The U.S. economy has experienced volatility over the past week, due to the anticipation and passage of Trump's 'Big, Beautiful Bill'. As a result, many altcoins made in the USA have surged, while other projects are edging closer to new lows.
Let's take a look at the top 3 altcoins made in the USA that investors should watch in the coming days.
Pudgy Penguins (PENGU)
PENGU has emerged as one of the best-performing projects in the market, gaining 50% this week.
This altcoin is currently trading around $0.0162, attracting significant attention. As the market fluctuates, PENGU's impressive performance highlights its potential for the future.
One of the key factors driving PENGU's recent success is strong investor support, which can be seen through the increase in the Chaikin Money Flow (CMF) indicator.
Investors are actively buying into this altcoin, helping to drive its growth momentum. If the trend continues, PENGU could target $0.0180 or higher in the near future.
However, if investors decide to sell, PENGU may face a reversal. A drop below the support level of $0.0151 could lead to further weakness.
In this scenario, PENGU could slide back to $0.0129 or even lower, invalidating the current bullish outlook.
ai16z (AI16Z)
AI16Z has had a disappointing week but is showing signs of a possible reversal. Currently, the altcoin is trading around $0.153, below the resistance of $0.161. If it can break through this barrier, AI16Z may gain momentum, shifting the trend to a more favorable position for investors.
The Parabolic SAR indicator has shifted from above to below the candle, signaling a potential upward trend for AI16Z. This change indicates that the altcoin may experience a price increase in the coming days.
If the upward trend continues, the target price for AI16Z is $0.161, with the next resistance at $0.210.
However, if the bears regain control, AI16Z could drop below the support level of $0.127. Falling below this level could bring the altcoin closer to its all-time low (ATL) around $0.099, invalidating the current bullish outlook and signaling further price weakening.
Sui (SUI)
The price of SUI has increased by 12.4% over the past week, continuing its recovery and is currently trading around $2.89. This altcoin is trying to hold the support level of $2.91, laying the groundwork for potential future growth.
The Parabolic SAR is signaling an upward trend, indicating that SUI may continue to rise. The indicator suggests a potential move to $3.13 or even higher, with a target of $3.33.
If the trend continues, the altcoin could achieve significant gains, attracting investor attention.
However, if selling pressure or supply from investors increases, SUI could drop below the support level of $2.91. In this case, the price could revert to $2.66, invalidating the current bullish outlook. This change signals a potential downturn and diminishes investor confidence.