Avalanche Finds Support at $25, Pudgy Penguins Signal Rebound, Cold Wallet Presale Hits $5M

The cryptocurrency market is showing signs of potential recovery amid mixed signals from key assets and emerging opportunities. Avalanche (AVAX) recently dropped to $25.34 after a 5% decline, but the price has found strong support with over 640K wallets accumulating AVAX between $24.90 and $25.10 [1]. The asset remains within its daily ascending channel, and with the Awesome Oscillator turning green, momentum appears to be returning. If AVAX holds this range, it could see a rebound to $29.81 or even $38.50 with broader market participation [1].

Meanwhile, the Pudgy Penguins (PENGU) token has caught attention due to favorable technical indicators. The price is near the lower edge of a descending channel, acting as a potential support zone. A red “9” candle on the TD Sequential and a bullish RSI divergence suggest a trend reversal may be imminent, pointing to a possible rebound toward $0.045 [1].

In addition to these established projects, Cold Wallet has emerged as a promising new entrant in the crypto space. The platform goes beyond traditional crypto storage by rewarding users for every interaction, from gas fees to swaps, using its native token CWT. Cold Wallet’s presale has already raised over $5 million in just weeks, and the token is currently in Stage 16 at a price of $0.00942 [1]. With a locked launch price of $0.3517, early investors could see a 3,707% return if the presale progresses as expected. The project’s utility-driven model and high upside potential have made it a top choice for investors seeking long-term value [1].

While AVAX and PENGU offer potential for short-term gains, Cold Wallet presents a more strategic opportunity for those looking to invest in a project with both strong utility and growth potential. Given the rapid pace of the presale, there is no guarantee the offering will remain open for long, adding urgency for early participation [1].

[1] Source: [1]Avalanche Price Drops to $25, PENGU Signals Rebound, and Cold Wallet’s Presale Climbs Past $5M in Weeks! (https://coinmarketcap.com/community/articles/688c9f2fb672e45c23ae26ef/)