Altcoin
Fed’s Preferred Inflation Gauge PCE Cools To 2.6%, Bitcoin & Altcoins To Rally?
Traders bracing for PCE inflation data triggered positive sentiment in the crypto market as inflation cools in the US. The U.S. Bureau of Economic Analysis reported headline PCE inflation rate slowed to 2.6% from 2.7%, which came in line with market estimates. The annual core PCE inflation also dropped as expected to 2.6% from 2.8%. The monthly PCE and core PCE data also showed cooling inflation.
The CME FedWatch Tool now indicates the probability of a 25 bps rate cut in September. The Fed official Mary Daly said the cooling PCE inflation is good news the preferred inflation gauge shows prices rose at the slowest pace since March 2021 but the Fed is not done yet, giving a hawkish remark.
Wall Street giants such as JPMorgan, Goldman Sachs, and Morgan Stanley anticipate inflation to cool, with the Fed rate cut starting in September. S&P 500, Nasdaq 100, and Dow Jones Industrial Average stock market futures as traders found cues on potential rate cuts this year.
Also Read: Kraken Co-Founder Donates $1M In ETH To Donald Trump
Bitcoin, Crypto Market to Recover From Weakness?
Bitcoin and altcoins such as Ethereum, Solana, XRP, and others saw selloff as a result of options expiry. Traders likely digested PCE inflation data and presidential debate between Donald Trump and Joe Biden.
Rekt Capital revealed that Bitcoin Daily Closed was below the Bull Flag top so it is likely to witness additional consolidation inside the pattern. However, BTC price is “only one Daily Close above the Bull Flag top away from a breakout.”
Popular analyst Michael van de Poppe expects Bitcoin to continue consolidating in the next few days. He believes altcoins will have a higher return than Bitcoin, but didn’t hint at any signs of early altcoin season. BTC price has survived the massive selloff amid a number of positive developments.
However, Bitcoin options data indicate a transition toward recovery amid a rising call open interests, as per Deribit. Despite the large market fluctuations, the IV of Bitcoin has not witnessed a significant increase. The IV of BTC for each major term is below 50%. CoinGlass data also indicate a total increase in options open interest.
Meanwhile, the US dollar index (DXY) is dropping from 106.12 ahead PCE, with the current reading at 105.85. The US 10-year Treasury yield dropped to 4.263% after the PCE inflation slows.
BTC price pares earlier gains and now trading sideways, with the price currently trading at 61,372. The 24-hour low and high are $60,561 and $62,292, respectively. Furthermore, the trading volume has increased by 1% in the last 24 hours.
Also Read: Bitcoin Price To $65k Or $55k After US PCE Data? IMF Asks Fed To Delay Rate Cuts
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the crypto market is experiencing a bullish reversal with its total market cap surging by 3.17% to $2.74 trillion, the Solana price is gearing up for a potential rebound. As traders and investors are looking to capitalize on the token’s volatility, analysts unveil key price levels to watch in short term.
Notably, analysts like Ted predict SOL’s potential uptick to $180 amidst increasing whale activity. In this article, we’ll explore the top Solana price levels to watch in the short term which will help you to stay ahead of the curve and capitalize on market opportunities.
Solana Price To Rebound: Key Price Levels Revealed
As the Solana price hovers below $140, analysts and traders are closely watching market movements. While bears fear of a possible crash to $120, analysts like Ted offers a bullish outlook, predicting SOL’s potential surge to $180 by May 2025.
Presenting historical trends, Ted asserts that the Solana price is poised to reach $160-$180. He notes that Solana’s current patterns mirror those seen in 2022 Q4, suggesting potential similarities in future price movements. In addition, the analyst maintains a bullish outlook for the token, predicting a new all-time high for SOL during the third quarter of this year.
Key Price Levels To Watch
While Solana is poised for a potential rebound, traders are recommended to watch key price levels. Analyst Degen Hardy presents a detailed analysis of SOL’s current market conditions where he is trying to identify a long entry opportunity. As per his conclusions, the ideal scenario will be the Solana price to pull back, which, in turn, will form an inverse head and shoulders pattern.
Significantly, the chart presented by the trader represents key levels to watch. As SOL has surged past the significant support level of $125 and the resistance level of $135, the next target is $178.
As of now, SOL is trading at $139.23, up 2.15%.Over the past week and month, Solana has experienced a surge of 3.25% and 6.6%, respectively. Historical data suggests that Solana price could ultimately reach $256 if it surges past $178. The key levels in between $178 and $256 include $199, $216, and $238.
Moreover, increased whale activity also projects a potential rebound in Solana’s price. Whale Alert revealed that a Binance address moved 374,161 SOL ($52,768,341) to an unknown wallet.
SOL Clears Key Resistance: What’s Next
In his recent X post, TraderAG projected Solana price’s potential target of $170 as it has broken past its key resistance level at $135-$137. Though the analyst expected a retest to the $125 level, SOL broke past the resistance zone, sparking speculations of an uptrend.
According to TraderAG, SOL is capable of reaching $170 and beyond in the near term. CoinGape’s Solana price prediction reveals that SOL is expected to reach a maximum level of $173.44 and a minimum of $140.04 in 2025.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cardano price appears to be inching towards a key breakpoint as it continues to consolidate within a symmetrical triangle pattern visible on its price chart. According to cryptocurrency analyst Ali, this formation could help ADA in a major price movement.
Cardano price predicted to surge 27%
In a recent tweet, Ali suggested that Cardano might be in the early stages of breaking out from this consolidation pattern. The symmetrical triangle visible on the price chart shows converging trendlines that have contained ADA’s price movement since early April 2025.
The symmetrical triangle pattern forming on Cardano’s chart is a period of consolidation where buyers and sellers reach a temporary equilibrium. According to technical analysis principles, symmetrical triangles often serve as continuation patterns, with the breakout direction typically following the prior trend.
#Cardano $ADA is still consolidating within a triangle pattern, setting the stage for a potential 27% price move. pic.twitter.com/AWH84U1FnJ
— Ali (@ali_charts) April 21, 2025
In Cardano’s case, the breakout yields the potential 27% price movement mentioned by Ali. The analyst has pointed out that Cardano might be in the early stages of breaking out from this pattern. The analysis by Ali comes as Cardano bulls secure the most important signal to drive a price rally.
Cardano is currently trading at $0.6424 with a 4.3% increase over the past 24 hours. Despite this short-term gain, ADA remains down nearly 10% over the past 30 days.
ADA sentiment remains neutral
Current market sentiment surrounding Cardano is mixed despite the potentially bullish technical setup. According to data from CoinCodex, the overall sentiment toward ADA is currently classified as “Neutral.” However, the Fear & Greed Index shows a reading of 39 and places it in the “Fear” category.
Looking ahead, CoinCodex projects that Cardano’s price could rise by 18.55% to reach $0.765833 by May 21, 2025. While this forecast falls short of the full 27% move suggested by the triangle pattern analysis, it aligns with the general direction and timeframe for a potential upside breakout.
The platform’s analysis of Cardano’s recent performance shows that ADA recorded 14 green days out of the last 30, which is a 47% positive day ratio. Price volatility over this period also stood 7.31%.
Despite the current “Fear” reading and mixed sentiment indicators, CoinCodex concludes that it’s now a good time to buy Cardano based on their technical indicators. However, the next move by ADA could very well be based on the overall market conditions too.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
With Ripple’s XRP lawsuit settlement finally in place, the crypto community is abuzz with anticipation over a possible XRP ETF launch. Despite the growing frenzy over XRP exchange-traded funds, the world’s largest asset management company, BlackRock, remains silent, sparking significant attention.
Detailing BlackRock’s vision and possible reasons behind its silence, expert All Things XRP shared a series of X posts. Let’s explore the expert’s threads, reading through the key points that shed light on BlackRock’s strategic approach to crypto investments.
Why Is BlackRock Silent on XRP ETF?
In a series of X posts, expert All Things XRP shed light on BlackRock’s strategic moves that steer them away from an XRP ETF. According to the expert, BlackRock’s hesitation to launch an XRP exchange-traded fund is driven by many factors regulatory concerns, market dynamics, and strategic considerations.
BlackRock Focuses on Bitcoin and Ethereum
Notably, the asset manager’s focus on Bitcoin and Ethereum ETFs is one of the main reasons to shy away from XRP. BlackRock is currently riding the wave of success with Bitcoin and Ethereum.
Reportedly, iShares Bitcoin Trust boasts over $30 billion in Assets Under Management (AUM). In addition, BlackRock’s ETH ETF has reached $1 billion in AUM in just two months. In light of this success, the platform is cautious about exploring other altcoins to mitigate potential risks.
Moreover, XRP may not meet BlackRock’s internal thresholds for demand, liquidity, and legal clarity. According to the company’s ETF executives, only Bitcoin and Ethereum currently meet these requirements.
Regulatory Concerns
As noted by the expert, regulatory concerns play a major role in BlackRock’s hesitation to back Ripple. Although both Ripple and the SEC dropped their appeals in the XRP lawsuit, the case is not officially over, with the label of “security” still lingering around. This uncertainty may deter the investment giant from applying for an XRP ETF.
Recently, All Things XRP shared insights on CEO Brad Garlinghouse’s crucial role in Ripple’s growth.
BlackRock’s Strategic Wait-and-See Approach
Interestingly, BlackRock is adopting a cautious approach, waiting for competitors like Grayscale and Franklin Templeton to launch their XRP ETFs. While these platforms will face the possible regulatory hurdles first, it will pave the way for BlackRock’s easy entry into the ETF space. This approach will also allow BlackRock to gauge institutional appetite for XRP products and assess the risk landscape.
Whoever takes the lead, an XRP ETF launch is poised for a significant price surge in the Ripple coin.
In addition, the asset manager’s fake XRP ETF filing in 2023 has further strengthened their cautious stance. Previously, the filing went viral and sparked ambiguity within the crypto market. The investment firm had to publicly deny involvement, potentially damaging their reputation. This incident might have made them cautious about pursuing an XRP ETF, at least for now, as they may want to avoid similar PR issues.
Will BlackRock Launch an XRP ETF?
Additional factors like lack of demand and XRP’s relatively small market share have also contributed to the asset manager’s decision. However, BlackRock is expected to push for an XRP ETF in the future after tackling all the possible hurdles.
BlackRock is known for launching products at the right moment, when the odds are in their favor. The strategic move is expected when XRP meets complete regulatory clarity and market stability. As per All Things XRP, BlackRock is envisioning dominating the market. The expert cited, “But if and when they do, it’ll be to dominate the space — not just participate.”
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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