Bitcoin continues its rapid movement towards a significant price milestone of $117,000, although its current trajectory has not been straightforward. This article explores forecasts for other cryptocurrencies.
Weekend Predictions for Cryptocurrencies
Investors in altcoins have begun to notice changes in market dynamics after a prolonged period of stagnation. While the Federal Reserve's position on interest rates remains unchanged, economic indicators such as the Michigan Consumer Confidence Index and retail sales data indicate stable consumer spending. This bodes well for economic stabilization, enhancing market attractiveness.
Outlook for AVAX, SHIB, and PEPE Coin
Regarding AVAX, SHIB, and PEPE Coin, the market could either see a brief downturn following their recent gains or experience increased volatility due to typically low trading volumes on weekends. PEPE Coin recently benefited from ETH's surge, achieving almost a 50% gain, though it faced a barrier at $0.00001437. If a decline occurs, possible prices may drop to $0.00001261 or lower, to $0.00001087. If resistance is tested, a climb to $0.00001631 could happen.
Key Price Levels for the Weekend
Shiba Coin reached a target of $0.00001589, with potential declines testing a low of $0.0000123. A rally breaking the $0.00001762 level might extend to $0.00002107. Key price levels for AVAX indicate risk at $23.4 and potential breakdown support at $21.8 could see a drop to $20.3. Breaking resistance at $26.9 could set the stage for a rally if market conditions improve.
The July 19-20 period is set to be significant, especially as trading volumes remain thin. This landscape suggests several potential futures for these digital assets over the weekend.
