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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-responds-to-us-economic-policies" rel="noopener noreferrer nofollow">Cryptocurrency Market Responds to US Economic Policies</a><br></p>
<p style="text-align: justify">In a recent development, the US Federal Reserve decided to maintain the current interest rates, a decision accompanied by significant remarks from Chairman Jerome Powell. This announcement has prompted a close analysis of major cryptocurrencies such as <a href="https://en.bitcoinhaber.net/bitcoin-vs-gold-expert-clem-chambers-weighs-in" rel="noopener noreferrer nofollow">Bitcoin</a>, <a href="https://en.bitcoinhaber.net/surge-in-solanas-market-price-predicted-to-approach-250" rel="noopener noreferrer nofollow">Solana</a>, <a href="https://en.bitcoinhaber.net/enormous-transactions-signify-investor-confidence-in-ripples-xrp" rel="noopener noreferrer nofollow">XRP</a>, and Dogecoin, focusing on their market reaction through support and resistance levels.</p>
<h2 id="analysis-of-solana-s-market-position">Analysis of Solana’s Market Position</h2>
<p style="text-align: justify">Solana’s current market scenario suggests a bearish control as it struggles to recover at the $126 mark. With support weakening at $116, a breach below this level might accelerate selling pressure, potentially pushing the prices down to $100. Conversely, a price rise above the 20-day EMA of $144 could initiate a short squeeze, pointing towards a possible bullish resurgence towards the 50-day SMA of $166.</p>
<h2 id="what-s-happening-with-xrp">What’s Happening with XRP?</h2>
<p style="text-align: justify">XRP showed a faltering attempt at a rally, starting from the $0.50 mark. However, the inability to maintain higher price levels has led to a potential retest of the support at $0.46. A decisive break below this could set off a downtrend, while a successful defense could stabilize the price within the $0.41 to $0.74 range, challenging bear dominance.</p>
<h2 id="dogecoin-s-decline-continues">Dogecoin’s Decline Continues</h2>
<p style="text-align: justify">Dogecoin has experienced a sharp decline, breaking below critical support levels within a symmetrical triangle and a downward head-and-shoulders pattern. This descent could push prices as low as $0.08. On the flip side, a rebound above the neckline and the 20-day EMA of $0.15 might signal a bullish comeback.</p>
<h2 id="key-market-insights">Key Market Insights</h2>
<ul>
 <li>Solana’s recovery above $144 could trigger a bullish market response.</li>
 <li>XRP needs to hold above $0.46 to avoid entering a bearish trend.</li>
 <li>Dogecoin’s immediate future hinges on reclaiming higher support levels.</li>
</ul>
<p style="text-align: justify">These insights into cryptocurrency behaviors following the US macroeconomic updates provide a clearer understanding of potential future movements. Investors and traders should monitor these levels closely to align their strategies with market dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-market-responds-to-us-economic-policies" rel="noopener noreferrer nofollow">Cryptocurrency Market Responds to US Economic Policies</a></h5>

Cryptocurrency Market Responds to US Economic Policies

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