Bitcoin price dropped significantly, causing a short-term disaster scenario for altcoins. Fed movements before meetings are standard. Volatility increases, especially after critical meetings with poor data. Moreover, May inflation data will be released on Wednesday. The agenda is extremely busy.
SHIB Price Prediction
The second-largest meme coin by market value, SHIB, emerged as the DOGE killer and is the only meme coin to surpass it in market value. Therefore, Shiba Coin holds a unique position. However, this special meme coin is testing its base support, potentially exiting its upward trajectory. If it closes below $0.00002090, a gradual decline to $0.00000954 may begin.
Shiba Coin, which has been stuck in a parallel channel for almost 90 days, may see a real breakout as it starts pricing in Fed decisions around this time tomorrow. Investors should be aware of the downward risks and consider the potential losses if key support is lost.
LUNA Coin Price Prediction
Having tested the $0.53 support multiple times, LUNA Coin is now preparing to fill the bearish candle. As of writing, BTC has slightly recovered, bringing LUNA back to $0.54, but investors should be prepared for potential sharp declines in BTC in the coming hours. If strong net outflow data emerges in the ETF channel, sellers may be encouraged during the daily candle close.
Of course, predicting the future is impossible. The price bouncing from here could potentially return to $0.6809. However, until Powell’s statements are over, the downward trend seems likely to continue, especially with the increased likelihood of Fed members revising the dot plot against risk markets based on recent data.
FLOKI Coin Predictions
It was expected to continue making new ATHs. However, FLOKI Coin also took its share from the recent BTC drop. If the price, which has fallen to $0.000234, cannot hold this level as support, deeper lows may be seen. Potential targets are $0.000211, $0.000160, and $0.000128.
As long as the price maintains its last support, it may continue its upward trajectory.
