As the new week begins, significant movements are observed in the cryptocurrency market. The Federal Reserve minutes and September inflation data are expected to impact market volatility. We examine the current status and forecasts for popular altcoins such as AVAX, XRP, DOGE, and BNB.
Analysis of AVAX and XRP Coin
Recently, XRP Coin surpassed $0.66 due to Bitwise’s ETF application, but the SEC's appeal reversed the upward trend. It currently hovers around $0.50, and investors await further developments anxiously.
AVAX has retraced from $30.9 and finds support at $26.98, but struggles to maintain support at $31.63 despite recent gains.
Insights on DOGE and BNB Coin
DOGE price dropped to $0.1 after losing support at $0.105. If BTC continues to rise, $0.132 may be retested.
BNB's optimism was overshadowed by overall market sentiment, leading to prices falling below the crucial $595 level.
In the face of significant market volatility, most altcoins are experiencing price fluctuations. Investors hope that upcoming Fed decisions and inflation data will provide clearer market insights.