The cryptocurrency market shows volatility as Bitcoin approaches the $117,000 mark. This article examines potential price changes for altcoins like AVAX, SHIB, and PEPE Coin over the weekend.
Current Market Situation Overview
The cryptocurrency market remains under pressure despite recent gains. Bitcoin (BTC) is preparing to breach the $117,000 mark, but a slight decline is expected by the end of the day, emphasizing volatility even under bullish trends. Investors are closely monitoring possible changes in economic policy, as recent comments by Federal Reserve members have created uncertainty regarding possible interest rate changes.
Forecasts for AVAX, SHIB, and PEPE Coin
Over the weekend, two scenarios are possible for AVAX, SHIB, and PEPE Coin: either a short-term dip following recent gains or rapid growth amid low trading volumes. PEPE Coin has already shown significant growth, nearly reaching a 50% gain, but was unable to surpass the resistance level of $0.00001437. If the price drops below $0.00001261 and support fails, a further decline to $0.00001087 may occur. For SHIB Coin, the target level of $0.00001589 has also been reached, with the risk of falling below $0.00001400 unless it rallies above $0.00001762.
Conclusion
The July 19-20 period may be significant for active price movements of AVAX, SHIB, and PEPE Coin, despite the low trading volume. Critical levels for AVAX are $23.4 and $21.8. Breaking these marks could lead to a decline to $20.3, while strengthening above $26.9 could indicate an impending rise.
The cryptocurrency market is experiencing important changes, and investors are closely monitoring the situation. The upcoming weekend may establish new levels for significant altcoins, especially in the context of current economic news.
