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Reading: Market Trends Suggest Stability for AVAX, SHIB, and PEPE Coin
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COINTURK NEWS > Technical Analysis > Market Trends Suggest Stability for AVAX, SHIB, and PEPE Coin
Technical Analysis

Market Trends Suggest Stability for AVAX, SHIB, and PEPE Coin

In Brief

  • BTC remains stable while altcoins show calm in the market.

  • AVAX struggles with a stagnant TVL, performing weaker than Solana.

  • SHIB and PEPE Coin face significant challenges amid a declining trend in meme coins.

Fatih Uçar
Fatih Uçar 1 month ago
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Trump’s failure regarding tariffs is pressuring cryptocurrencies, as BTC remains flat today. Altcoins are also showing calm compared to yesterday. With no significant news expectations, we may see this tranquility continue into the weekend unless new retaliatory announcements come from China. What are the predictions for AVAX, SHIB, and PEPE Coin?

Contents
AVAX Price PredictionSHIB and PEPE Coin Outlook

AVAX Price Prediction

The total value locked (TVL) on the Avalanche network has not yet returned to its previous multi-billion dollar levels. When compared to Solana $180, we can understand why AVAX is performing much weaker. While Solana’s total locked value is breaking new records, Avalanche still lingers around 1.2 billion dollars.

Considering the state of stablecoins on the network, the above chart tells us one thing: indifference. Despite Avalanche’s efforts, it fails to attract attention like Solana, and its network value is stagnant. This, of course, reflects on the price chart as well.

AVAX has struggled to approach the $22 resistance level and is attempting to maintain support at $18.5. If market sentiment turns negative in the coming hours, a test down to $17.5 may occur. However, after hinting at cooperation with China and sending the NVIDIA CEO there, the U.S. may start receiving more moderate statements from China. Additionally, there were reports that Trump reached out yesterday. Supportive developments could allow for abnormal surges in price, leading to higher resistance levels around $27. If the price can drop quickly, it can also rise swiftly.

SHIB and PEPE Coin Outlook

The sales trend in meme coins has significantly impacted both SHIB and PEPE, causing notable losses. SHIB has been in a downward trend for nearly 131 days, hovering near levels that could be defined as a bottom. The outlook appears similar across many altcoins, raising hopes for a general altcoin rally.

If we see a recovery in the markets, we could witness attempts to reclaim $0.0000126, potentially reaching $0.0000159. However, a true rally will likely occur when the price surpasses $0.00002, which could signal a real peak in the cycle.

PEPE has not yet shown any signs of recovery. Its continued stagnation near the bottom indicates a loss of interest. The next upward movement will likely correlate with Ethereum $2,570‘s price recovery. Given its strong correlation with ETH, PEPE Coin could test upper resistance at $0.0000131. Closing above this level could represent a safe entry point for a more robust rally, while the immediate target for potential uptrends would be $0.00000935.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 18 April, 2025 - 9:10 pm 18 April, 2025 - 9:10 pm
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