Bitcoin and Altcoins Poised to Soar as Trade Tensions Escalate and New Tariffs Loom

As trade tensions escalate and new tariffs loom, the dollar's stability faces fresh challenges. In this shifting landscape, digital currencies may find new opportunities to soar. Bitcoin and five notable altcoins stand poised to benefit from these economic changes. Uncover how these cryptocurrencies could become the unexpected winners amid policy shifts affecting global markets.

As trade tensions escalate and new tariffs loom, the dollar’s stability faces fresh challenges. In this shifting landscape, digital currencies may find new opportunities to soar. Bitcoin and five notable altcoins stand poised to benefit from these economic changes. Uncover how these cryptocurrencies could become the unexpected winners amid policy shifts affecting global markets.

Bitcoin (BTC) has experienced a decline in value over the past week and month. The price dropped by 8.11% in the last week and slipped by 3.64% over the past month. Despite these short-term decreases, Bitcoin has surged by 67.93% over the past six months, highlighting its significant growth in the longer term.

Technical indicators suggest that Bitcoin may be approaching a potential rebound. The Relative Strength Index (RSI) stands at 34.61, nearing the oversold territory, which can signal an upcoming upward correction. The current price range is between $94,057 and $104,019, sitting below the 100-day Simple Moving Average of $101,918. This positioning indicates a bearish short-term trend but leaves room for an upswing.

Bitcoin’s nearest support level is at $90,232, with a second support at $80,270. Holding above these levels could prevent further declines. On the upside, the nearest resistance level is $110,157. Breaking through this point could lead to the next resistance at $120,119. Reaching these resistance levels would represent potential gains of around 17% and 28% from the lower end of the current price range. With these factors in play, Bitcoin may find a foothold for growth in the near future.

Solana (SOL) has seen significant price fluctuations lately. In the past week, its price fell by 17.79%. Over the last month, it decreased by 9.45%. Despite these declines, SOL’s price has risen by 36.56% over the past six months. Currently, the price ranges between $182.37 and $234.56, showing notable volatility.

The recent downward trend suggests the price might continue to drop. The Relative Strength Index (RSI) is at 44.35, below the neutral 50 mark, indicating potential bearish momentum. The Moving Average Convergence Divergence (MACD) level is -5.3271, hinting at a bearish outlook. However, the Stochastic oscillator is at 62.45, above 50, which could signal some positive momentum ahead.

If the price declines further, it may reach the nearest support level at $161.36. A move to the second support at $109.17 would be a substantial drop. On the upside, if SOL gains strength, it could target the nearest resistance at $265.74, an increase of about 45% from the current lower range. Reaching the second resistance at $317.93 would represent a rise of approximately 73%.

Cardano (ADA) has experienced notable price shifts lately. In the past week, its price dropped by 27.31%, and over the last month, it decreased by 36.46%. Despite these declines, ADA has seen significant growth over the past six months, with its price increasing by 108.43%. Currently, the price ranges between $0.71 and $0.95, indicating ongoing volatility in the market.

Technical indicators suggest that ADA might be nearing a pivotal point. The Relative Strength Index (RSI) is at 35.95, approaching the oversold territory, which could signal a potential rebound. The 10-day Simple Moving Average (SMA) is $0.70, while the 100-day SMA is $0.90, showing that the short-term average is below the long-term average.

If ADA’s price moves upward, it may challenge the nearest resistance level at $1.09. Breaking through this could lead to testing the second resistance level at $1.32, representing an increase of around 46% from the current high end of the price range. On the downside, if the price falls below the nearest support level at $0.61, it might drop to the second support at $0.37, which would be a decrease of approximately 48%. Traders are closely watching these levels to assess ADA’s next potential move.

XRP has experienced a turbulent period recently. Over the past week, its price dropped by 21.70%, and over the past month, it’s down by 3.70%. Despite these short-term declines,