Good afternoon everyone, today is the weekend. Last night, the U.S. released the latest Personal Consumption Expenditures (PCE) Index for January, and all data met expectations, alleviating concerns about rising inflation and providing space for the Federal Reserve to cut rates. Encouraged by this, major U.S. stock indices all rose, and Bitcoin rebounded after falling to around $78,000 yesterday, briefly breaking through $86,500.
The U.S. Department of Commerce released the latest Personal Consumption Expenditures (PCE) Index for January on Friday, showing a month-over-month increase of 0.3% and a year-over-year increase of 2.5%. The core PCE, excluding food and energy, also increased by 0.3% month-over-month and 2.6% year-over-year, all in line with market expectations, alleviating concerns of rising inflation and providing space for the Federal Reserve to consider rate cuts.
In addition, Trump will host the first White House cryptocurrency summit on Friday, March 7, while the Chicago Mercantile Exchange is about to launch futures contracts for SOL on March 17, which have slightly improved market sentiment. Let's watch the rebound strength in the coming days; I will only feel the bull market continues if we break through $90,000.
To be honest, the various declines in February have frightened many people, especially those new to the market, who must have been quite scared. But that's how the market is; while it can be frustrating, fluctuations are normal, and the key is to maintain a stable mindset. The recent decline of Bitcoin, although painful, can be considered a healthy adjustment since it had risen too sharply before, and the market needed to digest. Now that it has dropped to a support level, a rebound is expected.
Next, we should pay more attention to some macro-level news, such as U.S. inflation data, the Federal Reserve's policy direction, and the negotiation progress on Trump's side, all of which will have a direct impact on the market.
In summary, there are still many opportunities in the market in March, but the accompanying risks are also significant. We must remain cautious and not rush in at the sight of a rebound. We should also remember to take profits in batches, reduce positions, and set stop losses. Especially for contract players, it is essential to control leverage well, avoid greed, as high leverage can easily lead to liquidation amid large market fluctuations, resulting in losses.
Layout the following 3 types of altcoins that can rebound against the trend!
1. ENA
Ethena (ENA) is currently trading at $0.4119, up 4.06% in the last 24 hours. The price is moving within an ascending channel, indicating bullish momentum. If it breaks above the upward trend line, the increase may accelerate. However, if it falls below this level, it may lead to a correction to the support level.
Ethena is a synthetic dollar protocol based on Ethereum. It offers a cryptocurrency-native monetary solution that does not rely on traditional banking infrastructure. Additionally, it has launched a globally accepted, dollar-denominated savings tool called 'Internet Bonds.'
Ethena has a market cap of $1.28 billion, highlighting the increasing interest from investors. The fully diluted valuation (FDV) is $6.81 billion, and the trading volume to market cap ratio is 39.56%.
The protocol aims to revolutionize decentralized finance by providing stable, secure, and scalable digital assets. As the protocol gains popularity, investors are closely monitoring price trends and potential breakout levels.
2. AAVE
In January 2025, major token holders in the cryptocurrency space purchased 62 million AAVE tokens, a single action that raised Aave's price as it attracted the attention of many other investors. Aave's price rose by 10.62% from $306.44 in January 2025 to $338.96. By January 31, its price rally reached $346.07.
As of February 25, the price of AAVE has dropped to $204. However, with the recent mentioned whale activity, interest in AAVE has significantly renewed. It is expected that AAVE's price will reach $270 this year.
3. AVAX
Avalanche is expected to benefit from the increasing integration of AI into blockchain technology. With its high-performance infrastructure, Avalanche can support the agent economy, especially in the DeFi and gaming sectors. AI agents are dynamic programs that can learn and evolve, continuously running and refining their skills through interaction with data and users.
The agent framework provides an environment for building and programming these AI agents to perform various tasks. Currently, multiple frameworks support the creation of agents on Avalanche. DeLaunch is one of the first projects to introduce a native Avalanche framework, offering a no-code platform that enables users to create AI agents for automating tasks.
Currently, the trading price of AVAX is $21.9, up 2.81% over the past week. Relative to its market cap, the token has shown strong liquidity and continues to perform well compared to its initial price. With the increasing role of AI in blockchain applications, Avalanche's robust infrastructure makes it a key player in this evolving field.