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COINTURK NEWS > Technical Analysis > Market Trends Signal Surprising Shifts in Cryptocurrency Prices
Technical Analysis

Market Trends Signal Surprising Shifts in Cryptocurrency Prices

In Brief

  • Bitcoin faces reversal of gains following disappointing PCE data.

  • XRP and SOL show signs of potential price challenges ahead.

  • Market trends indicate possible surprising shifts in cryptocurrency values soon.

İlayda Peker
İlayda Peker 1 month ago
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As of the article’s publication, Bitcoin (BTC) $101,365 is priced at $85,000, with this week’s gains being reversed. The PCE data exceeded expectations, failing to deliver the scenario many hopeful traders anticipated. Currently, the only hope lies in the possibility of a surprising market surge, despite skepticism from investors who are watching historical short-selling positions being liquidated.

Contents
XRP Coin PredictionsChiliz (CHZ) and SOL Coin Insights

XRP Coin Predictions

Ripple (XRP) $2 is experiencing one of its best periods historically. Although the price reflects this only marginally, significant developments include the conclusion of its legal battle and upcoming regulations on stablecoins post-RLUSD issuance, along with support for U.S.-based companies from Trump. These factors align closely with Ripple’s interests.

However, why isn’t the price rising? Trump continues to trumpet the global trade war. On April 2, he is expected to reveal new tariffs, which has kept the markets on edge for three months.

If XRP Coin falls below the $2.20 support level, it could touch $1.98 soon. Short sellers stand to gain as they seem poised to profit just before U.S. markets open following the PCE data. Experienced investors know that painful periods often precede significant surges.

The weekend’s low trading volumes, the tension surrounding April 2, and the rising PCE data suggest a surprising upward movement in cryptocurrencies could occur soon.

Chiliz (CHZ) and SOL Coin Insights

We are currently in a phase where even the most optimistic analysts hesitate to share their charts. Bearish predictions are easy and have become quite popular recently. CHZ Coin is moving toward the $0.038 support level and may approach it closely in the coming hours.

Unless a miracle occurs, SOL Coin is likely to test the $124-$120 range shortly, with a potential decline below that to the $110 support level. In extreme sell-offs, the target might drop to $98.

As previously mentioned, positioning for a decline is becoming an easy trade, and the market needs to end this cycle of easy profits. A surprising 15-20% rise in BTC could break this stagnant cycle, as seen in the past.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 28 March, 2025 - 4:38 pm 28 March, 2025 - 4:38 pm
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İlayda Peker
By İlayda Peker
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Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
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