In a dramatic move, Donald Trump has signaled strong opposition to Canada, setting the stage for potential economic fallout this weekend. This gesture is seen as a clear message not just to Canada but also to the European Union, given the current tariff negotiations. Market watchers are eager to see how cryptocurrencies like Solana (SOL), Binance Coin (BNB), Chainlink (LINK), and Avalanche (AVAX) will react in light of these tensions.
What Could Happen to SOL and BNB?
Current geopolitical frictions, reminiscent of last week’s unease with Iran, suggest a bumpy road ahead for the crypto market. Given Trump’s track record of tough rhetoric, further escalations are conceivable as U.S. stocks surge to unprecedented levels. Such events could spell additional disruptions for crypto valuations.
The announcement from Canada and the EU will be pivotal for market direction over the coming days. Solana, having fallen to $126 recently, faces a critical juncture. If market sentiment shifts positively, analysts expect it might surpass $148, climbing further to touch $162 and possibly peaking at $168.
Conversely, negative developments could drag SOL back to the $134-$126 price band. An intense sell-off might push it down to $112.
As for Binance Coin, despite its resilience, a bearish spell could bring its value back to between $627 and $611. If markets turn favorable, however, BNB might aim for $676.
LINK and AVAX: What’s Next?
Link Coin finds its critical point at $12.7. Failing this, it might face a downside test at $11.8. Despite a partnership with Mastercard, LINK hasn’t capitalized on it due to widespread market pessimism. Prices could still aim for $14.5 and $15.3 if optimism resurfaces. However, Trump’s declarations may be empowering bearish trends.
Avalanche has underdelivered this year, failing to get past $18.5. Should market announcements fall flat, a dive towards $16.2 might occur. Bitcoin, however, seems relatively unfazed, maintaining stability at $107,100.
Key takeaways include:
- Solana’s key levels are $148, $162, and potential drop to $112.
- BNB shows resilience, targets $676 if conditions are favorable.
- LINK could explore $14.5 and $15.3 despite market gloom.
- AVAX risks testing $16.2 after unmet growth expectations.
Investors remain on high alert as geopolitical dynamics unfold. The ability of major coins like Bitcoin to remain stable amidst these shocks suggests some resilience, but the evolving situation between Trump, Canada, and the EU will be crucial to future market moves.
