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?
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 $155, 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 $1,957‘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.