The weekend has arrived, bringing an important juncture for cryptocurrencies with the anticipation of increased volatility. We expect volumes to remain weak over the weekend, yet tariffs are set to intensify the market dynamics. Recently, significant net inflows from ETF investors indicate potential resolution insights in tariffs. The critical question remains: what are the trading targets for ADA, UNI, and TRX?
ADA Coin Trading Targets
This weekend, the European Union and the United States are engaged in extensive tariff negotiations. The official statement from the US, released hours ago, expressed optimism about reaching a consensus. However, a leaked report from the EU side suggests a more confrontational stance from the US, causing concerns about the EU moving away from an agreement. We await developments over the weekend and expect clearer insights from the EU regarding the tariffs.
Simultaneously, negotiations with China continue, and the trade deal with India is nearing completion. The EU remains the primary trouble spot in the tariff situation, significantly impacting trade volume and inflation. If positive announcements emerge from the US-EU discussions, a market uptick is likely. Conversely, a persistent lack of agreements might trigger a downturn, especially as BTC holds below $108,000. Crypto Traders Are Rushing to This App – Here’s Why You Should Too
Cardano (ADA) $0.814252 is currently positioned at $0.57. Momentum above $0.63 could enable a test of $0.77 by July 9. In a risk-tolerant environment, a rally to $0.869 is possible, reclaiming the significant psychological support zone at $1.
However, if BTC peaks locally and falls below $100,000, significant selling below the $0.53 critical support might push prices down to $0.455. A moderate decline by July 9 may not see $0.455 reached, likely showing prices stalling around this support level.
UNI and TRX Trading Targets
For an extended period, $5.9 has been an attractive entry point for UNI Coin. In a bearish case, retesting this area is possible. Should favorable news arise, overcoming resistance at $7.5 is conceivable, potentially leading to a test of the $8.7 region supported by strong volume.
Despite the downtrend, TRX has shown commendable performance recently. Although Sun remains a controversial figure, his efforts have maintained stability. In a bearish environment, $0.267 could present a buying opportunity.
With intensified selling pressure, $0.247 could become a focal point once again. However, the current price strength suggests targeting $0.304 after surpassing $0.29. Of course, the market’s direction heavily depends on BTC and ETH performances.