President Donald Trump’s announcement of new customs tariffs on April 2 has left cryptocurrency investors on edge. Growing concerns over the global trade war are dampening risk appetite, leading to increased selling pressure in the market. Bitcoin (BTC) $82,464 struggles to maintain the $81,000 mark, while other altcoins like Ethereum (ETH) $1,827 , Pi Network (PI), Pepe Coin (PEPE), and Solana $125 (SOL) are facing even more complex situations. Investors should pay close attention to these four altcoins.
Tariff Tensions Hit Markets Hard
The new customs tariffs, expected to exceed 20%, are set to impact over 25 countries. These tariffs threaten not only traditional markets but also directly wobble the cryptocurrency market . The Economic Uncertainty Index has reached record levels, pushing investors to seek safe havens.
The ongoing correction in the cryptocurrency market is now deepening due to these political developments. The increased uncertainty could lead to significant losses, particularly in high-market-cap altcoins. During this period, investors need to steer clear of specific altcoins to minimize risk.
Keep an Eye on Ethereum and Pi Network
Ethereum has fallen below the critical support level of $1,820, facing severe selling pressure. Currently trading around $1,800, ETH has lost 15% in just one week. Some analysts warn that if the price drops below $1,750, it could fall further to the next support level at $1,550.
Altcoin Ethereum (ETH)
Conversely, Pi Network has plummeted by 70% this month, becoming one of the worst-performing altcoins. Despite integrations by Binance and a voting process, diminishing investor confidence has led to continued price declines. Currently trading around $0.70, PI has dropped 10% in the last 24 hours and may continue to face selling pressure in the coming weeks.
PEPE and Solana Altcoins Under Selling Pressure
PEPE, a memecoin , has fallen to $0.00000707, breaking through critical support levels. Having lost 7% in the last 24 hours, PEPE signals that large investors are transferring substantial amounts of coins to exchanges, suggesting further declines may be imminent.
Solana started the week steady at $126 but has since retreated to the $120 support level. Its RSI has dropped to 38, nearing an oversold territory. If the price fails to surpass $130, predictions indicate that SOL coin could fall to $110, making it a risky investment in the short term.
