Notable Cryptocurrencies This Week: Bonk, Aptos, Pi Network

The cryptocurrency market is still in a consolidation phase as the price of Bitcoin remains slightly below its all-time high. The main catalysts for the industry this week will be the upcoming Federal Reserve meeting minutes and the tax deadline set by President Donald Trump on July 9. Some top cryptocurrencies to watch this week are Bonk ( BONK ), Aptos ( APT ), and Pi Network ( PI ). BONK

BONK, the largest meme coin on Solana (SOL), will be the center of attention this week as its upward momentum continues. It has risen for five consecutive days and is hovering at its highest level since May 23. BONK has surpassed the Fibonacci retracement level of 23.6% at $0.00002095 and is approaching the important resistance level at $0.000025, the highest fluctuation on May 12. BONK has also moved above the 50-day and 100-day moving averages, a sign that the bulls are in control. Additionally, the Relative Strength Index and MACD indicators are both trending upwards. Therefore, the price of BONK is likely to continue rising, with the next point to pay attention to being the 50% retracement level at $0.00003453. Aptos

Aptos, a leading layer 1 network, will be in the spotlight this week as it unlocks tokens worth 50 million dollars. Cryptocurrencies often decline after their tokens are unlocked because this usually increases the number of tokens in circulation. The price of Aptos has been on a downward trend this year, dropping from a high of 15.28 dollars in November to 4.48 dollars today. The price has formed a descending channel and is moving below the 50-day and 100-day exponential moving averages. The MACD line has moved below the zero line, while the Relative Strength Index has fallen below the neutral point at 50. Therefore, Aptos price is likely to continue to decline this week, with an important level to watch being the yearly low of 3.82 dollars. Pi Network

Pi Network will be the center of attention this week as it hovers around an important support level, which could trigger a rebound. The token fell to a low of $0.46 on July 6, a crucial price point as this is the lowest level in April and June. Its collapse coincided with the tightening of the Bollinger Bands, as the gap between the three lines has narrowed. Therefore, there is a possibility that the token will recover this week as long as it stays above the support level of $0.46. A recovery could see it retest the important resistance level of $1.