Trump Influences Cryptocurrency Market with Upcoming Events
Release: 2024/07/17 00:09 Reading: 539
Upcoming Trump Events Poised to Impact Cryptocurrency Market
Bitcoin (BTC) remains above $60,000, providing support for altcoins amidst recent declines. The upcoming elections and a speech by former President Trump at month's end are expected to further drive crypto growth. Additionally, Trump's selection of a crypto-friendly Senator as Vice President has generated positive sentiment.
Shiba Coin Analysis
The price of Shiba Coin (SHIB) has risen by 6%, buoyed by the Trump-led surge in crypto. Major events next week include the launch of the ETH ETF. Anticipation of these events, coupled with MTGOX refunds, could lead to a strong fourth quarter.
Shiba Coin Price Prediction
SHIB has rebounded from a dip below the $0.0000128 parallel channel. The immediate target for the rally is the channel support at $0.0000209. A close above $0.0000185 could trigger further gains, with $0.0000262 in sight. Breaching $0.0000294 will signal a significant surge.
PEPE Coin Price Prediction
PEPE Coin could resume its ascent to a new all-time high if it closes consistently above $0.0000111. Currently trading at $0.0000119, PEPE investors may aim for $0.0000134. With favorable BTC conditions, it could potentially reach $0.00001576 and $0.0000172.
Chiliz (CHZ) Analysis
The parallel channel's middle line at $0.07 has been regained, indicating a potential recovery for CHZ. If BTC maintains stability, CHZ could challenge the resistance levels at $0.0848 and $0.0951 by the weekend.
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