The cryptocurrency market continues to capture attention with its unpredictable nature and dynamic shifts. Bitcoin $105,895 maintains a steady position at $109,000, but rising tensions surrounding Trump’s statements are having a stark impact. While we have grown accustomed to the strategic high-tension dramas in tariff negotiations, the financial markets remain vulnerable to sudden volatility. The pressing question is: what can be expected from BONK, AVAX, Shiba Coin, and BNB Coin?
BONK and AVAX Insights
As trading volumes dwindle during weekends, combined with Trump’s ongoing fiery rhetoric, there’s potential for market declines over the next 48 hours. Jerome Powell’s upcoming statements on May 25th are anticipated to exert further pressure on the markets. Despite persistent tariff-induced delays in interest rate cuts, Powell continues to express concerns about inflation.
The fundamental reasoning appears to involve holding the rapid rate-cut card for any potential major crises. While many central banks, including the ECB, are gearing up for further rate cuts this year, the Fed is charting a contrary course. Come Sunday, expectations lean towards hearing similarly toned announcements.
Trade volumes have already receded below $200 billion, with altcoins facing around a 4% loss while Bitcoin maintains relative strength. The total market cap for cryptocurrencies has fallen to $3.44 trillion from $3.5 trillion.
According to Binance TR data, while BTC holds at $109,000, AVAX has slipped back to the 24-level. We’ve frequently highlighted the critical $27 threshold, and with the previous day’s bullish momentum halted by the Trump effect, resistance levels remained untested. Prices are expected to hover around $23 over the weekend.
Solana $148‘s rise presented a favorable opportunity for BONK Coin, which remains advantageous compared to many altcoins. Despite a 20% increase in two days, closures above the $0.000024 resistance haven’t been recorded. The weekend might trigger retests to $0.0000211 amidst a potential negative scenario.
Shiba Coin and BNB Analysis
Shiba Coin, unable to sustain $0.0000160, retreats to the $0.0000139 base. Given the lack of momentum here, significant drops over the weekend are unlikely.
BNB Coin experienced losses exceeding 5% today. While some of the loss has been recovered, a target of the $648 base remains.
Should the negativity surge above normal over the weekend, a pullback to the $638 zone could occur, though this support is anticipated to hold firm. In summary, downturns to the mentioned support levels in altcoins would not be surprising. Trump and Powell may further accelerate the decline or maintain a sideways trend. A rare surprise would be experiencing one of the weekend rallies we haven’t seen for a long time.