As global markets brace for an impending period of significant volatility in the cryptocurrency sector, investors are attentive to upcoming interest rate decisions and the U.S.’s potential implementation of permanent tariff rates. Despite President Trump’s frequent mentions of a final resolution, the anticipation surrounding August 1 remains palpable. This upcoming period could present intriguing outcomes for CFX, XTZ, and FLOKI coins.
CFX and XTZ Price Targets
CFX and XTZ coins have emerged as notable gainers among the top 100 cryptocurrencies, with weekly increases of 132% and 61% respectively. These altcoins have shown a swift response to the Ether (ETH) rally, with Conflux (CFX) being traded at $0.231, reflecting a daily gain of 11%. Investors familiar with CFX have seen similar dramatic upward movements in March 2023 and March 2024, confirming the coin’s potential for volatility.
However, this rally is on the brink of losing momentum, with the $0.245 mark serving as a critical resistance point. Previously, such resistance sparked a 76% decline during the U.S. elections. If this level cannot be surpassed, support might be found initially at $0.18, with deeper dips potentially reaching $0.12 and $0.083. Fast rebounds are typical for such high-gain altcoins, suggesting that investors should be prepared for unexpected shifts.
Tezos (XTZ) surpassed $0.93 but failed to turn $1.27 into a solid support, causing a fallback toward breaking points. Should Bitcoin (BTC) 
$77,196 remain weak and ETH fail to mount a significant rally, a downward move toward $0.72 could ensue shortly.
Forecast for FLOKI Coin
Analyst Phoenix examined the 3-day and weekly charts for FLOKI, outlining two potential scenarios. Both options suggest a strong bullish trend, although the second scenario indicates a delayed movement.
“After confirming this breakout on 3D and Weekly charts, FLOKI primarily has two outcomes. Both display robust bullish inclinations.
First scenario: It continues to rise, encounters resistance in a crucial area, then proceeds upward.
Second scenario: Retests reversed resistance to confirm support.
I expect the first scenario to occur.”
