Cryptocurrencies Face Uncertainty as Tariffs and Economic Data Loom
This week, cryptocurrencies may experience volatility due to President Donald Trump’s tariffs and the release of U.S. nonfarm payroll data. The market started off slow, with most coins in a bearish trend. Bitcoin (BTC) recently dipped to $82,432.00.
The crypto fear and greed index is now at 25, indicating fear. Key cryptos to watch include Solana, Polkadot, and Cronos.
Solana (SOL): Solana’s price is hovering above $119.5,a critical support level.If it drops below this, it could signal a bearish trend, perhaps falling to $100. A death cross pattern formed on March 3, adding to the bearish outlook.
Cronos (CRO): Cronos has shown strong performance, rising 30% in the past week. This growth is partly due to Crypto.com’s partnership with Trump Media for ETFs. The price bounced back after hitting $0.0715, a key support level. A breakout above $0.1197 could led to further gains.
Polkadot (DOT): Polkadot’s price is near a crucial support level of $3.60. If it holds, a bullish breakout could push the price to $12. The falling wedge pattern suggests a strong upward move may occur soon.
