Hundreds of traders are seeking successful crypto investments amidst recent changes in the market. The latest news about Avalanche and PENGU analysis highlight potential trends.
Avalanche Price Drops to $25.34, Eyes Rebound
Avalanche (AVAX) price recently dropped to $25.34 following a 5% decrease. Despite this, the asset's state remains stable. According to IntoTheBlock, over 640K wallets purchased more than 20 million AVAX in the range of $24.90 to $25.10, creating a strong support level. If buyers step in, a quick rebound to $29.20 or $33.39 is possible.
PENGU Chart Analysis: Support Holding Strong
According to the latest PENGU chart analysis conducted by analyst Ali, the price of this asset hovers in the lower zone of a descending channel, which usually signals the presence of strong support. The TD Sequential marked a red '9', which may indicate an upcoming trend reversal. Additionally, the relative strength index (RSI) shows bullish divergence, hinting at weakened selling pressure.
Cold Wallet: New Opportunities for Users
Cold Wallet presents a project that promises to change the approach to crypto storage by offering users rewards for every action regarding their assets. In an environment where traditional wallets often act as barriers, Cold Wallet provides users with complete control and the possibility to earn CWT tokens when using their funds. Within a few weeks, over $5 million were raised in the presale, while the launch price of the token will be $0.3517.
The current situation in the crypto market piques traders' interest due to recent changes in Avalanche's price and PENGU analysis. The success of Cold Wallet also emphasizes the desire for new opportunities among crypto users.
