Türkçe
Español
As the cryptocurrency king hovers around the $79,000 mark, U.S. markets face nearly a 7% loss due to declining sentiments. The geopolitical tensions with China further dampen the market atmosphere. As Trump addresses the cabinet, negotiations related to the EU’s electric vehicle tariffs against China have surfaced, signaling a cautious global response to his recent retreat.
Insights on Pi Coin
Given the weak overall market sentiment, it is exceedingly difficult for altcoins to show significant gains. However, with increasing headlines about the EU and China rapprochement, yesterday’s retreat raises concerns. The lack of resolution with China means that news about tariff freezes has failed to produce the desired results in bonds and has not led to sustainable stock recovery.
During the writing of this analysis, Chicago Fed President Austan Goolsbee commented that political interventions complicate the implementation of major interest rate hikes. Trump, meanwhile, hinted at ongoing transition costs and issues, suggesting that yesterday’s retreat should not provide excessive comfort.
Pi Coin currently trades at $0.58. Following a rapid recovery from a $0.399 low, it has struggled to break the $0.66 barrier. The early decision of several major centralized exchanges to close their doors to Pi Coin has sparked relentless FUD, and ongoing transparency issues regarding supply pose long-term risks, although strong investor interest keeps the price buoyant.
If the $0.523 support level holds, targets of $0.66 and $0.79 may resurface. However, a clear reversal from the lows is not yet visible, and potential market chaos could lead to new lower wicks in the $0.399 to $0.22 range.
Performance of Shiba Coin and XRP Coin
XRP Coin appears to be on a positive trajectory. Even amidst negative market sentiment, significant sell-offs have been limited. Ripple’s public listing and the potential for ETF approvals this year, along with possible agreements in the RWA sector, bolster XRP’s position.
A breakout above $1.98 would be favorable for XRP, although continued negativity may push towards the $1.90 base. The main upper target is $2.20, contingent on catalysts such as China’s agreements and major news from Ripple 
$2. It is important to note that those who bought during Gensler’s exit are still enjoying a 70% gain.
In a downturn, Shiba Coin could test the $0.0000102 level, especially as Trump emphasizes sourcing chips from other countries. A genuine recovery for Shiba Coin will hinge on reaching the $0.0000125 to $0.00001408 range, marking a breakout from the ceiling as a confirmation of a bottom reversal.
