The crypto market is once again discussing forecasts for altcoins POPCAT and CRV in light of the expected PCE report and the impact of tariffs on the economy.
Economic Situation and Impact on Cryptocurrencies
Thursdays are traditionally seen as favorable for cryptocurrencies, but the upcoming Personal Consumption Expenditures report is dampening optimism. Data is expected to reveal a higher figure compared to last month, and investors are concerned about the possibility of exceeding expectations. Members of the Federal Reserve are awaiting a scenario where tariff impacts do not place significant pressure on inflation before considering interest rate cuts.
Forecasts for POPCAT
Analyst Altcoin Sherpa expressed that most altcoins continue to show a downtrend. According to his assessments, POPCAT may either consolidate at recent low levels or continue to decline. "The situation isn’t very promising for many". If POPCAT fails to maintain support at $0.2305, it could decline to $0.11, whereas an optimistic scenario suggests a rise to $0.5.
Forecasts for CRV
Waleed Ahmed also issued a warning regarding CRV Coin, stating his readiness to make significant purchases at $0.312 if a dip occurs. This highlights the volatility and uncertainty surrounding this cryptocurrency.
Thus, predictions for cryptocurrencies POPCAT and CRV remain uncertain in light of upcoming economic events that could significantly impact the market.
