Investors in the cryptocurrency market are preparing for a week of potential volatility as April comes to a close. The upcoming decision by the Federal Reserve on interest rates could have a significant impact on the trajectory of interest rates for the rest of the year. Initially, investors expected a 150 basis point cut, but now they are anticipating only a 50 basis point cut. Even the Fed itself is aiming for a 75 basis point cut, highlighting the prevailing negativity in recent weeks. So, 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 a parallel channel and recently retested this level during a downturn. To sustain the upward trend, it is crucial to maintain closures above the breakout level of $0.085. However, if the key region is lost during a potential oversell, the price could drop to $0.07. In the short term, for the upward movement to continue, $0.12 needs to provide support. If positive developments occur in the Bitcoin (BTC) market next week, the price could test new highs 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 market will also be influenced by the Federal Reserve’s announcements on Wednesday. Either the support or resistance level must be broken soon, with the price moving below $0.0000185 or above $0.0000328.
ETHERFI Price Prediction:
At the time of writing, ETHFI Coin is the highest-gaining altcoin on the Binance exchange. It is currently priced at $4.33, with daily gains exceeding 30%. If the price closes above $4.4, it could reach new highs. Despite being a relatively new altcoin, it has already found its local bottom and there is a possibility of the rally continuing up to $5.43.
ATA Coin Price Prediction:
ATA Coin, like many other cryptocurrencies, is experiencing significant price fluctuations. Although it briefly reached the $0.3 mark this month, it faced strong selling pressure and fell to the support level of $0.186. If ATA Coin can close above $0.26, it could retest $0.3. On the other hand, there is a risk of falling to $0.155 and $0.12 in a bearish scenario.
Disclaimer: The information provided in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry a high level of risk. It is recommended to conduct thorough research before making any investment decisions.
