Crypto Markets constantly rose in the hours of the Asian morning on Thursday after a sale of the previous night when the president of the Fed, Jerome Powell, collected the hopes of early rate cuts as global markets extend due to the impact of newly low US rates.
Bitcoin (BTC) added 2% in the last 24 hours, according to Coingcko data, playing almost $ 84,500. Ethher (ETH), XRP, Dogecoin (Doge) and BNB of the BNB chain added between 1%-3%, with a solana sun that leads to 6%.
In the hierarchical order, Hyperliquid’s exaggeration increased by 8.5% to obtain profits between intermediate tapas without immediate catalyst. The Aunt de Celestia threw 4% on lead losses, since the sale pressure on tokens with a long unlock schedule is increasing after the cloud of Mantra Dao earlier this week.
Powell mentioned that Fed needed more time to see the effects of tariffs on the global economy. It is likely that the same is true for economic effects, which will include greater inflation and slower growth, insinuating “stagflation”, a setback to a considerable part of the 1970s when the United States experienced a weak economic activity along with two -digit inflation.
“The merchants expected the Fed to arrive with early rate cuts to reinforce the markets, but it seems that this will not happen in the short term,” said Jeff Mei, director of Operations of BTSE, to COENDESK in a Telegram message. “In the short term, we hope that Bitcoin will continue to exchange the range of $ 80,000 – $ 90,000 until we see more clarity about the fees negotiations and the target cuts.”
On the other hand, Agustine’s fan, Chief of Insights in Signalplus, said that Powell’s comments disappointed the pigeons by focusing their focus on protecting against price increases driven by the rate by promoting a long -term increase in inflation expectations.
“Crypto exchanged water for the most part, although the technicians remain more constructive in the short term provided that BTC can be maintained above 81K, with the markets focused on the details in the first Trump commercial agreement when it arrives, as well as the season of corporate gains that are launched from next week,” said Fan.
Meanwhile, here is the technical analysis and the patterns seen by machines in the market today.
Sun Price Analysis
- Sol experienced a price increase of 14.5% of $ 119.58 to $ 136.01 between April 11 and 14, followed by remarkable correction.
- The general range of $ 16.42 represents a volatility period of 13.7%.
- After reaching the maximum volume during the rally from April 12 to 13, the impulse indicators show the purchase pressure.
- Sol has established a line of descending resistance trend from the maximum of $ 136.
- The support has formed around $ 126- $ 127, with the 50-hour mobile average acting as dynamic resistance.
- The recent price action suggests consolidation after the rally, with lower maximums that indicate potential below if the $ 125.67 support is broken.
XRP price analysis
- Recent volatility suggests that XRP can be rolled up for significant movement, since it proves critical support levels after dramatic price oscillations.
- XRP experienced an increase in dramatic prices from April 12 to 13, rising from $ 2.00 to a peak of $ 2.24 (rank of 11.7%), driven by an exceptional volume greater than 240 million during the time of rupture.
- The rally established a strong resistance to $ 2.18- $ 2.24, while supporting $ 2.08- $ 2.10 was formed.
- The recent price action shows an bearish investment pattern with a decline impulse as XRP turns over $ 2.09, setting in a consolidation phase.
- The 48 -hour fibonacci decline indicates that the price has been withdrawn at the level of 61.8%, which suggests a potential stabilization, although the decrease in volumes and the failure to maintain a caution of the signal above $ 2.15 for bulls in the short term.
ETH price analysis
- Ether experienced significant price volatility with a general range of 7.8% ($ 119.72) between $ 1,546.87 and $ 1,666.50.
- The 48 -hour analysis reveals a bearish investment pattern since ETH could not maintain the impulse after reaching $ 1,690.16, subsequently forming a double blouse before decreasing sharply.
- The volume analysis shows greater commercial activity during the downward movements, particularly during the sale of the sale of April 14, where the volume exceeded the 500,000 units, which indicates a strong sales pressure.
- The 50-hour mobile average around $ 1,625 now serves as immediate resistance, with a key support established at $ 1,585- $ 1,590.
