The recent week reveals atypical behavior in the crypto market as investors brace for the upcoming US Personal Consumption Expenditures (PCE) data, creating uncertainty around altcoins like POPCAT and CRV.
POPCAT at a Critical Level
Crypto analyst Altcoin Sherpa offers a cautious forecast for the POPCAT token despite its popularity. He highlights that most altcoins, including POPCAT, continue their downward trends. The token faces two possible paths: either it consolidates at current lows and holds steady in the coming weeks, or it continues to decline. If POPCAT fails to hold the $0.2305 support, a sharp decline toward $0.11 could follow. However, a positive shift in macroeconomic sentiment—particularly around tariff negotiations—could catalyze a rise toward $0.50.
CRV Draws Buying Interest at Support
Curve DAO’s CRV token is also showing signs of vulnerability. Analyst Waleed Ahmed notes that a dip toward $0.312 would be viewed as a prime accumulation zone. He has expressed readiness to buy heavily at that level, suggesting confidence in CRV’s long-term structure despite current market uncertainty.
Focus on Inflation and Macroeconomic Factors
Investors are closely watching the outcome of ongoing tariff discussions, which could impact inflation by 2–3 percentage points. A base tariff level of 10% is seen as manageable, but unresolved negotiations with the EU and other trade partners could lead to rates as high as 50%, significantly stoking inflation. This macro backdrop influences the Federal Reserve's stance, which has stated that rate cuts are off the table unless tariffs exert meaningful inflationary pressure.
Current economic conditions and expectations from key speeches and data releases could significantly impact the market. Investors remain vigilant, hoping for favorable changes that could support altcoins like POPCAT and CRV.
