Amid the growing conflict in the Middle East and today’s Federal Reserve FOMC meetings, Avalanche crypto has only fallen 2.5% while other major cryptocurrencies are down between 5-10%. The relative strength from AVAX may point to a possible breakout post today’s FOMC announcements.
Many are anticipating that interest rates will be left untouched when Powell speaks at the FOMC later today, with a small group holding out hope that a rate cut is coming, which could truly signal the beginning of this cycle’s bull market.
Happy FOMC day to those who celebrate.
It’s looking like we’re not getting cuts anytime soon. pic.twitter.com/dVLegR0KRL
— Polymarket (@Polymarket) June 18, 2025
The Devil Will Be In The Detail When Powell Speaks Today: Hint Of Q3 Rate Cuts Could Lead To A Breakout For Avalanche Crypto
Interest rates look set to stay the same today, which is what the prediction market platform, Polymarket, also believes. Currently, 99% of bettors have placed their money on ‘no change’ at today’s FOMC.
However, the thing to watch today is Jerome Powell’s speech and whether the Fed Chair hints at a rate cut for September’s Q3 FOMC meetings. If so, this could be the green light for the crypto market and risk assets in general to continue on their bullish trajectory.
Even with ongoing conflict in the Middle East and the US’s involvement looking increasingly likely, Bitcoin has held incredibly strong and refused to drop below $102,000. It is currently trading at $104,700, and there is sure to be more volatility with the Fed meeting in just a few hours.
However, if BTC holds above $100,000, anything other than a rate increase will likely lead to a fresh all-time high for the leading cryptocurrency. Another major digital asset that has held incredibly well in the face of recent volatility is Avalanche crypto.
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AVAX is trading for around $18.5, down only 2.5% on the day, while many of its contemporaries are down between 5-10% in the same timeframe. Even on a two-week timeframe, Avalanche crypto is down just 12%, signalling strength from the Layer-1 protocol.
Another sign of strength for AVAX is in its memecoin ecosystem. While most memecoins have been suffering the hardest during this volatile period, Avalanche memes have been performing incredibly well. In the last 24 hours alone, SUPRA, FOMO and KET are all up 152%, 353% and 25%, respectively.
If today’s FOMC meeting outcome is positive for risk assets, Avalanche crypto looks set to make a near 100% move to $28 in the short term. $28 represents the next significant resistance zone, and with the right market conditions, it could easily push through.
In the mid-term, a target of the yearly high is possible for AVAX, which came in early January when it hit $44, per CoinGecko. All eyes now are on the 2pm ET announcement from the FOMC meeting, followed by Powell’s speech at 2:30pm.
BONUS: Solaxy (SOLX) Could Be The Avalanche Crypto Of 2025 With Its TGE Just Around The Corner
At this point, there isn’t much left to say about Solaxy (SOLX), which now has over $54 million in ICO funding, making it the largest non-VC-funded presale of 2025. While Avalanche crypto currently boasts a $7.8 billion market cap, SOLX will launch at a much lower valuation, offering serious gains to those who get in early.
With just 5 days remaining until the presale comes to a close, SOLX is still experiencing 7-figure inflows from eager investors seeking to secure a bag before it hits the open market.
The hype behind Solaxy began with it being the first-ever Layer-2 solution on Solana, but has since expanded far beyond that already impressive feat. To date, SOLX boasts a full end-to-end ecosystem of products, that will all be housed on the Solaxy L2 network.
Per the recently released launch schedule from the Solaxy team, by July 21, SOLX will be used to power the full L2 infrastructure alongside its Ethereum – Solana – Solaxy bridge, its in-house DEX (Neptoon) and a token launchpad, named Igniter.
Between now and July 21, the Solaxy mainnet will go live, with a full block explorer, a Wiki, staking unlock for presale stakers, and a now confirmed exchange listing.
The SOLX token is already due to hit multiple DEX’s at launch but now the Solaxy team have seemingly confirmed the longstanding rumor of a top-tier CEX listing for SOLX.
(SOURCE)
How To Buy SOLX Before The Presale Ends In Less Than 5 Days
🚨 Solaxy is now live in Upcoming Tokens! 🚨@SOLAXYTOKEN gives holders an opportunity to join the first-ever Solana Layer 2 blockchain.
Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.… pic.twitter.com/satNF6zFNF
— Best Wallet (@BestWalletHQ) December 17, 2024
To get involved before the timer ticks down to 0, head over to the Solaxy presale website, connect a supported wallet (such as Best Wallet), and buy SOLX with ETH, SOL, USDT, or even a Bank Card.
The Solaxy team is still offering juicy staking APYs on SOLX tokens, with 79% APY on offer for those seeking a generous passive income on their bag.
For the best experience, we recommend the aforementioned Best Wallet, it is the go-to Web3 wallet with full presale integration and multi-chain support.
Follow Solaxy on Telegram and X for all of the latest updates.
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