XRP And Luna Pricing Analysis - 5/4: BTC, ETH, BNB, SOL, ADA, DOGE, AVAX, DOT

XRP And Luna Pricing Analysis – 5/4: BTC, ETH, BNB, SOL, ADA, DOGE, AVAX, DOT

As a result of the Fed’s decision. Traders should take caution while dealing with Bitcoin. And most other cryptocurrencies throughout the next few weeks.
 
Investors around the world are waiting. The May 4 meeting of the Federal Open Market Committee. Because of this uncertainty, it is impossible to predict. How markets would react to a 50 basis point rate hike. And an announcement from the Federal Reserve to begin shrinking its balance sheet in June.
 
One of the world’s wealthiest investors has warned. That the United States is approaching “uncharted territory” because interest rates are rising. While the Financial Conditions Index is tightening. Tudor Jones forewarned investors that stocks and bonds will have a rough time in the future. The current state of financial assets, according to him, is the worst he has ever seen.
Uncertainty appears to be restricting the amount of money. that some cryptocurrency investors are willing to put into it. According To a poll conducted by Coin Shares. Bitcoin (BTC) fund outflows were at their highest level since June of last year, at $132.7 million per week.
 
Is the Bitcoin and altcoin market going to rebound when the Fed event is over? You should keep a watch on these 10 prominent cryptocurrencies’ price charts.

BTC/USDT

BTC USDT

Cryptocurrency Ethereum (ETH) failed in its bid to rise above its 20-day moving average (EMA). The bulls have not given up much ground and are attempting to cross the overhead barrier once more. Is a small positive for investors.
 
If buyers lift the price over the 20-day EMA, the ETH/USDT pair might hit the 50-day simple moving average ($3,069). It is necessary for the bulls to push and sustain the price above. This level signals a shift in the short-term trend. It is possible that the pair may rise to $3,441 in the near future… a new upswing might commence if this level is broken and closes above…
 
The bears’ refusal to relinquish control of the market may be seen if the 20-day EMA is violated. As a result, it’s possible that the high will be milder. If that happens, the pair may drop below $2,450.
 

BNB/USDT

 
Four days later, BNB had breached below the $391 support and was still unable to go below $350. Despite its bears’ best efforts. In the absence of buyers at the lower levels, this is a clear indicator.
 
It appears like the bulls are attempting to break through the $391 barrier. If they succeed, the BNB/USDT pair might surpass the 50-day simple moving average of $412. It is possible that a buyer’s advantage might be implied. If this barrier is broken and the market closes above it. The pair might then hit the 200-day simple moving average ($468).
 
As long as the price doesn’t go below $375, this positive view is safe. This might be the beginning of a fresh wave of selling, which could bring the pair down under $350.

SOL/USDT

 
The bulls have been unable to push Solana (SOL) over its 20-day. moving average ($96) despite finding buy support at $82. This Demonstrates that demand grows in lockstep with a price.
 
If the SOL/USDT pair fails to break above its 20-day EMA, bears are anticipated to attempt to knock the price below $75. The pair’s downward trend is expected to continue as long as support holds. The bears have their sights set on a support level of $66.
 
But, if the price rises over the 20-day EMA, it suggests that the selling pressure may be diminishing. If the pair rises above $111, it might linger in the $75-to-143 range for a little longer.

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