Crypto Market Update: Key Coins to Watch This Week
The crypto market is in a holding pattern,with Bitcoin just below its peak. Two major events could shake things up: the Federal Reserve minutes and President Trump’s tariff deadline on July 9.
Among the top cryptocurrencies to keep an eye on are Bonk (BONK), Aptos (APT), and Pi Network (PI).
Bonk: This solana-based meme coin is on a roll. It’s been climbing for five days straight and is at its highest since May 23. Bonk has surpassed the 23.6% Fibonacci Retracement level at $0.00002095 and is nearing the $0.000025 mark. With positive indicators like the Relative Strength Index and MACD, Bonk is likely to keep rising. The next key level to watch is the 50% retracement at $0.00003453.
Aptos: This layer-1 network is facing a token unlock worth $50 million. Typically, such events often lead to price drops. aptos has been in a downtrend, moving from $15.28 to $4.48. With negative indicators, aptos may continue falling, with the key level to watch being $3.82.
Pi Network: Pi Network is at a crucial support level, which could spark a rebound. It hit a low of $0.46 on July 6, matching April and June lows. The Bollinger Band squeeze suggests a potential bounce if it holds above $0.46. A rebound could see it test the $1 resistance level.
