The crypto market trades in the green today, April 21, with Bitcoin price clinching a three-week high above $87,000, pulling top altcoins up. However, despite the gains, macroeconomic fears still linger due to the ongoing US tariffs, with Japan’s recent refusal to concede on all US demands sparking marking anxiety. Traders are now looking for altcoins to sell to minimize the likelihood of making losses if any deal between the US and Japan on tariffs falls through
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Japan-US Deal on Tariffs At A Crossroads – Time to Sell Altcoins?
The deal between Japan and the US on tariffs may be on the verge of hitting a dead end, causing investors to look for altcoins to sell. Japan’s Prime Minister Shigeru Ishiba has stated that the country will not keep conceding to US tariffs to US demands on tariffs, suggesting that the negotiations might hit a dead end
At the same time, Fox Business reporter Charles Gasparino has stated that while there was “progress” in the ongoing trade deal talks with Japan, this tariff deal was not imminent, suggesting a slight chance that the talks may fail
Additionally, the level of market uncertainty has seen the price of gold surge past $3,400 for the first time in history. Meanwhile, the US dollar index has fallen to 98, its lowest level in over three years. These macroeconomic headwinds make it a perfect time for traders to sell altcoins and book profits before the downtrend progresses
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4 Altcoins to Sell Now
The four altcoins that investors should consider to sell now and Pi Network (PI), Mantra (OM), Polygon (POL), and Official Trump (TRUMP). These altcoins have stood out because of their bearish technical outlook and the lack of strong fundamentals
Pi Network (PI)
Pi Network is one of the top altcoins to sell because of its bearish technical outlook as well as a lack of strong catalysts to support a recovery. At the same time, the ongoing PI token unlocks suggest that this altcoin might be on the verge of a downtrend despite attempts by the team to buy back the unlocked coins
The hourly chart shows that the Pi Network price has stumbled and fallen to the lower Bollinger band. This signals that Pi Coin might fall to the 1.618 Fibonacci level of $0.47, which might put the altcoin on the path to reaching all-time lows
The other top altcoin to sell is Polygon (POL). Analyst Andrew Griffiths has shared a bearish Polygon price prediction, suggesting that this altcoin might plunge significantly. In his analysis, Griffiths noted that POL price was approaching a key resistance level near the 200-day EMA
This analyst further noted that whale activity linked to Polygon was dropping, which further suggests that the altcoin might decline in price. Considering these bearish factors, Polygon is one of the top altcoins to sell now to avoid losses
Polygon Price Chart### Official Trump (TRUMP)
The other altcoin to sell is TRUMP, which is one of the meme coins associated with the US President. Data from Coinglass shows that TRUMP funding rates have flipped negative, which is an indication that short sellers are opening bets that this meme coin will record a massive decline. This is a bearish outlook for the TRUMP meme coin, which is why traders might decide to sell now to avoid losses
Most crypto traders have been looking to sell the Mantra altcoin after the recent crash in this token tainted investor confidence. Despite efforts by the team to return this confidence through initiatives such as burning the tokens held by the team, this altcoin continues to plunge. If there is no fresh support from buyers to support a recovery, the altcoin is facing a bearish Mantra price prediction, making now an ideal time to sell
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Summary of Top Altcoins to Sell
The crypto market is on the verge of volatility amid reports that the tariff deal between the US and Japan is on shaky grounds, with the latter saying it will not concede to all demands. Due to the ongoing uncertainty, crypto traders are looking for the top altcoins to sell to avoid making losses if the market conditions flip bearish again.
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Frequently Asked Questions (FAQs)
What are the top altcoins to sell amid the ongoing US tariff war?
The top altcoins to sell during the ongoing tariff war include Pi Network, Polygon, Mantra and TRUMP. These altcoins have a bearish outlook and weak fundamentals.
Can Pi Network price recover?
Pi Network price can only recover if there is a surge in demand. However, the ongoing token unlocks suggest recovery might not happen soon.
Are whales selling Pi Coin?
On-Chain data suggests that whales might be selling Pi Coin after it approached resistance at the 200-day MA. Being rejected at this resistance might trigger a downtrend.
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4 Altcoins to Sell As Japan Refuses to Concede to US Tariff Demands
The crypto market trades in the green today, April 21, with Bitcoin price clinching a three-week high above $87,000, pulling top altcoins up. However, despite the gains, macroeconomic fears still linger due to the ongoing US tariffs, with Japan’s recent refusal to concede on all US demands sparking marking anxiety. Traders are now looking for altcoins to sell to minimize the likelihood of making losses if any deal between the US and Japan on tariffs falls through
Advertisement
Advertisement
Japan-US Deal on Tariffs At A Crossroads – Time to Sell Altcoins?
The deal between Japan and the US on tariffs may be on the verge of hitting a dead end, causing investors to look for altcoins to sell. Japan’s Prime Minister Shigeru Ishiba has stated that the country will not keep conceding to US tariffs to US demands on tariffs, suggesting that the negotiations might hit a dead end
At the same time, Fox Business reporter Charles Gasparino has stated that while there was “progress” in the ongoing trade deal talks with Japan, this tariff deal was not imminent, suggesting a slight chance that the talks may fail
Additionally, the level of market uncertainty has seen the price of gold surge past $3,400 for the first time in history. Meanwhile, the US dollar index has fallen to 98, its lowest level in over three years. These macroeconomic headwinds make it a perfect time for traders to sell altcoins and book profits before the downtrend progresses
Advertisement Advertisement
4 Altcoins to Sell Now
The four altcoins that investors should consider to sell now and Pi Network (PI), Mantra (OM), Polygon (POL), and Official Trump (TRUMP). These altcoins have stood out because of their bearish technical outlook and the lack of strong fundamentals
Pi Network (PI)
Pi Network is one of the top altcoins to sell because of its bearish technical outlook as well as a lack of strong catalysts to support a recovery. At the same time, the ongoing PI token unlocks suggest that this altcoin might be on the verge of a downtrend despite attempts by the team to buy back the unlocked coins
The hourly chart shows that the Pi Network price has stumbled and fallen to the lower Bollinger band. This signals that Pi Coin might fall to the 1.618 Fibonacci level of $0.47, which might put the altcoin on the path to reaching all-time lows
PI/USDT: 1-Hour Chart### Polygon (POL)
The other top altcoin to sell is Polygon (POL). Analyst Andrew Griffiths has shared a bearish Polygon price prediction, suggesting that this altcoin might plunge significantly. In his analysis, Griffiths noted that POL price was approaching a key resistance level near the 200-day EMA
This analyst further noted that whale activity linked to Polygon was dropping, which further suggests that the altcoin might decline in price. Considering these bearish factors, Polygon is one of the top altcoins to sell now to avoid losses
Polygon Price Chart### Official Trump (TRUMP)
The other altcoin to sell is TRUMP, which is one of the meme coins associated with the US President. Data from Coinglass shows that TRUMP funding rates have flipped negative, which is an indication that short sellers are opening bets that this meme coin will record a massive decline. This is a bearish outlook for the TRUMP meme coin, which is why traders might decide to sell now to avoid losses
TRUMP Funding Rate### Mantra (OM)
Most crypto traders have been looking to sell the Mantra altcoin after the recent crash in this token tainted investor confidence. Despite efforts by the team to return this confidence through initiatives such as burning the tokens held by the team, this altcoin continues to plunge. If there is no fresh support from buyers to support a recovery, the altcoin is facing a bearish Mantra price prediction, making now an ideal time to sell
Advertisement
Advertisement
Summary of Top Altcoins to Sell
The crypto market is on the verge of volatility amid reports that the tariff deal between the US and Japan is on shaky grounds, with the latter saying it will not concede to all demands. Due to the ongoing uncertainty, crypto traders are looking for the top altcoins to sell to avoid making losses if the market conditions flip bearish again.
Advertisement
Frequently Asked Questions (FAQs)
The top altcoins to sell during the ongoing tariff war include Pi Network, Polygon, Mantra and TRUMP. These altcoins have a bearish outlook and weak fundamentals.
Pi Network price can only recover if there is a surge in demand. However, the ongoing token unlocks suggest recovery might not happen soon.
On-Chain data suggests that whales might be selling Pi Coin after it approached resistance at the 200-day MA. Being rejected at this resistance might trigger a downtrend.
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