The impact on cryptocurrencies has been significant, and the danger is far from over. For investors, the challenge lies in the prolonged uncertainty and the fear that weighs on prices. This phenomenon is felt even more acutely in the crypto market.
Solana (SOL)
The tension between China and the crypto sector continues to create anxiety. The US markets experienced another 7% drop today, and bonds did not respond positively to yesterday’s setbacks. Although inflation data has fallen below expectations for two months, its impact on prices remains unclear, as seen with Trump’s unpredictable actions even after supportive news. After a CNBC leak was denied, Trump announced this morning that he decided to freeze tariffs for 90 days, which is not necessarily a positive development.
In the coming hours, US PPI data will be released. Although CPI may not result in a rise, PPI is at risk of coming in above expectations due to tariff fears, and since it is a leading indicator of PCE, we may see its effects in the charts.
For SOL Coin, we mentioned that the potential drop triggered by tariffs could test the $97 region. This has indeed occurred. Although it hovered around $110, the negative sentiment in the overall market makes a decline to the $104 area possible. Below that, the last wick point could also be tested.
Without the fear of tariffs dissipating, seeing closures above the $122 threshold currently seems difficult. SOL Coin investors can turn the news-driven fluctuations between $94 and $122 into profit opportunities in the short term.
Chiliz (CHZ)
We discussed months ago that the first quarter was a favorable period for CHZ Coin. However, Trump’s extreme measures and the reality of a global trade war have derailed this positivity.
We had previously warned about the risks of losing the support at $0.059, mentioning a test of $0.0473. This support has been lost. CHZ Coin will either stabilize at $0.034 or move towards a $0.03 base. The safe zone has reversed to the resistance points above, and closures above this level could initiate movement toward the rally zone between $0.084 and $0.096.