Cryptocurrency investors are gearing up for a new week and significant volatility is expected as April comes to an end. The upcoming Fed interest rate decision could shape the interest rate trajectory for the year. Starting the year with expectations of a 150bp cut, investors are now anticipating only a 50bp cut. Even the Fed is targeting a 75bp cut, clearly explaining the negativity that has persisted over the past few weeks. What are the current predictions for Chiliz, Shiba Coin, ETHERFI, and ATA Coin?
Chiliz (CHZ)
104 days ago, CHZ Coin price surpassed the parallel channel resistance and recently retested this level during a downturn. For the rise to continue, it is necessary to maintain closures above the $0.085 breakout level. However, if the key region is lost during a potential oversell, a drop to $0.07 could occur. In the short term, for the rise to continue, $0.12 needs to become support, and if positive developments occur on the BTC front next week, new quick peaks between $0.138 and $0.16 could be tested.
Shiba Coin (SHIB)
In a rapid decline, the $0.0000212 support is crucial, and the price is currently stuck between this and the $0.0000282 resistance. The upcoming Shibarium upgrade on Thursday could be a good price catalyst for Shiba Coin. Of course, Wednesday’s Fed announcements are expected to challenge the markets. Either the base or resistance must break soon, and the price must move either below $0.0000185 or above $0.0000328.
ETHFI Price Prediction
As this article was prepared, ETHFI Coin was the highest-gaining altcoin on Binance. It is currently priced at $4.33, with daily gains exceeding 30%. Closures above $4.4 could lead to new highs. Despite being a relatively new altcoin, it has found its local bottom and we could see the rally continue up to $5.43.
ATA Coin Price Prediction
Sharp rises and sharp falls. ATA Coin, like many other cryptocurrencies, is experiencing highly speculative movements. Although the price touched the $0.3 mark this month, it faced strong selling pressure and fell to the $0.186 support. If ATA Coin can close above $0.26, it could retest $0.3. In the opposite scenario, there is a risk of falling to $0.155 and $0.12.
