Cryptocurrency

April

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/anticipating-market-volatility-upcoming-pce-data-and-cryptocurrency-price-predictions/" data-wpel-link="internal">Anticipating Market Volatility: Upcoming PCE Data and Cryptocurrency Price Predictions</a><br></p>
<p style="text-align: justify">Tomorrow’s PCE data is closely watched by the Fed as an inflation indicator and is expected to increase volatility. Negativity in employment and inflation data has undercut excessive optimism about interest rate cuts. Although the Fed expects a 75bp cut for the entire year, market expectations are still well above the Fed’s forecast.</p> 
<h2 style="text-align: justify" id="current-state-of-altcoins">Current State of Altcoins</h2> 
<p style="text-align: justify">PCE data is the most critical before next week’s Fed meeting and the final turn. Interest rates are expected to remain steady, but the first statements of the year by Powell will be closely monitored. The problem is that market expectations are still significantly above the Fed’s predictions. This means that the current level of <a href="https://en.coin-turk.com/spot-bitcoin-etf-decision-sec-delays-approval-speculation-continues/" data-wpel-link="internal">BTC</a> and altcoins reflects this optimism at some point.</p> 
<p style="text-align: justify">If the Fed makes more definitive statements about interest rates and confronts the market with a hawkish stance next week, this could further temper optimism, indicating a potential downturn for risk markets.</p> 
<p style="text-align: justify">While cryptocurrency volume is fixed below 50 billion dollars, the cumulative value of cryptocurrencies may not be able to maintain its 1.51 trillion dollar support. In addition to BTC’s negativity, if we consider the macro negativity, it would not be surprising to see BTC make a deeper dip within a few weeks and pull down altcoins.</p> 
<h2 style="text-align: justify" id="shib-and-xrp-coin-price-predictions">SHIB and XRP Coin Price Predictions</h2> 
<p style="text-align: justify">SHIB, which has been trading in a broad parallel channel since April last year, fluctuates between its support and resistance lines. Most recently, it surpassed the resistance line of 0.000011 dollars on December 16-17 but could not sustain above it and, as expected, pulled back to the middle line of the channel.</p> 
<p style="text-align: justify">At this point, we can see that SHIB’s price has pulled back to 0.00000761 and 0.00000641 dollars with closures below 0.00000877 dollars.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-307388 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/SHIBUSDT_2024-01-25_16-54-11.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">On the XRP Coin front, in addition to the general market negativity, there is anxiety about the mass appeals expected to begin this year. The court could change its view that sales in secondary markets are not securities, even if it’s a low probability, which could start a new process negatively affecting all altcoins. Even the anxiety alone will affect the price as it will diminish investors’ appetite.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-307389 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/XRPUSDT_2024-01-25_16-56-25.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">In terms of price, XRP Coin has been closing below the support line of the parallel channel for a long time, and if BTC cannot hold the 40,400 dollar support, we could see a drop to 0.4736 dollars. Below that, there is support at 0.41 dollars.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/anticipating-market-volatility-upcoming-pce-data-and-cryptocurrency-price-predictions/" data-wpel-link="internal">Anticipating Market Volatility: Upcoming PCE Data and Cryptocurrency Price Predictions</a></h5>

Anticipating Market Volatility: Upcoming PCE Data and Cryptocurrency Price Predictions

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