Current cryptocurrency analysis shows Avalanche (AVAX) faced a drop, while PENGU shows signs of recovery. Cold Wallet is also becoming a popular topic.
AVAX Dips, But Support Holds Firm
Following a 5% pullback, Avalanche (AVAX) is now trading around $25.34. However, data reveals that around 640K wallets purchased more than 20 million AVAX within the $24.90 to $25.10 range, reinforcing a reliable support base. If buying pressure increases, a push back toward $29.20 could unfold.
PENGU Chart Indicators Show a Potential Bounce
Fresh analysis of PENGU’s price action suggests the coin is close to the lower end of a falling channel, indicating strong support. A red '9' candle from the TD Sequential and a higher low on the RSI signal potential bullish signs. If sentiments shift, PENGU might aim for a short-term rally toward $0.045.
Cold Wallet: New Opportunities in the Crypto Market
Cold Wallet offers an innovative storage solution for cryptocurrencies with built-in user rewards. With over $5.7 million raised in its presale and a price of $0.00942, early participants may see significant returns as the listing price is expected at $0.3517.
Despite AVAX's price drop, the strong support indicates the possibility of a rebound. PENGU also shows early recovery signs, while Cold Wallet presents an exciting project with a rewarding model.
