Cryptographic markets regularly increased Asian morning hours on Thursday after a sale the day before while the president of the Fed, Jerome Powell, destroyed the hopes of reduction of early rates while the world markets prove to be the impact of newly withdrawn American rates.
Bitcoin (BTC) added 2% in the last 24 hours, Coingecko data show, affecting nearly $ 84,500. Ether (ETH), XRP, DOGECON (DOGE) and BNB of the BNB chain added between 1%to 3%, Solana soil leading to 6%.
At the bottom of the hierarchical order, the hyperliquid media threw jumped 8.5% to carry out gains from the caps prohibited in an immediate catalyst. The Celestia TIA spilled 4% to carry out losses, because the sale of pressure on tokens with a long unlocking calendar increases after the Mantra Dao nose earlier this week.
Powell said the Fed needed more time to see the effects of prices take place in the world economy. The same goes for economic effects, which will include higher inflation and slower growth, referring to “stagflation” – a return to a considerable part of the 1970s when the United States experienced low economic activity and two -digit inflation.
“The merchants hoped that the Fed arrives with early rate reductions to strengthen the markets, but it seems that it will not happen anytime soon,” said Jeff Mei, CoO in Btse, in Coindesk in a telegram message. “In the short term, we expect Bitcoin to continue to negotiate the range from $ 80,000 to $ 90,000 until we saw more clarity on tariff negotiations and rate cuts.”
Elsewhere, Augustine Fan, information manager at Signalplus, said Powell’s remarks have disappointed the doves by highlighting their concentration on protection against price increases focused on driving a long -term increase in inflation expectations.
“The crypto has exchanged water for the most part, although the techniques remain more constructive in the short term as long as BTC can keep above 81K, with markets focused on the details on the first trade agreement of Trump upon his arrival, as well as the profit season of companies which was putting itself at higher speed from next week,” said Fan.
Meanwhile, here is the technical analysis and the models identified by the machines on the market today.
Sol price analysis
- Soil experienced a price increase of 14.5% of $ 119.58 to $ 136.01 between April 11 and 14, followed by a significant correction.
- The overall beach of $ 16.42 represents a volatility duration of 13.7%.
- After reaching the peak volume during the rally from April 12 to 13, momentum indicators show a weakening of the purchase pressure.
- Sol has established a descending resistance trend line from the summit of $ 136.
- The support was around $ 126 at $ 127, the 50 -hour mobile average acting as dynamic resistance.
- A recent price action suggests consolidation after the rally, with lower peaks indicating an increasingly potential if the support of $ 125.67 breaks.
XRP price analysis
- Recent volatility suggests that XRP can be wrapped for a significant movement because it tests the levels of critical support after dramatic price fluctuations.
- XRP experienced a dramatic price wave from April 12 to 13, from $ 2.00 to a peak of $ 2.24 (11.7%fork), driven by an exceptional volume exceeding 240 m during the time of rupture.
- The rally established a strong resistance to $ 2.18 to $ 2.24, while forming a support at $ 2.08 to $ 2.10.
- The recent price action shows a downward reversal model with a decreased momentum while XRP found itself at $ 2.09, setting up in a consolidation phase.
- The 48-hour fibonacci retirement indicates that the price is fell to 61.8%, suggesting potential stabilization, although the drop in volumes and non-compliance with the signal warning of $ 2.15 for short-term bulls.
ETH price analysis
- Ether experienced significant price volatility with a global range of 7.8% ($ 119.72) between $ 1,546.87 and $ 1,666.50.
- The 48 -hour analysis reveals a downward inversion scheme because the ETH failed to maintain the momentum after reaching $ 1,690.16, forming a double top before decreasing suddenly.
- The volume analysis shows an increased negotiation activity during downward movements, in particular during the sale of April 14 where the volume exceeded 500,000 units, indicating high sales pressure.
- The 50 -hour mobile average of around $ 1,625 is now used for immediate resistance, with key support established at $ 1,585 at $ 1,590.
