US Public Debt Refinancing to Trigger Market Volatility, Crypto Investors Eye DOT, LINK, PEPE

The US public debt is surging, with $9.25 trillion worth of debt set to mature this year, requiring refinancing. This debt constitutes approximately 25.6% of the total public debt. The refinancing process is anticipated to occur amidst fluctuating interest rates, which, although lower than previous highs, remain significant. The Economic Policy Center suggests that June will be a pivotal month in determining the refinancing date for 2025.

As the US public debt is projected to reach $50 trillion by 2034, market volatility is expected to persist. This volatility could be exacerbated by the upcoming refinancing of the $9.25 trillion debt. Investors are advised to consider top crypto tokens such as Polkadot (DOT), PEPE (PEPE), and Chainlink (LINK) as potential investments ahead of this event.

Polkadot (DOT) is highlighted as a resilient crypto token with strong fundamentals. Its price has formed a small falling wedge pattern, indicating a potential bounce back later this year. The coin has also formed a quadruple bottom, resisting movement below the key support level of $3.742. The upcoming Polkadot 2.0 upgrade further supports the bullish outlook for DOT. A rise to last year’s high would require a 170% increase from the current level, but this view could be invalidated if the price drops below $3.74.

Chainlink (LINK) is another top crypto token to consider. As the largest oracle network in the crypto industry and a key player in the Real World Asset (RWA) tokenization sector, LINK has strong fundamentals. Technically, the LINK price has formed a giant megaphone pattern, suggesting potential upside over time. However, this bullish forecast could be invalidated if the price drops below the lower side of the megaphone.

PEPE (PEPE) is also recommended as a top crypto token to buy ahead of the US debt refinancing. It has formed a giant double-bottom pattern at $0.00000593, with a neckline at $0.00002833. This pattern, along with a falling wedge pattern since December last year and bullish divergence in oscillators like the RSI and MACD, suggests a potential rally. The initial target for PEPE is $0.000014, the lowest swing in December. However, a drop below the double-bottom level could invalidate the bullish prediction.

The upcoming US debt refinancing presents a significant event that could lead to substantial volatility in the crypto market. Investors are advised to position themselves with top blue-chip crypto coins like PEPE, Chainlink, and Polkadot to navigate this potential market turbulence effectively.