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The crypto market experienced a downturn today, following comments from Fed’s Williams indicating that conditions for interest rate cuts are not met. Meanwhile, Trump is attempting to navigate the situation, and if he manages not to falter this time, it could bode well for the market. Despite China’s strong stance against rising tensions, it is evident that mutual dependence among countries may require reaching a common ground.
Altcoins on the Rise
Although uncertainty prevails in the markets, Trump’s recent retreats and announcements from Japan and China appear to have positive implications. Concrete agreements are essential for relieving pressure on cryptocurrencies. The absence of significant factors, aside from tariffs, that seriously burden cryptocurrencies provides hope for a swift recovery alongside the resolution of issues.
Some metrics indicate that the ongoing declines may soon come to an end. Moustache provided a “friendly warning” by sharing the market dominance chart of USDT, emphasizing its critical importance.
“Friendly Reminder: USDT Dominance has reached a very important point.
Lower USDT Dominance = Higher crypto market.
Patience is crucial in this game, but new peaks are inevitable by 2025.”
SOL, CHZ, AVAX Coin Predictions
BTC has seen fluctuations; however, SOL Coin is approaching 138 dollars. Its relatively strong position indicates that if it closes above 138 dollars, it may signal a rise in altcoins. Conversely, if Trump makes another drastic statement or negativity emerges, we could see a retest around 122 dollars.
In the general market decline, CHZ Coin has remained vulnerable, frequently reaching new lows. Its current ability to maintain the 0.035 dollar threshold is promising for future expectations. Should market sentiment shift, we could see tests around 0.04980 and 0.0669 dollars.
AVAX continues to struggle, lingering below 22.44 dollars. While SOL Coin shows signs of slight recovery, AVAX persists with its expected movements. Compared to SOL Coin, which surged from 8 dollars to 300 dollars, AVAX has not provided anticipated investment opportunities.
Currently, 17.5 dollars could be a potential low in adverse conditions. However, if we see closures above 20.77 dollars, we may begin to observe higher peaks once again.
