Cryptocurrency investors are preparing for the new week with expectations of significant volatility as April ends. The upcoming Fed interest rate decision could shape the trajectory for this year's interest rates. Initially expecting a 150bp cut, investors are now looking at a 50bp cut, while the Fed itself is targeting a 75bp cut, reflecting the negative sentiment that has been present in recent weeks. What are the current predictions for Chiliz, Shiba Coin, ETHERFI, and ATA Coin?
Chiliz (CHZ)
104 days ago, CHZ Coin price broke through the parallel channel resistance and recently retested this level during a downward trend. To sustain the upward momentum, maintaining closures above the $0.085 breakout level is crucial. However, a potential drop to $0.07 could happen if the key region is lost during a potential oversell. In the short term, for the upward movement to continue, $0.12 must turn into support. Positive developments in the BTC sector next week could lead to testing new highs between $0.138 and $0.16.
Shiba Coin (SHIB)
The $0.0000212 support level is crucial for Shiba Coin as it currently remains stuck between this and the $0.0000282 resistance. The upcoming Shibarium upgrade could serve as a price catalyst for Shiba Coin. However, Wednesday's Fed announcements may pose challenges to market conditions. The price must soon break either the support or resistance levels and move below $0.0000185 or above $0.0000328.
ETHFI Price Prediction
As of now, ETHFI Coin has been the highest gaining altcoin on Binance, priced at $4.33 with daily gains exceeding 30%. A closure above $4.4 could lead to new highs. Despite being a newer altcoin, it seems to have found a local bottom, and a potential rally up to $5.43 could be in the cards.
ATA Coin Price Prediction
Similar to many other cryptocurrencies, ATA Coin is experiencing significant speculative movements with sharp rises and falls. After hitting the $0.3 mark, it faced selling pressure and dropped to the $0.186 support level. Closing above $0.26 could lead to a retest of $0.3, while failing to do so may result in a drop to $0.155 and $0.12.
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