The need to monitor altcoin dynamics amidst Bitcoin's recovery is drawing trader attention. Key economic events are expected in the coming days.
Current Market Situation
Bitcoin's recovery, aiming for a price of $66,000, is a significant event in the market. However, altcoins have yet to show the anticipated price increases.
Economic Indicators and Their Impact
Traders will closely monitor tariff announcements and key economic indicators from the U.S. over the next ten days, including employment data and the Personal Consumption Expenditures (PCE) figures. A PCE report around 2.2% could spark discussions on potential interest rate cuts.
Outlook for SOL, CHZ, and CEEK Coin
Solana (SOL) is currently trading around $148 and has struggled to maintain the $150 level. A gradual climb towards $164 could occur under favorable market conditions. CHZ has not maintained the $0.0437 level but remains close. CEEK Coin has been on a downward trajectory, with dips below $0.0126 likely long-term but potential short-term spikes towards $0.0186 and $0.0221.
Current market conditions require traders to exercise caution. The outcomes of tariff discussions and the release of key economic data will be critical factors shaping future trends.
