Altcoins on a Rollercoaster: Trump Tariffs Stir the Crypto Pot!

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Ah, the crypto market. It’s like a toddler on a sugar rush—up, down, sideways, and occasionally doing a cartwheel just to keep things interesting. Friday was no exception, as the market tried to make sense of yesterday’s stock market plunge, which was about as graceful as a hippo on roller skates. Tariffs are the word of the day, and the dust won’t settle for days, weeks, or possibly until the next solar eclipse. Here’s how the top altcoins are faring in this chaotic circus. 🎪

$ETH: The Waiting Game

Bitcoin (BTC) has been doing its best impression of a yo-yo, climbing 1.8% only to dive back into the red faster than you can say “HODL.” Ethereum (ETH), the perennial runner-up, isn’t exactly stealing the show. It’s sitting there, twiddling its digital thumbs, waiting for the market to decide if the current breakdown below resistance and the bull market trendline is the real deal. Spoiler alert: we’ll know by the end of the week. 🕰️

There’s some strong horizontal support at $1,560, but let’s be honest, that’s like saying a parachute is strong—until it’s not. With the bull market either dead or on life support, ETH is in a precarious spot. The bulls are crossing their hooves for US rate cuts to save the day, because apparently, tariffs are the new boogeyman. 🐂

$XRP: The Cliffhanger

If you ignore Tether (because, let’s face it, it’s the crypto equivalent of a participation trophy), $XRP is the third-biggest cryptocurrency by market cap. After its meteoric rise to over $3 in late 2024 and early 2025, it’s now rolling over like a dog in a field of daisies. It’s been bouncing off the $1.96 support level, but if that breaks, it’s a long way down to $1.57, $1.30, and $0.95. Think of it as a cliff with no safety net. 🏞️

$BNB: The Tightrope Walker

Even with one of the best charts among the top altcoins, $BNB is walking a tightrope. It’s currently hovering near the $584 support level, but if it falls through, it’s a straight shot down to $506. That’s the last line of defense before it takes a swan dive off its own cliff edge. 🪂

The Stochastic RSI at the bottom of the chart is looking like it’s about to roll over, which is never a good sign. Holding the current levels is crucial unless you enjoy watching your investments plummet like a lead balloon. 🎈

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2025-04-04 14:40