The trade tension between Japan and the US is heating up, and it might be time for crypto traders to brace for impact. Japanese Prime Minister Shigeru Ishiba has pushed back against US demands, signaling that a deal may be slipping away. Meanwhile, Fox Business reporter Charles Gasparino noted that while there's some progress, a finalized deal is far from certain (source).
With gold prices hitting a historic high of $3,400 and the US dollar index sliding to its lowest point in over three years, investors are flocking to safer assets. This sudden market shift could spell trouble for altcoins.
Crypto Sell-Off Incoming? 4 Altcoins to Exit Before the Storm
Here are four altcoins flashing warning signs and worth considering for a strategic exit:
1. Pi Network (PI): Bubble About to Burst?
Pi Network is struggling to hold support. With more PI tokens being unlocked and technical charts pointing downward, the coin is teetering at the edge. The next stop? Possibly $0.47 or even lower.
2. Polygon (POL): Losing Its Shine
Polygon is nearing a critical resistance zone, and whale activity is drying up. According to analyst Andrew Griffiths, this could signal a steep correction ahead. Now might be a smart time to lock in gains or cut losses.
3. Official Trump (TRUMP): Meme Coin Meltdown?
The hype around the TRUMP meme coin is fading. Negative funding rates on Coinglass suggest that short-sellers are targeting the token. The fun might be over — and the decline could be just beginning.
4. Mantra (OM): Confidence Crisis Continues
Despite attempts to recover through token burns, OM hasn’t regained momentum. Investor confidence remains shaky, and with no strong support on the charts, a deeper slide could be next.
Time to Play Defense: Prepare Your Portfolio
The shaky US-Japan tariff talks have sparked a new wave of market uncertainty. With traditional safe havens like gold surging, altcoins with weak fundamentals or technical signals may be the first to fall.
Bottom line? Now might be the perfect time to reassess, rebalance, and offload risky altcoins before a potential market downturn.
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