This week, the U.S. markets are experiencing active changes, supporting the growth of cryptocurrencies like PEPE Coin, SOL, and AVAX. Let's take a closer look at their current state and forecasts.
PEPE Coin Analysis
PEPE Coin, one of the popular meme coins on the Ethereum network, received support due to the price increase of ETH. However, the desired rally has not yet been observed. In the past, during ETH surges, PEPE Coin showed much stronger movements, increasing nearly 50% over 14 days. Currently, PEPE Coin is facing a resistance zone.
If PEPE Coin starts closing above $0.0000151, it could surpass the key barrier at $0.0000162 and establish support at $0.0000168. Further growth could see it reaching a new peak of $0.0000210. In a bullish altcoin market, it is expected that the asset could swiftly break through $0.00002830, setting a new all-time high. In the event of a downtrend, $0.0000134 will serve as support.
Solana (SOL) Analysis
Solana (SOL) continues to receive support from ETF inflows. Following a net inflow of $8.4 million on July 17, there was another inflow of $11.4 million. The current price is targeting $203, and further inflow or profit-taking will help clarify the scenario. Total ETF inflows are approaching the $100 million mark, and ETH is performing well above the $188 resistance.
Possible targets of $218 and $246 indicate a potential acceleration before reaching an all-time high at $261. There is expectation of the possibility of surpassing $300 in the not-so-distant future.
Avalanche (AVAX) Analysis
AVAX has finally ended its monotonous movements and has been consistently reaching higher peaks for 11 days with gains nearing 50%. The key level here is $27, and surpassing this level would lead to reclaiming supports at $31.73 and $35.7.
Reclaiming the psychological support at $50 depends on the selling pressure above $35.7. AVAX has lingered below $50 for a long time, and a comeback is now possible.
Amidst the active growth of cryptocurrencies, PEPE Coin, SOL, and AVAX show different trends, and their future behavior will depend on market movements and demand conditions. Investors and analysts will be closely watching the next steps of these assets.
