As Bitcoin (BTC) 
$78,698 edges towards the $117,000 threshold, a slight decline by day’s end marks the volatility even amidst ongoing bullish trends. With recent upward movements being fresh, potential downturns could be bear traps. But what price levels might AVAX, SHIB, and PEPE Coin test over the weekend?
Weekend Cryptocurrency Predictions
Altcoin investors have enjoyed favorable developments after a lengthy period of stagnation. Today, Waller advocated for a July interest rate cut, although earlier supportive Fed members have now distanced from this idea, casting doubt on this proposal. According to CME data, the possibility of a rate cut during the July 30 meeting almost vanished. In contrast, the Michigan Consumer Confidence Index exceeded expectations, complemented by a strong recovery in US retail sales, alleviating fears of a slowdown in consumer spending. These signals point towards economic normalization, presenting figures attractive to Trump.
Amidst this, Trump hints at significant tariffs-related announcements. Could new letters emerge over the weekend, priming the market for Monday? One of the most crucial short-term factors supporting GENIUS’s rise was Trump’s endorsement, although the initial excitement has since waned.
AVAX, SHIB, and PEPE Coin Outlook
When it comes to AVAX, SHIB, and PEPE Coin, two scenarios could unfold over the weekend: either a short-term dip follows the recent surge or rapid gains occur amidst low weekend trading volumes. What levels might these coins hit under each scenario?
Following the recent ETH rise, PEPE Coin significantly benefited, nearly achieving a 50% gain. Despite this, it couldn’t surpass the $0.00001437 resistance, forming an upper wick. A drop might take it to $0.00001261 and possibly decline further to $0.00001087 if support is lost. However, if the resistance is revisited over the weekend, a peak of $0.00001631 could be expected with closures beyond $0.00001437.
Shiba Coin reached our often-mentioned target of $0.00001589, creating an upper wick there too. This pattern is evident in many altcoins; if it leads to further losses, closures below $0.00001400 could trigger a test of $0.0000123. Conversely, a rally above $0.00001762 might accelerate, extending to the $0.00002107 boundary.
In summary, the July 19-20 period appears poised for action despite thin volumes. For AVAX, the critical zones are $23.4 and $21.8. The former seems at risk, and if the latter doesn’t hold firm, a drop to $20.3 could occur. A rally would require breaking through the $26.9 mark; testing this resistance is anticipated in a favorable atmosphere.
