The crypto market held steady during the weekend as investors focused on the upcoming Federal Reserve interest rate cut scheduled on Wednesday. Bitcoin remained at $115,000, while Ethereum, XRP, and Solana remained at their highest level in weeks.
This article provides forecasts for some top cryptocurrencies like Avantis (AVNT), Somnia (SOMI), and Pepe (PEPE).
Pepe price prediction
Pepe, the second-biggest meme coin on the Ethereum network, rose for the seventh consecutive day as investors rotated back to meme coins.
It jumped to a high of $0.00001260, its highest level since July, and 30% above its lowest level this month.
The rebound happened after the coin formed the highly bullish falling wedge pattern on the daily timeframe. It then moved above the 50-day moving average and the major support and resistance level of the Murrey Math Lines tool.
However, the Average Directional Index (ADX) has started falling, a sign that the bullish momentum is losing steam.
Therefore, the coin will likely have a strong bullish breakout in the coming days, with the next key level to watch being at $0.00001475, the highest level in July this year.
The bullish outlook will become invalid if the coin dropped below the important support level at $0.000010. A move below that level will point to more downside.
Somnia price forecast
Somnia, the recently launched crypto project for gaming, was one of the best-performing tokens today as it jumped by over 45%. This rebound pushed its market capitalization to over $226 million while its volume jumped to $820 million.
The hourly chart shows that the SOMI price bottomed at $0.8855 in September and then bounced back to the current $1.4135 as investors bought the dip. It has moved above the 38.2% Fibonacci Retracement level and the strong pivot reverse level of the Murrey Math Lines.
Somnia’s volume and futures open interest continues rising. Therefore, the token will likely continue rising as bulls target the extreme overshoot level at $1.7580, which is about 25% above the current level.
The alternative scenario is where the coin retreats and retests the major support and resistance level at $1.1720.
Avantis price technical analysis
Avantis, a major player in the Base Blockchain, was another top gainer in the crypto market today as its token jumped to $0.4480.
AVNT token has jumped by 120% from its lowest level this month, helped by its strong network growth. The total value locked (TVL) in the platform has soared to its all-time high of $23 million, up from the year-to-date low of $10.3 million.
Avantis perpetual volume is also doing well, helped by its low fees and high leverage. It has handled over $2.12 billion this month so far compared to the $4.1 billion it processed in the previous month.
The AVNT price has jumped from a low of $0.2050 on September 10 to the current $0.4500. This is an important level as it is along the top of trading range of the Murrey Math Lines.
Avantis price will likely continue rising as many smart money investors continue to accumulate, with most comparing it to Hyperliquid, which has become a behemoth in the industry.
