Tariff Talks Drive Crypto Predictions
The crypto market’s recent dynamics are largely influenced by tariff news, temporarily sidelining classic technical and on-chain analyses. With major trade developments possibly on the horizon, expectations are high. There is optimism for U.S.-EU trade announcements, and India’s discussions with the U.S. are nearing completion. A recent conversation between Trump and Xi could signal improved U.S.-China relations.
China is likely to increase imports, with the EU already integrating up to $100 billion worth of U.S. goods. As mid-June approaches, these factors are pivotal for market performance. Volatility is expected to persist, influenced by market sentiment.
If downward pressure prevails, Shiba Coin’s critical support is pegged at $0.00001270. However, a bullish wave could push its price to $0.00001558, and potentially further to $0.0000267.
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