Investors in the cryptocurrency market are preparing for a new week, expecting significant volatility as April comes to a close. The upcoming decision by the Federal Reserve on interest rates could have a major impact on the trajectory of interest rates for the year. At the beginning of the year, there were expectations of a 150 basis point cut, but now investors are only anticipating a 50 basis point cut. Even the Federal Reserve itself is aiming for a 75 basis point cut, highlighting the prevailing negativity in the market over the past few weeks. What are the current predictions for Chiliz, Shiba Coin, ETHERFI, and ATA Coin?
Chiliz (CHZ):
104 days ago, the price of CHZ Coin broke through the resistance of the parallel channel and recently retested this level during a downturn. In order for the upward trend to continue, it is crucial for the price to close above the breakout level of $0.085. However, if the key region is lost during a potential oversell, there could be a drop to $0.07. In the short term, in order for the price to continue rising, $0.12 needs to become a support level, and if positive developments occur in the BTC market next week, we could see new highs between $0.138 and $0.16.
Shiba Coin (SHIB):
The price of Shiba Coin is currently caught between the crucial support level of $0.0000212 and the resistance level of $0.0000282. The upcoming Shibarium upgrade on Thursday could serve as a catalyst for the price. However, the market is also expected to be influenced by the Federal Reserve announcements on Wednesday. It is crucial for either the support or resistance level to break soon, with the price needing to move either below $0.0000185 or above $0.0000328.
ETHERFI Price Prediction:
At the time of writing this article, ETHFI Coin has been the top-gaining altcoin on Binance. It is currently priced at $4.33, with daily gains exceeding 30%. If the price can close above $4.4, we could see new highs. Despite being a relatively new altcoin, it has already found its local bottom, and there is potential for the rally to continue up to $5.43.
ATA Coin Price Prediction:
ATA Coin, like many other cryptocurrencies, is experiencing volatile movements with sharp rises and falls. Although the price reached $0.3 earlier this month, it faced strong selling pressure and fell to the support level of $0.186. If ATA Coin can close above $0.26, there is a possibility of a retest of $0.3. On the other hand, there is a risk of falling to $0.155 and $0.12 in the opposite scenario.
Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry a certain level of risk, and should conduct their own research.
