Stocks fell on October 15 as the dollar fell, and we saw a decline again as we moved into the daily close for cryptocurrencies. Trump said after the US markets closed that they were in a trade war with China, and this is not good for cryptocurrencies. What about analysts with SUI? XRP Coin What are the expectations for?
Latest Situation in Cryptocurrencies
Optimism about last-quarter company earnings has been supporting stocks, but cryptocurrencies have disrupted the positive correlation in the process. Stock markets, which have not experienced such a strong 6 months since 1950, have entered what analysts call a “healthy reset”. They define this as an environment suitable for short-term profit taking without significantly disrupting the rise.
There are two important factors in the stock market. Optimism about earnings reports and pessimism about trade war announcements. Although it is the latter that puts pressure on cryptocurrencies, the scales are constantly moving in stocks and earnings report expectations dominate.
Morgan Stanley and Bank of America Earnings reports of financial giants such as Fueled Optimism. Treasury Secretary Scott Bessent announced hours ago that they could suspend customs duties if export restrictions on rare earth elements are postponed, but there was no response from Xi.
Those who follow the process may wonder, “Didn’t the USA and China agree on the supply of rare earth elements months ago?” he asks. This is a very valid question, and the problem is exactly here. China attempted such a thing last week that it acted as if those negotiations and agreements had never happened, which is why Trump went crazy. In summary, the US-China needs to hold a new negotiation summit and push the markets up with the new agreement they will announce there. We experienced the same thing twice this year. This is the third time and if it turns out the same way again, even current prices may be attractive for cryptocurrencies.
SUI and XRP Coin
Lark Davis SUI Coin There was an ascending triangle that he was watching for. It broke downwards in this sudden collapse. As with many altcoins, the previous support level is now acting as resistance. In the first chapter, he explained the basic rationale for this. If the triangle support that has turned into resistance is rejected again, the analyst argues that this will bring about a deeper decline.
The target he mentioned is $1 levels, and if SUI Coin starts to close daily in this region, more investors may turn to selling to reduce their losses.
Ali Martinez has been XRP Coin It was pointing at $3.6 for . However, he was disappointed. The analyst who shared the chart above wrote that it could return to $2 due to the loss of the key zone.
