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The first quarter has proven disastrous for cryptocurrency markets, with the second quarter starting on a grim note. Despite significant issues being largely resolved and a newfound freedom in America, an unprecedented situation has unfolded. Following World War II, the global trade balance has begun to destabilize, escalating into a trade war between the United States and China. What does this mean for cryptocurrencies like CEEK, Floki, DOGE, and GAS Coin?
CEEK and Floki Coin
After Donald Trump issued a bold ultimatum to the world, he announced a 90-day tariff pause on April 9. He stated, “I decided this morning,” amplifying uncertainty in the markets. The U.S. Independence Day lasted around the clock, showcasing Trump’s ability to reverse decisions and further increase market instability, especially after CNBC misreported the 90-day pause hours earlier.
Uncertainty ranks among the most detrimental aspects for risk markets, with the repercussions in cryptocurrency being even more severe. Who bears the brunt of this crisis? A glance at the chart reveals that CEEK Coin represents one of the more disadvantaged tokens.
For nearly two years, I have consistently warned followers that while we may see speculative surges, the expectation in the medium to long term is a continual descent into deeper all-time lows. Those who bought in while waiting for a potential bottom at $0.0206 faced further declines, hitting a new all-time low of $0.0127. It is crucial to reiterate that speculative spikes are possible, but deeper ATL points are anticipated moving forward.
Protest selling in meme coins, tariff concerns, and rising uncertainty have all contributed to the downward trajectory seen in the charts. Currently, a support level at $0.0000455 holds, but if chaos continues, we might see a drop to the $0.0000308 level from early 2024. Conversely, a close above $0.0000532 could rejuvenate those hoping for a rebound from these lows.
DOGE and GAS Coin
Among the top gainers on Binance at the moment is GAS Coin, which has experienced double-digit increases. For traders capitalizing on this environment, the $1.86 range has provided much-needed relief. However, the $2.9 mark likely serves as a stop point for many daily traders, with declines potentially reaching down to $2.31.
It has been 106 days since Elon Musk mentioned Dogecoin 
$0.156286 (DOGE), and the government’s efficiency department has failed to stimulate interest in DOGE. The overall market downturn has tested the $0.13 floor, while retaining support at $0.15 is imperative.
In the event of a potential rapid rise, short-term investors may target profit-taking levels between $0.178 and $0.20.
