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Cryptocurrencies experienced a calm weekend, signaling the start of a long-anticipated upward trend. The United States’ easing stance towards China and indications that the war in Russia may be concluding are extremely positive for risk markets. So, what do the latest charts for SHIB, WIF, XRP, and BNB Coin reveal?
Shiba Coin and WIF Price Predictions
As the second-largest meme coin by market capitalization, SHIB has dropped 70% from its December peak over 122 days, recently retesting its local peak on March 26. Previous analyses suggested a possible peak at 0.00001454 dollars, and a pause appears to have started here. If the upward momentum continues and surpasses the 0.00001535 dollar mark, we may see bulls stepping in to reclaim the 0.0000169 dollar base.
Above this, the target will likely be 0.0000198 dollars. The overall market sentiment will likely keep Shiba Coin’s volatility ongoing. In an environment where BTC price cannot maintain the 92,000 and 88,000 levels, SHIB might pull back to the likely first point of support at 0.0000124 dollars.
After its peak in November, WIF Coin faced a significant blow, plunging 93.5% over 147 days and reaching a low on April 9. Currently, it is struggling for a bowl-shaped recovery but has not managed to surpass the 0.708 dollar resistance. Many cryptocurrencies, including SHIB and WIF, exhibit a similar structure. Depending on the strong position of the BTC price, this structure may lead to parabolic rises from the bottom.
If the resistance is breached, WIF Coin may reclaim the psychological support level of 1 dollar; otherwise, we could see it drop back to the April 9 low or even lower.
XRP Coin and BNB Predictions
The news flow is quite supportive for XRP Coin, and unlike the above charts, it seems to trend sideways, reflecting this in its price. The 2.15 dollar support remains intact, and there may be new attempts towards 2.36 and 2.5 dollars. In May, CME listing could act as a strong price catalyst for XRP Coin. If market pressures do not intensify before the Fed’s decision in 10 days, the price could test 3 dollars by the end of the month.
BNB Coin is currently finding buyers at the 600 dollar mark. Whether it can surpass the 618 dollar resistance depends on the direction of tone related to tariffs. Since expectations for the Fed meeting are mostly shaped, we may not see significant pressure, unlike previous meetings. The markets might have priced in the worst for the Fed since they have already indicated no interest rate cuts or stimulus in this meeting. Conversely, a dovish tone could lead to bullish sentiment if the extreme fears reverse as expectations solidify.
