucial support levels.
Chainlink (LINK)
Chainlink plays a significant role in the oracle sector and has been expanding into real-world assets (RWA). Its influence in both industries strengthens the case for its inclusion in the US crypto strategic reserve, alongside XRP and Solana.
With a market cap close to that of Hedera, LINK remains one of the most relevant Made in USA cryptos since its launch in 2018. A potential inclusion could lead to increased demand, driving up its price.
A hypothetical inclusion could propel LINK to test $17.6, with potential breakouts targeting $19.7 and $22.3. If momentum remains strong, LINK could surge to $26.4, surpassing $26 for the first time since mid-December 2024.
However, a downturn in the market could push LINK to test support levels at $15.7, with further declines possibly leading to $14 or even $13.45.
OFFICIAL TRUMP (TRUMP)
Trump's Crypto Summit could have a significant impact on his meme coin, Official Trump (TRUMP), which has been struggling below $20 for some time. The event could reignite interest in the coin, potentially reversing its recent downtrend.
Initially, TRUMP was one of the most hyped meme coins, briefly reaching a $15 billion market cap on its first day and becoming the third-largest meme coin. However, it has since lost 80% of its value, with its market cap now around $2.9 billion.
If momentum picks up, TRUMP could challenge resistance levels at $17, $20, and $24.5, with a strong rally potentially pushing it towards $30 for the first time since January.
In case the correction continues, TRUMP might test support at $12.1 or $11, with a breach below $11 indicating its lowest price since launch.
Melania Meme (MELANIA)
Similar to TRUMP, MELANIA could experience a boost from Trump's Crypto Summit. Launched on January 19, MELANIA rapidly surged, reaching a $2 billion market cap within hours. However, it has been on a steep decline since then, dropping $50 in the last 30 days and struggling to find support.
MELANIA has been trading below $1 for almost a week and is now near its all-time lows. A strong rebound could drive its price back to $1.29 and $1.39, with a potential surge aiming for $1.61 for the first time since February 6.
If momentum fails to pick up, however, MELANIA could continue sliding below $0.80 and $0.70, establishing new record lows.
The outcome of the summit is expected to play a crucial role in MELANIA's price movement. A resurgence in interest could see it recovering lost ground, but sustained weak sentiment may lead to further downside.
Uniswap (UNI)
Despite facing competition from other DeFi applications, Uniswap remains a significant player in the space, occasionally trailing behind competitors like Raydium, Hyperliquid, and Pumpfun.
With the SEC dropping its case against Uniswap, speculation is growing that UNI could be one of the Made in USA cryptos included in the US strategic crypto reserve. An inclusion could potentially propel UNI to test resistance at $8.5, with further upside targets at $9.64 and beyond $10 for the first time since mid-February.
Nonetheless, UNI has experienced a 33% drop in the last 30 days, and its corrective phase might persist if buyer interest remains subdued.
A further decline could see UNI testing support at $7.42. If this level is breached, UNI may fall to $7 or lower for the first time since January 2024.