In July, Direction for Cryptocurrencies Will Be Determined by Tariffs: Expectations for SOL, XRP, LINK, and AVAX
While the search for direction in the cryptocurrency markets continues, investors' eyes are turned to the economic data to be announced in July and developments regarding trade tariffs. Especially the inflation data to be published before the completion of the tariff negotiations expected on July 9 and the Fed meeting on July 15 could be a new direction setter in the markets.
As we enter the second half of the year, analysts' expectations are shaped around two main scenarios:
The conclusion of tariff negotiations may reduce pressure on the Fed, triggering interest rate cuts and potentially initiating an upward rally in cryptocurrencies.
The continuation of tariff uncertainties may increase selling pressure and cause fluctuations in the market.
As tariff negotiations between the US and the European Union reach a critical stage, it is anticipated that agreements with India, Japan, and South Korea are nearing completion. If these developments stabilize international trade without creating inflationary pressure, it is thought that the Fed may pursue a more comfortable path for interest rate cuts.
🔍 Altcoin Outlooks: SOL, XRP, LINK, and AVAX
Solana (SOL)
SOL is struggling to break the $158 threshold after a recovery from $142. If it maintains above this level, targets of $188 and $203 can be aimed for July. It is also possible to advance to the $222 - $247 region with a strong buying wave.
In a negative scenario, breaking levels of $142 and $137 raises the risk of a pullback to levels of $126 and $110.
XRP (Ripple)
On the Ripple side, it is expected that the SEC will take a similar step as the abandonment of the appeal process. This situation could lead to the end of the lawsuit and the lifting of longstanding pressure on XRP. If XRP breaks above levels of $2.48 and $2.55, short-term targets may be $2.79 and $2.95.
In the opposite case, the level of $1.98 is being watched as a critical support point.
Chainlink (LINK)
LINK has recovered from $11 but continues to face difficulties in closing above $13.75. If this level is clearly broken, the rise may push towards the range of $15.30 – $17.35, followed by a move towards $19.5.
Avalanche (AVAX)
AVAX, which tried to test $22.5 in June but faced strong selling, may target this level again in July in a more positive market environment. In the continuation of the rise, $26.93 emerges as a possible peak target.
In a bearish scenario, levels of 17.5 and 15.85 dollars are considered support.
📅 July: A Critical Period for the Remainder of the Year
The month of July will be decisive not only for the cryptocurrency markets but also for the global economic outlook.
July 9 – The completion of tariff negotiations is expected.
July 15 – Inflation data to be announced before the Fed meeting will guide the direction.
Beforehand – US employment data (ADP and JOLTS) will be announced. Negative data may increase expectations for interest rate cuts.
Investors should keep their strategies flexible by closely monitoring both technical levels and macro developments during this period. July could be the starting point for a new trend in the cryptocurrency markets.
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