Bitcoin $85,806 ’s price has regained $85,000 but has yet to surpass the critical threshold of $86,000. However, cryptocurrencies are in a better position compared to a few days ago. Negotiations concerning tariffs are promising, Fed announcements are motivating, and the market is pricing in a greater likelihood of easing ahead of the new Fed meeting in about 50 days.
Will Altcoins Rise?
Although many on-chain metrics indicate the start of a bear market, we have yet to witness the Fed reversing its tight monetary policy in this cycle. The White House is sharing details about ongoing tariff negotiations. The discussions happening for several countries foster speculation for a smooth transition similar to the UK’s trade agreement struggles.
Ceasefire talks related to the Russia conflict are progressing. Trump mentioned after today’s discussions that they are nearing agreements for Ukrainian mines. While the Fed significantly reduces asset sales, it does so amidst increasing inflation risks. With rising unemployment forecasts, signals suggest that interest rate cuts may accelerate if layoffs increase.
Predictions for ADA, SOL, and CHZ Coins
Cardano $0.731048 ( ADA ) has entered the government’s crypto reserve, and its U.S. base is a long-term advantage, similar to SOL and XRP. The ETF processes are ongoing, and as the Ripple $2 case concludes, the SEC is expected to announce decisions on around 40 altcoin ETFs by the end of the year. Is there still an obstacle for altcoin ETF approval? Probably not.
ADA Coin has largely maintained $0.68 as support since March 9, but testing $0.82 and turning it into new support is crucial for a stable rise. In an optimistic scenario, the next target would be the $1 threshold.
SOL Coin is struggling to surpass $137 again. If the market balances out liquidity absorbers punishing the Solana $134 network, the overall altcoin rally shouldn’t be disrupted. The targets here are $158, $182, and then back to the $203 threshold.
Although it tends to perform well in the first two quarters, the overall market trend has been unfavorable for CHZ Coin. While $0.04 holds as support, CHZ Coin is expected to target $0.053 and $0.06 before turning $0.072 into support for another rise.
