The anticipated surge in altcoins has yet to materialize, yet the rebound of Bitcoin (BTC) $103,770 from its decline, targeting a price of $66,000, holds significance. If no deviation from the expected softening of tariffs is observed starting Monday, the market might see a recovery as expectations for the Federal Reserve (Fed) diminish.
Warnings for Altcoin Traders
The next ten days are critical for the market. Announcements regarding tariffs will be closely monitored, along with significant U.S. economic data. Employment and PCE figures will shed light on inflation and recession concerns, with predictions for the Fed’s inflation indicator, PCE, hovering around 2.
Should PCE report around 2.2, it may invalidate the Fed’s commentary on sticky inflation, creating a favorable environment for responding positively to calls for interest rate cuts from Trump. Additionally, there is a strong potential for agreements to be finalized within two months before tariffs impact prices and feed inflation.
On the other hand, the market’s non-expectation of a dovish stance from the Fed makes a dovish announcement valuable given the pricing of the worst-case scenario for this meeting. Those who had previously been cautious and sold off before volatility may remain eager to buy during this ten-day period.
SOL, CHZ, and CEEK Coin
Despite the current market environment not appearing suitable for a robust surge, it presents horizontal and upward potential, which is significant for charts. As of the writing, Solana $180 (SOL) is hovering around $148, yet it has not managed to maintain a position above $150.
If the anticipated scenario unfolds, a gradual rise towards $164 can be expected next week. If the bulls can stabilize prices in the 164-167 dollar range, we might see cryptocurrencies like BONK on the Solana network gaining momentum.
CHZ has yet to secure $0.0437 but has also not strayed far from this level. In a positive scenario, it may gain this key level, converting it into support and potentially testing between $0.0541 and $0.0627.
CEEK Coin has been anticipated for nearly two years as it seeks new all-time lows, causing reactions in the market. While there’s no need to restate the reasons, potential dips below $0.0126 are likely long-term. In the short term, it tends to create speculative upper wicks, and amidst a hype market atmosphere, it may see spikes towards $0.0186 and $0.0221.