**Cryptocurrency Market Update: What to Watch This Week**

The cryptocurrency market experienced a rebound last week following the release of encouraging core consumer price index data in the United States. As a result, several cryptocurrencies are gaining attention. This week, keep an eye on Terra Luna Classic, Avalanche, and Fartcoin, as they are expected to experience significant price movements.

Terra Luna Classic: Potential Partnership with Cardano

Terra Luna Classic, the remnant of Terra’s crash, may see a price increase following a potential partnership with Cardano. Charles Hoskinson, the founder of Cardano, expressed interest in integrating Bitcoin’s DeFi on Cardano and creating partnerships. In response to a suggestion of a collaboration between Terra Luna Classic and Cardano, Hoskinson stated that he was open to the idea.

“I would love to see both chains collab. The community took over after @stablekwon abandoned it and #Binance burns the supply monthly. People need to check it out.”

A potential partnership could help Terra Luna Classic bounce back, as it has dropped by 50% from its highest swing in December and fallen below the ascending trendline. A drop to $0.00005475, its August low, is possible.

Avalanche: Token Unlock Ahead

Avalanche’s price erased some of its gains made late last week, retreating to $36.95, its lowest point since January 14. The network is set to unlock 62.25 million coins, which may impact the staking yield. Avalanche’s price may bounce back due to a falling wedge chart pattern, potentially leading to a strong bullish breakout and a rally to last December’s high of $55.7.

Fartcoin: Surging Ahead

Fartcoin, a meme coin created in October, has surged by over 27% and reached a market cap of $2.18 billion. It is now the sixth-biggest meme coin and has gained attention from whales and smart money investors. Fartcoin will be in the spotlight as traders assess its potential for further upside. Technically, the most likely scenario is a drop and retest of the key support at $1.6115.

“#Fartcoin: sold a bit of my stack earlier today and then rebought an hour later when I decided that I’m not going to sell this coin for a while and view it as a strong play for this cycle. Fartcoin to $10, hot air rises.”

Other Cryptocurrencies to Watch

Other top cryptocurrencies to watch this week include Ripple, Solana, Litecoin, and Hedera Hashgraph, due to rising ETF approval hopes under the Trump administration.

Stay up-to-date with the latest cryptocurrency news on Global Crypto News.

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