Investors in the cryptocurrency market are preparing for a week of potential volatility as April draws to a close. The upcoming decision by the Federal Reserve on interest rates could have a significant impact on the trajectory of rates for the rest of the year. Initially, there were expectations of a 150 basis point cut, but now investors are only anticipating a 50 basis point cut. Even the Fed itself is targeting a 75 basis point cut, reflecting the prevailing negativity of recent weeks. What are the current predictions for Chiliz, Shiba Coin, ETHERFI, and ATA Coin?
Chiliz (CHZ)
104 days ago, the price of CHZ Coin surpassed the resistance level of its parallel channel and recently retested this level during a market downturn. In order for the upward trend to continue, it is crucial to maintain closure prices above the breakout level of $0.085. However, if the key region is lost during a potential oversell, there is a possibility of a drop to $0.07. In the short term, for the upward trend to sustain, $0.12 needs to become a support level, and if positive developments occur in the BTC market next week, we may see new price peaks between $0.138 and $0.16.
Shiba Coin (SHIB)
The price of Shiba Coin is currently caught between the 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 of Shiba Coin. However, the Federal Reserve announcements on Wednesday are expected to have a significant impact on the overall market. Either the support or resistance level must break soon, leading to a price movement either below $0.0000185 or above $0.0000328.
ETHFI Price Prediction
At the time of writing this article, ETHFI Coin has been performing exceptionally well on Binance, with a current price of $4.33 and daily gains of over 30%. If the closure prices stay above $4.4, we could witness new price highs. Despite being a relatively new altcoin, ETHFI Coin seems to have found its local bottom and we may see the rally continue up to $5.43.
ATA Coin Price Prediction
ATA Coin, like many other cryptocurrencies, has been experiencing significant price volatility with sharp rises and falls. Although the price briefly touched $0.3 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, if the price falls, there is a risk of it dropping to $0.155 and $0.12.
Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.