This week, significant changes are occurring in the cryptocurrency market. Cryptocurrencies like Solana, Avalanche, and PEPE Coin are showing solid growth, attracting investors' attention.
Outlook for PEPE Coin
PEPE Coin, a popular meme coin on the Ethereum network, is leveraging Ethereum's rising price. In past Ethereum rallies, PEPE Coin exhibited significant growth, nearly doubling its value over a two-week span. Currently, PEPE Coin is testing its resistance levels, and closing prices above $0.0000151 might set it up to breach $0.0000162, turning $0.0000168 into robust support. Should PEPE Coin continue its advance, a new high of $0.0000210 could be on the horizon. However, in a downturn, $0.0000134 serves as a safety net.
Future of Solana (SOL)
Solana is seeing renewed interest as the SSK ETF records notable inflows, with an accumulation of nearly $100 million in funds. The valuation targets for Solana are currently placed at a potential $203 milestone, and subsequent targets of $218 and $246 lie ahead, with a potential rush towards $261 signifying an all-time high.
Analysis of Avalanche (AVAX)
Avalanche, known by its ticker AVAX, has witnessed consecutive gains over more than a week, with increases nearing 50%. Key attention is directed towards the $27 level, with a successful surpass anticipated to reclaim previous supports at $31.73 and $35.7. Having remained under $50 for a prolonged period, AVAX is now poised for a resurgence, contingent on surpassing $35.7.
This week continues to show active growth in the cryptocurrency market, with assets like Solana, Avalanche, and PEPE Coin attracting investors' attention. The prospects of these digital assets are interesting given the market changes.
