Solana

FLOKI

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-tension-and-meme-coin-dynamics-as-interest-rate-concerns-loom/" data-wpel-link="internal">Market Tension and Meme Coin Dynamics as Interest Rate Concerns Loom</a><br></p>
<p style="text-align: justify">The excitement around meme coins has weakened, and the nervousness surrounding the Fed meeting is reminiscent of the 2022 bear market sell-offs. The Fed’s front-loaded interest rate hikes were pushing markets down with the fear of “more to come.” Now, the concern that “interest rate cuts will be delayed” is triggering sell-offs following poor data.</p> 
<h2 style="text-align: justify" id="xrp-coin-analysis">XRP Coin Analysis</h2> 
<p style="text-align: justify">The negativity in <a href="https://en.coin-turk.com/bitcoin-price-surge-and-altcoin-market-update/" data-wpel-link="internal">BTC</a> prices and the sell-offs starting at $0.74 have pushed <a href="https://en.coin-turk.com/the-rise-of-tech-giants-tesla-apple-and-microsoft/" data-wpel-link="internal">XRP</a> Coin towards the expected target. We had previously written that a loss of momentum at $0.74 could lead to a gradual decline to $0.68 and then $0.58. With the meltdown in BTC prices, we now see XRP Coin pulling back to supports more quickly than expected.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-330465 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/XRPUSDT_2024-03-20_03-46-01.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">Investors are counting the days for the end of this narrow range movement, which has become predictable. The ongoing battle with the <a href="https://en.coin-turk.com/b2c2-secures-key-license-for-crypto-services-in-europe/" data-wpel-link="internal">SEC</a> could not be concluded in the first quarter of 2024. Worse still, the possibility of an SEC victory in the collective appeal process is undermining investors’ long-term optimism.</p> 
<p style="text-align: justify">The increasing circulating supply also makes it necessary for XRP Coin’s market value to surpass its 2021 peak to reach a price of $2. With the current circulating supply, a market value from 2021 roughly enables a unit price of $1.35.</p> 
<p style="text-align: justify">Turning back to the price, the targets in the weekly chart shared above are current. The price has returned to the parallel channel support, and closures below it could trigger new lows between $0.54 and $0.48. Below that, there is support at $0.46-$0.47.</p> 
<h2 style="text-align: justify" id="what-will-be-the-price-of-floki">What Will Be the Price of FLOKI?</h2> 
<p style="text-align: justify">The hype around meme coins has diminished. As Solana was reaching its ATH, BTC took an early downturn, prompting investors who love high risk to start selling quickly. FLOKI Coin, having made massive gains in the last few weeks, has seen a sharp decline.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-330466 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/FLOKIUSDT_2024-03-20_03-49-29.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">A profitability rate exceeding 94% was indicating to investors waiting for new peaks. Now, especially with short-term traders exiting, the price faces the risk of falling below $0.000163. If the feared scenario materializes, the price could drop to $0.0000943, adding a zero before it. After that, there is a potential to fall to $0.0000357.</p> 
<p style="text-align: justify">However, if BTC rapidly recovers from the $60,000 region and entries into meme coins resume, a return to $0.000250 and $0.000298 could be seen.</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/market-tension-and-meme-coin-dynamics-as-interest-rate-concerns-loom/" data-wpel-link="internal">Market Tension and Meme Coin Dynamics as Interest Rate Concerns Loom</a></h5>

Market Tension and Meme Coin Dynamics as Interest Rate Concerns Loom

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