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The three major Crypto Assets to follow this week: Kaito, Avalanche, Pi Network
After the strong market rally with the total market capitalization of encryption surpassing $40 trillion, the market will face multiple key events this week: the earnings reports from American tech giants, the deadline for Trump’s trade negotiations, and the pressure from Token unlocks, which may become a new barometer for Bitcoin and mainstream alts. Kaito, Avalanche, and Pi Network are the focal points of this week.
This week's three major variables: earnings reports, tariff negotiations, and ETF capital flows
This week's key market catalysts will include the quarterly earnings reports from Google, Tesla, IBM, and Microsoft, and these results will directly influence investors' attitudes towards U.S. stocks and risk assets.
In addition, the August 1 trade negotiation deadline set by Trump is approaching. If no agreements are reached with South Korea, the EU, and others, the United States will impose heavy tariffs, which may push the negotiations into a critical stage, thereby indirectly affecting the prices of risk assets such as Bitcoin.
At the same time, the continuous inflow of funds into the spot Bitcoin ETF and the actions of companies increasing their positions will also continue to support market sentiment.
Kaito Token unlocking is approaching, and the technical indicators show fatigue
Kaito has gained attention for its unique "Yield Attention Protocols" (YAPs), which rewards users based on social media engagement through an AI platform. Its ecosystem also includes a platform that tracks crypto narratives and Tokens.
However, the $KAITO Token will face a token unlock of $13.94 million this week, accounting for 3.5% of the circulating supply. The current chart for Kaito has formed a bearish flag and an ascending wedge, indicating a short-term downside risk.
The current circulation of its Token is 241 million pieces, expected to continue unlocking until 2028, with a maximum total of 1 billion pieces.
Avalanche faces significant resistance, $41 million unlocking is imminent
AVAX has shown strong performance recently, rising from a low of $15.73 in June to the current $24.70, but this week will see the unlocking of tokens worth $41.1 million, accounting for 0.4% of the circulating supply. To date, Avalanche has unlocked 325 million tokens, with 35 million tokens still to be unlocked, planned to be fully unlocked by 2030 at the latest.
Technically, AVAX is approaching a key resistance level of $26.76, which is the neckline of the double bottom pattern. If it breaks through this level, it may further open up upside potential.
Pi Network's Dual Technical Form is Brewing Directional Breakthrough
Despite the overall market rise, Pi Network has been performing poorly recently and is currently testing the key support at $0.4087.
On the technical chart, it has formed both a double bottom pattern (bearish if support is broken) and a large descending wedge (bullish if broken). If it breaks the upper edge, it is expected to challenge the $1 mark this week, becoming one of the hot coins of the week.
Other noteworthy coins and policy catalysts
Bitcoin, Ethereum, Solana, and XRP remain the market's main players, continuously attracting ETF inflows. Meanwhile, rumors suggest that Trump may announce allowing pension funds to invest in encryption assets, which could inject new momentum into the market.
Conclusion: This week, the crypto market is facing multiple challenges on the macroeconomic front and in terms of token supply. Kaito, Avalanche, and Pi Network will become the eye of the storm due to unlocks or technical formations, while Bitcoin and mainstream coins continue to be supported by ETF and policy catalysts. Investors should closely monitor financial reports, political developments, and changes in key technical levels to formulate flexible strategies.