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It takes courage to ride a fast running horse (crypto) 💪💪💪💪

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Avalanche (AVAX) Price Rallies: Can It Break $30? AVX is rising over $28.65 resistance. A clean move over $30.00 resistance might boost Avalanche. AVAX is rising from $27.40 versus the US dollar. The price is above $28.65 and the 100-hour SMA. AVAX/USD broke over a significant descending channel with resistance around $28.40 on the hourly chart. Staying over $28.65 and $28.50 support might keep the pair upward. AVAX Price Rises After falling, Avalanche's AVAX found support around $25.00. The price rose like Bitcoin and Ethereum after forming a support base at $25.00. Near $28.50, the price rose over 8% and smashed multiple barriers. AVAX/USD broke over a significant descending channel with resistance around $28.40 on the hourly chart. The pair crossed $29.40 resistance to turn positive. AVAX is over $28.50 and the 100-hourly SMA. The upward rise from the $27.37 swing low to the $29.95 high is displaying good indicators above the 23.6% Fib retracement line. Resistance at $30.00 is imminent on the upside. Near $30.50 is the next significant resistance. If the price breaks $30.50, it might rise faster. In this situation, the price may climb slowly to $32.50 or $34.00. Avalanche Supports Dips? AVAX price may correct if it fails to get beyond $30.00 or $30.50. Near $29.35 is immediate downside support. The $28.65 zone and 50% Fib retracement level of the upward run from the $27.37 swing low to the $29.95 high are major support. A break below $28.65 might lead to a slide to $28.00 and the 100 SMA (4 hours). Near $27.40 is the next important support. Tech Indicators The AVAX/USD MACD is rising in the positive zone. Hourly RSI - AVAX/USD's RSI is over 50. Major Support Levels: $29.35, $28.65. Major Resistance Levels: $30.00, $30.50. #AVAX #CPIAlert $AVAX

Pepe Price to Rise? Support Level Absorbs $300 Million Overnight Pepe Coin (PEPE/USDT) is gaining notice after $300 million was absorbed at a key support level overnight. Investors expect a comeback after a drop. At $0.0000113, the coin's market cap is $4.7 billion. The Pepe price forecast suggests a market stabilization price rise due to technical signs indicating oversold conditions. VanEck's Mystery Post Boosts Pepe Coin Amid Market Volatility VanEck's curious frog meme on X (previously Twitter) showed a frog leading a board meeting with other animals, which boosted Pepe Coin's price. The message, labeled “Important topics were discussed at the board meeting,” fueled cryptocurrency speculation. However, social media chatter helped the currency recover and rise 11% in a week. Rapid Recovery: Pepe Coin rose 11% on social media excitement after a slump. Following its Ether ETF proposal, VanEck filed for a Solana ETF and became the first U.S. business to offer another cryptocurrency ETF. VanEck's entertaining article has improved morale in the Pepe meme community, signaling sustained interest and investment in the currency. A Pepe currency ETF seems doubtful. Pepe Price Prediction Popular memecoin Pepe (PEPE/USDT) is on the decline. Sunday's price was $0.0000113. Despite an almost 4.50% drop in 24 hours, the coin's market worth is $4.7 billion. While prices are falling, an upward trendline provides support about $0.00001085. This shows that the dip may be brief and a resurgence imminent. Technical signs are also hopeful. The coin's RSI is 40, indicating oversold, which frequently predicts a price gain. However, the 50-day Exponential Moving Average (EMA) of $0.0000118 may limit short-term gains. These important levels are being watched for buying possibilities, with a stop-loss order below $0.0000104. Based on its technical view, Pepe may rebound soon if it breaks the 50-day EMA. #pepe #CPIAlert $PEPE

Forgot Exit: July Launch of Ethereum ETF Collapses The US Securities and Exchange Commission (SEC) threw back applicants' plans out of the blue, which disappointed investors and delayed the launch. Forgot Exit: July Launch of Ethereum ETF Collapses Market observers and experts had all but guaranteed a July debut, with some going so far as to propose a celebration trade on Independence Day, so the news came as a shock to many. Those who waved the white flag a little too soon were James Seyffart and Eric Balchunas, both of whom work for Bloomberg ETFs. After the SEC chose to halt the process, their projection of a launch on July 2nd fell through. The S-1 Form is like a company's plane ticket to becoming public. As a first stage in the lengthy registration procedure with the SEC, this document gives the regulator all the information they need to review the organization before the initial public offering of shares. Now, the whole timeline is in jeopardy due to this unforeseen detour. The approaching US vacation likely adds another degree of complexity, even though some people expect approval by July 8th. The lack of a defined timeline is quite unsettling for both issuers and investors. The SEC is no longer rushed to make a judgment as it was with previous 19b-4 forms; instead, it has an unlimited amount of time to consider the filing procedure. The SEC is therefore granted complete authority, allowing them to leisurely conduct a thorough evaluation and respond to requests for modifications. Even though SEC head Gary Gensler has already said that approvals would happen "sometime this summer," the market is still quite anxious about it. Even a summer debut could be ambitious in light of the current S-1 form debacle. #ETH #ETH_ETFs_Approval_Predictions $ETH

Will Bitcoin's Bull Run Soon Begin Again? Bitcoin miners have capitulated to levels similar to December 2022, according to a recent X post by CryptoQuant chief of research Julio Moreno. Following FTX's demise in December 2022, the preceding cycle likewise hit rock bottom around that time. A low point for the cryptocurrency sector was reached when the Sam Bankman-Fried-led exchange collapsed, leading to widespread fear and sell-offs. The massive selling pressure ultimately led to Bitcoin's precipitous price drop. A 7.6% drop in the Network True Hashrate was a hallmark of the Bitcoin miners' surrender at that moment. Network True Hashrate Drawdown is now at -7.6% as per Julio Moreno's article on X. Miners' difficulties to sustain operations in a tight financial position are reflected in the Network True Hashrate Drawdown measure, which analyzes the decline in computing power committed to Bitcoin mining. Several possible effects on the price of Bitcoin might result from the accompanying miner surrender and the drastic drop in the Network True Hashrate. Because of this, selling pressure on Bitcoin may rise if miners decide to unload their holdings, as has happened in recent weeks. The result may be a precipitous decline in the value of Bitcoin as a result of this. Historical market recoveries have been preceded by times of substantial miner surrender. In addition, the article notes that in December 2022, when the Network True Hashrate Drawdown was at its lowest point, the Bitcoin market hit cycle bottom. Based on this, it seems like Bitcoin could be ready for a price recovery shortly. #CPIAlert #BTC $BTC

Why PEPE Price Has Struggled Over the Weekend PEPE plummeted on Saturday, reversing some of its gains from the week. PEPE fell 7.5% in 24 hours to $0.00001088, a price drop. PEPE's pricing issues are part of the market decline, but whale migration may have worsened them. Recently, a crypto whale sold a lot of PEPE tokens for ETH. On-chain data suggests a single wallet traded over 1.4 trillion PEPE tokens for ETH, lowering price. Expectations for ETH Spot ETF Approval TheDataNerd reported that a PEPE whale, identified as “0x837,” switched over $18 million to Ethereum over the weekend. A massive departure is bearish for PEPE. Staked Ethereum assets in the Compound protocol indicate a long-term investment. The whale deposited 300 billion PEPE, worth $3.85 million, into Binance, according to on-chain statistics. This deposit cost the whale $1.73 million. Interestingly, this deposit was ongoing. The whale deposited 1.1 trillion PEPE tokens worth $14.42 million to Binance, which were presumably converted to ETH. Thus, this whale has deposited 1.4 trillion PEPE on Binance in two days. Over the previous two days, whale “0x837” withdrew 1,728 ETH worth 5.86 million from Binance, bringing its total of 4,374 ETH worth $14.91 million. Despite losing money, this whale converted all of its PEPE holdings into ETH, suggesting a purposeful investment choice. Market confidence in Ethereum is boosted by the probable introduction of Spot Ethereum ETFs in July. Many market players have compared Ethereum to Spot Bitcoin ETFs and predicted a similar increase. Bryan Armour, an ETF analyst at Morningstar, thinks Spot Ethereum ETFs may not be as exciting as Bitcoin because of their market sizes. PEPE is trading at $0.00001129, up marginally from Saturday's lows. The meme token has fallen 3.58% and 3.77% in 24 hours and 7 days, respectively. Ethereum fell 3.2% in the previous week to $3,390. #PEPE #US_Inflation_Easing_Alert $PEPE

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