Blockchain
Cryptocurrency Predictions for Chiliz, Shiba Coin, ETHFI, and ATA Coin: What to Expect in the Coming Week
By Angela Torres
April 28, 2024
Cryptocurrency investors are gearing up for a new week as April comes to an end, with significant volatility expected in the market. The upcoming Federal Reserve interest rate decision could shape the interest rate trajectory for the year. At the beginning of the year, there were expectations of a 150 basis point (bp) cut, but now investors are only anticipating a 50 bp cut. Even the Fed itself is targeting a 75-bp cut, indicating the prevailing negativity in recent weeks.
In this climate of uncertainty and fluctuation, it is important for cryptocurrency investors to stay informed about current predictions and trends in various coins. Let's take a closer look at some popular cryptocurrencies: Chiliz (CHZ), Shiba Coin (SHIB), ETHFI, and ATA Coin, and their price predictions:
Chiliz (CHZ): The CHZ coin has seen significant growth recently, surpassing parallel channel resistance over 104 days ago. It is crucial for the price to maintain closures above $0.085 to continue its rise. However, if this key level is lost during potential overselling, we could see a drop to $0.07. In the short term, for further gains, we need to see $0.12 become supported; positive developments on Bitcoin could lead to new highs between $0.138 and $0.
Shiba Coin (SHIB): The SHIB coin currently faces resistance at $0.0000282 while holding onto support at $0..0000212. The upcoming Shibarium upgrade on Thursday could provide momentum for Shiba Coin's price movement; however, Wednesday's Fed announcements will also be influential on market sentiment.
ETHFI: The ETHFI coin has been one of Binance's highest-gaining altcoins recently, with daily gains exceeding 30%. Currently priced at $4., it may reach new highs if it can close above $4.40.
ATA Coin: ATA Coin has experienced sharp rises followed by sharp falls like many other cryptocurrencies lately. After touching the $3 mark earlier this month, strong selling pressure pushed it down towards support levels around $.0186. If ATA Coin manages to close above $.026, it might retest $.03.
It is important to note that investing in cryptocurrencies carries high volatility and risk; therefore, investors should conduct thorough research before making any decisions based on information provided here or elsewhere online.
In conclusion, as April draws near its end, cryptocurrency markets are likely to experience increased volatility, which means keeping abreast of the of the latest news updates from trusted sources would be a wise move to protect your investments from losses due to sudden changes in prices and the value of these digital assets.
LATEST ARTICLES IN Blockchain
Crypto Bridges' Security Flaws Pose Major Financial Risks.
DeFi Industry's TVL Hits $100 Billion in Q1 2024 Amid Rapid Growth.
US Inflation Impact on Bitcoin: CEOs Lose Faith in FED!.
Insiders Buying Socket Mobile, 3 Other Stocks Below $3.
Join Our Newsletter
Popular Articles
-
Mar 13, 2024
Anyone But You - A Romantic Comedy Surprise of 2023 -
Feb 01, 2024
AI Company About to Revolutionize the Medical Space? -
Mar 20, 2024
COVID-19 Survivors at Risk for Autoimmune Diseases -
Jan 27, 2024
Get Rich in a Year with These 3 Coins!