The first interest rate cut is confirmed for September by Fed Chairman Powell’s statements. There is no clear roadmap regarding the pace of rate cuts, and the Fed will decide based on incoming data. However, due to factors like the end of the summer season, investors expect a rise in September. This expectation aligns with historical data.
ETH Price Prediction
Everyone expects a rise, but what is the target for ETH? EMA20 is at $2,700, and since BTC was above $63,600 at the time of writing, the price surpassed this threshold. Now, with closures above the significant resistance level of $2,850, ETH needs to test the SMA50 level of $2,984.
Above SMA50, the path to a new ATH can be re-entered. This has the potential to support the rally by reviving demand in the ETF channel. We had seen the results of delayed institutional support in the BTC ETF process as well.
BNB Coin September Target
Among the major altcoins by market value, BNB Coin was the only one to see ATH and is again targeting above $700. The current price at $586 is above EMA20, and the resistance at $606 needs to be surpassed. If this can be achieved, the resistance at $635, where the pre-ATH sales wall was established, can be targeted. In the opposite scenario, closures below $546 could lead to a drop to $460.
Solana (SOL) Price Predictions
The ETF rejection was not good for mid-term performance. However, we are starting to see closures above the EMA20 level, which is a short-term bullish signal. If buyers remain strong above $147, the SMA50 level of $154 can be targeted. Then, $164 and $189 will come into play.
In the opposite case, closures below $147 could lead to new lows between $136 and $116.
XRP September Predictions
Closures above $0.6 have resumed, and the BTC price increase has been supportive here. Surpassing the $0.64 barrier could allow XRP Coin to test $0.74 again. Conversely, if BTC starts to fall, losses could continue to the SMA50 level at $0.55. This would mean the tedious movement between $0.41 and $0.64 continues further.
