By the end of February, a significant portion of altcoins have turned red, lowering investor optimism that anticipated growth in the first quarter of 2025. Let's look at the latest expert predictions and the impact of legal cases on market trends.
Expert Predictions on Cryptocurrencies
Bitcoin fluctuated between $96,700 and $95,227 over the last 24 hours, currently sitting at $95,700. With trading volumes dropping, altcoin losses are around 2%. Despite ETH's relative strength, it struggles to maintain levels over $2,800. Upcoming PCE data due next week is expected to drive some market activity. Analyst Ali Charts shared a chart for FLOKI, indicating a potential movement to $0.00005. This scenario is likely due to low interest in meme coins and negative tariff impacts.
Focus on XRP and ADA
Coinbase is set to drop its lawsuit against the SEC, which is promising, especially after the Binance case was frozen. Ripple's ongoing lawsuits make it illogical to leave them unresolved. The lawsuit's dismissal could swiftly push XRP prices up. Despite support at $2.4, XRP remains below $2.78 due to overall negative sentiment. ADA Coin struggles with a critical level at $0.83; closing above this may signify a turnaround.
Market Summary and Expectations
The ending first quarter of 2025 has not yet met investors' positive expectations for altcoins. Experts continue to monitor critical levels, but overall market uncertainty remains. The upcoming data release could alter the current dynamics, adding further uncertainty and opportunities for investors.
The altcoin market shows high volatility, puzzling investors. Upcoming events, such as the PCE data release, could significantly impact short-term market dynamics, introducing uncertainty and new opportunities for investors.
