Bitcoin (BTC) $83,619 price hovers around $85,500, marking another day of easy gains for short-sellers. For months, altcoins have continuously reached new lows, with a four-year cycle suffering under Trump’s erratic economic strategies. The uncertainty brought by tariffs and the global trade war hints at a pivotal moment in history. What lies ahead for FLOKI, Dogecoin
$0.171133, and AVAX?
Avalanche (AVAX) Analysis
This week, AVAX managed to differentiate itself positively and gained some ground. Consequently, it holds the record for the largest loss among major altcoins, having dipped 7% daily.
The pressure of uncertainty seems unlikely to ease until early April. Negotiations regarding tariffs remain vague, making it hard to draw a clear picture from Trump’s messages. The announcement on April 2 regarding tariffs could be completely unexpected, as the EU plans to concede following reciprocal customs duties.
China’s message was crystal clear: if you hurt us, we will retaliate. Those privy to the discussions revealed that officials were told there would be no avoiding new car tariffs and reciprocal customs duties coming next week. These developments unfolded in just one hour, creating a whirlwind of activity.
Before returning to AVAX’s price, understanding the overall market’s gloomy atmosphere is crucial. A decline to $19.75 on AVAX wouldn’t be surprising, as most gains have already been surrendered. The $22.3 level served as a significant support point; its loss accelerated sales. In extreme sell-offs, the $17.47 floor could be tested again.
Dogecoin and FLOKI Coin Commentary
Meme coins have taken extra hits during this period. As millions of fraudulent tokens on the Solana $128 network consumed billions in liquidity, established meme coins like Dogecoin and FLOKI suffered severe blows. DOGE, which dipped around $0.14, seemed to be rebounding but is now targeting $0.167 again.
This uninterrupted decline has persisted for 69 days, and at some point, it must come to an end. As long as closures remain above $0.135, investors will stay hopeful.
FLOKI Coin has plunged to levels not seen in nearly a year. It lost the $0.00011370 support maintained since March 2024 in February this year. The numerous events between March and February haven’t pressured the charts as much as the clouds Trump has cast.
Now, it could test the $0.00005448 support in extreme sell-offs.