The post Tokens Collapse Amid Macroeconomic Uncertainty appeared on BitcoinEthereumNews.com.

This SOL, Fartcoin, and BNB price analysis assesses why these popular cryptocurrencies have crashed this year and the potential scenarios as the macroeconomic uncertainties continues. Solana price has already crashed from near $300 earlier this year to $100, while Binance Coin is down from $795 in December to $550 today. Fartcoin, a top Solana meme coin, has slumped by 80% from its all-time high.  SOL, Fartcoin, BNB Prices on Edge Amid Macroeconomic Woes The ongoing trade war is the main driver for most assets this week as Wall Street analysts boost their recession odds. JPMorgan has boosted its recession probability to 60%, while Polymarket odds have jumped to 65%. These odds have jumped after the US implemented a 104% tariff on Chinese goods, while China retaliated with a 84% levy.  The only silver lining of this trade war is that the Federal Reserve may be forced to intervene by slashing interest rates and even delivering quantitative easing. Odds of this intervention have continued rising in prediction markets like Polymarket and Kalshi. A Fed put would likely lead to higher crypto market prices. SOL Price Analysis: At Risk of Further Crash The 3D chart shows that the Solana price has lost several important support levels. It moved below the key point at $120, where it struggled to drop several times since last year. The coin also slipped below $111.62, invalidating a small double-bottom pattern that was forming. And most recently, SOL price flipped the ascending trendline that connects the lowest swings since March 2024 into a resistance line.  Solana is about to form a death cross pattern, with the gap between the 200-day and 50-day weighted moving averages narrowing. It also slipped below the 61.8% Fibonacci Retracement level at $118.  Therefore, the most likely Solana price forecast is bearish, with the…

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Filed under: News - @ April 10, 2025 4:26 am