Cryptocurrencies Face Uncertainty as Tariffs and Economic Data Loom
This week, cryptocurrencies may experience volatility due to President Donald Trump’s tariffs and upcoming U.S. nonfarm payroll data. The market started off slow, with most coins in a bearish trend. Bitcoin (BTC) recently dipped to $82,432.00. The crypto fear and greed index is now at 25, signaling fear.
Key cryptos to watch include Solana, Polkadot, and Cronos. Solana (SOL) is especially captivating. Its price is near the $119.5 support level,a critical point since April last year. A drop below this level could signal further declines, possibly to $100. the 50-day and 200-day moving averages crossed, forming a bearish pattern. A fall below $119.5 could confirm a bearish trend.
Cronos (CRO) has shown strength, rising 30% in the past week. This surge follows Crypto.com’s partnership with Trump Media and a community vote to create a Strategic Crypto Reserve.Cronos’ price bounced after hitting $0.0715, a level it hasn’t breached since last year. A rise above $0.1197 could push prices to $0.133. Cronos, formerly Crypto.com, is also in focus. It surged 30% recently. The token’s price could climb if it breaks above $0.1197, aiming for $0.133. Cronos’ price has been resilient, staying above $0.0715. A rise above $0.1197 could lead to more gains. The community’s decision to burn 50 million tokens and create a reserve adds to its appeal. A breakout above $0.1197 could mean more gains.
Polkadot (DOT) is at a crucial support level of $3.60. A breakout here could push it to $12. The community’s token creation and burn decisions have fueled its rise. Polkadot (DOT) is near $4.08, a key support since 2022. A breakout here could see it reach $12. These events highlight the market’s dynamic nature. Investors should monitor these coins closely for potential shifts.
- Solana’s price action suggests a bullish move.
- Cronos’ partnership and token decisions boosted its value.
- Polkadot’s price is near $4.08, hinting at a bullish move.
