Cryptocurrency traders experienced challenging times in the first quarter due to fears surrounding tariffs announced by Trump. However, the heavier-than-expected tariffs might lead to a positive divergence in cryptocurrency markets. While Bitcoin (BTC) $84,938 and altcoins have not suffered massive losses yet, the threat still looms. Notably, the price performance of Pi Coin has garnered attention. What predictions lie ahead for SOL, Pi Coin, and XRP?
Pi Coin (PI)
On April 5, Pi Coin’s price dipped below $0.4, only to suddenly rebound by 37% to $0.54. The break below the $0.5 threshold due to excessive selling seems to have excited some investors. In the past 24 hours, the total rebound from the low reached 101%, and after testing resistance at $0.8, it is now hovering around the $0.64 region.
Currently, it is approximately 40% above yesterday’s peak. The $0.68 level must turn into support, while the $1.16 threshold will act as significant resistance for any upward movement.
Earlier analyses mentioned the disappointment faced by those seeking easy short-selling opportunities here. Delayed though it may be, those anticipating a decline have reached their target levels. The price has fluctuated significantly from $3 to below $0.4 over the past 38 days.
With the latest dip and the subsequent rebound, we can observe that volatility remains strong. The trading volume is around $4.4 billion, and considering that the total volume in cryptocurrency has dropped to $42 billion according to CMC data, this indicates a high level of interest.
Solana (SOL) and XRP Coin
The price of SOL Coin continues to hover near the $112 mark. Initially, there was a bullish narrative surrounding U.S.-based cryptocurrencies, with prices nearing the $300 boundary due to Trump’s attention on meme coins, but now faces a risk of retreating to $97. There remains a prevailing sentiment that cryptocurrency markets have not fully priced in the tariffs.
If expectations for interest rate cuts strengthen ahead of the Fed meeting in about 30 days, and an annual total of five rate cuts is anticipated, we may see some leading movements in cryptocurrencies. In this scenario, SOL Coin could test levels of $146 and $188.
XRP Coin is holding steady at the $1.93 level and remains in bullish territory. With the conclusion of the case, the ecosystem showing promising developments, and Ripple $2‘s IPO expectations, XRP Coin appears to be on the right track. Although there has been a pause in the upward movement, XRP Coin, which is currently just below the $2.2 support, may attempt a new rally toward $2.58.