The crypto market anticipates significant volatility as crucial data is set to be released at the end of the week. The cumulative volume on exchanges is below $50 billion, indicating a subdued excitement following an ETF approval. Cryptocurrencies are known for their surprising price movements, and one may be on the horizon.
The PCE data, a key inflation indicator watched by the Fed, will likely set the tone for the upcoming meeting. Despite generally weak volumes, spot demand remains robust, with promising order accumulation at Bitcoin‘s $38,500 support. Increased volatility is expected, with potential for a rise if future market pressure weakens, or a concerning drop if spot demand falls.
CEEK Coin investors should watch certain levels. A break below $0.05598 could dampen bullish hopes and test the support of the parallel channel. A continued fall might reach the $0.04127 support, while a reversal could see the middle of the channel become strong support, aiming for channel resistance.
CHZ Coin’s price is experiencing moderate movement, climbing above $0.1 as investor optimism grows with the approaching sports season ends. A close above $0.11 could lead to a rise towards $0.13112, with potential profit-taking at the $0.142 and $0.17829 regions.
Terraform Labs’ official bankruptcy has significantly impacted LUNA Coin’s price, yet it still attracts speculative traders. Any news could trigger irrational price spikes and liquidations. Price levels below $0.546 could lead to all-time lows, while reclaiming $0.67 could prompt a rise to parallel channel resistance.
