CPI data will be released tonight at 20:30!
Current data forecast: previous value 2.9%, expected 2.6%. I think 2.6% may be a bit difficult, because the current state of the US economy is not good and the risk of recession has always existed.
Tonight's data will be a watershed moment for the market! Tomorrow, the market may see major changes due to the results of the CPI data.
4 Cryptocurrencies to Watch Right Now
IO
IO has been performing amazingly recently, rising an astonishing 2,600% in the past six months! The current price fluctuates between $1.43 and $1.73, and it has risen 14% in the past week. If it breaks through the resistance level of $1.85, the target price may climb to $2.15, bringing a 20% increase. With such amazing long-term growth potential and a solid support structure, IO will become a strong competitor in the AI-crypto field, with a bright future and is bound to attract investors seeking explosive returns.
ARKM
ARKM has shown resilience recently, currently trading between $0.90 and $1.07. If it breaks through the $1.14 resistance level, it could rise by 43%. Although it has fallen 65% in the past six months, its technology platform is committed to improving the transparency and understanding of blockchain data and is an important tool in the crypto ecosystem. With the $0.82 support level showing strength, the market may refocus on Arkham, especially in the eyes of investors looking for long-term value.
GRT
GRT is at a critical juncture, trading between $0.13 and $0.15. A breakout above the $0.16 resistance level could usher in a 20% rally. Despite a 68% drop over the past six months, its core technology remains critical to Web3 infrastructure. The possibility of a breakout would trigger a strong bullish trend, and GRT is expected to shine in the future as demand for decentralized data services grows.
IMX
IMX is trading between $1.10 and $1.31, having fallen 64% in the past six months. However, it still has the potential to recover. Resistance is at $1.42, while support is at $1.00. A breakout above $1.42 could push the price towards $1.63, a gain of up to 25%. The neutral RSI and Stochastics show that the market is watching closely for a breakout signal. With the increasing interest in NFTs and gaming, IMX’s blockchain solutions platform is expected to drive future growth.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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