Cryptocurrencies have entered a new week, with BTC trading at $95,680.
Although BTC dipped to $95,200 in the past 24 hours, it showed signs of recovery as it approached the daily closing. As it is a Fed week, high volatility is anticipated in the coming days for cryptocurrencies. So, what are the latest predictions for ShibaCoin, TURBO, and TST Coin?
TURBO and TST Coin Analysis
Today, on the Binance exchange, TURBO and TST were among the top gainers among altcoins. Despite a general red trend in cryptocurrencies, these two achieved close to double-digit gains. Markets are heading into a challenging week, but recent data have somewhat alleviated concerns regarding Powell’s statements. Therefore, a tone similar to the previous meeting, rather than an excessively dovish tone, is anticipated.
Since the Fed has begun to see the effects of tariffs in the data, the upcoming meeting’s announcements will provide signals about the roadmap. This could inform us about the extent of the projected 2025 interest rate reductions.
The TURBO Coin price has surged by 12.3% in the last 24 hours, trading at $0.00539. The recovery that started from the $0.001613 low level has lasted 12 days, surpassing a 114% increase in value during this period. Despite the rise, it couldn’t break the resistance at $0.005632. Investors have fluctuated the price using a buying low and selling high strategy, but a breakdown similar to that seen during November 7-19 might occur, with $0.00371 being a pivotal point. If the resistance is exceeded, upper moves towards $0.00721 could follow.
TST Coin, still a new altcoin on Binance, has fluctuated between $0.0841 and $0.0611, tracing almost a straight line for 59 days. As $0.0630 holds as support, new trials between $0.0740 and $0.079 may occur if it closes above $0.070.
Shiba Coin Price Forecast
Shiba Inu (SHIB) behaves predictably, moving towards the $0.00001170 base as previously warned. The halt in BTC’s rise has led to selling pressure as holders have been minimizing losses through months-long strategies.
With the price having reclaimed $0.0000132 as support, a retest of $0.0000144 is expected. However, currently, the less resistant path seems to be downward.