Made in USA Cryptos Surge: PENGU, AVAX Gain 20%+ on ETF News, PI Drops 31%

Several Made in USA cryptocurrencies have recently gained significant traction, driven by a combination of ETF news, sector recoveries, and community discussions. Among these, PENGU and AVAX have shown particularly strong performance, while PI and TRUMP face unique challenges. RENDER, an AI-related token, has also seen a notable resurgence.

PENGU has emerged as a speculative favorite following Canary’s filing for a PENGU ETF. The token is currently trading within a range of $0.0061 to $0.0072. If bullish sentiment continues, driven by ETF announcements, PENGU could surpass $0.0072, targeting levels of $0.00759 and $0.0093. Conversely, if bearish sentiment returns and the price drops below $0.0061, key support levels to watch are at $0.0057 and $0.0050. A breakdown below this threshold would indicate a shift towards a bearish outlook.

AVAX has garnered attention following a $4 million investment from World Liberty Financial and the formal application for an Avalanche ETF by Mantle and VanEck with the SEC. This investment positions AVAX as a potential market contender. Currently, AVAX is approaching a critical resistance level at $22.58. A breakout could open doors to higher resistance points of $25.11 and $27.22. If sustained momentum carries through, AVAX might even test the significant level of $36.18. However, should the positive trend reverse, a decline to support at $20.22 could prompt further price corrections.

Pi Network (PI) is facing scrutiny from the community regarding its SuperNodes, with allegations of bot activity impacting overall sentiment negatively. The price has dipped approximately 31% over the past week. Currently trading below $1, should broader sentiment start to recover, PI could rebound to test resistances at $1.23 and $1.79. Should negative trends persist, a decline toward $0.81 support is possible, with significant concern if it breaches down to $0.62.

Official Trump (TRUMP) remains a key player within the meme coin segment, demonstrating sensitivity to shifting market dynamics. With a market capitalization currently at $2.3 billion, it stands in stark contrast to its former peak at $15 billion. In current conditions, if the market maintains a bullish trajectory, TRUMP may test resistance levels at $12.51 and $13.88. A resurgence could see it rising to $17.75 and possibly $24.56. On the downside, failure to maintain momentum could see TRUMP retesting support at $9.54.

RENDER, recognized as a leading AI-related coin among Made in USA cryptos, has marked a significant recovery, soaring over 20% in the last week alone, indicating a revitalization in the AI token sector. The potential for a sector-wide rebound could further boost RENDER’s performance, with EMA lines indicating a possible golden cross. If continued enthusiasm prevails, RENDER could test resistances at $4.17 and $4.63, with an upward target of $6.19. However, should selling pressure manifest, key support levels at $3.42 and $2.52 must be closely monitored.

The recent activities among American-bred cryptos indicate a dynamic environment influenced by market sentiment, regulatory movements, and community engagement. Tokens like PENGU and AVAX show robust potential driven by institutional interest, while PI and TRUMP require careful monitoring amidst varying market conditions. The resurgence of RENDER also highlights the broader recovery in AI-related assets. Keeping an eye on these developments will be crucial for informed trading and investment decisions.