{"id":37950,"date":"2025-03-19T11:34:58","date_gmt":"2025-03-19T11:34:58","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/19\/crypto-predictions-ahead-of-fomc-loom-network-tron-eos\/"},"modified":"2025-03-19T11:34:58","modified_gmt":"2025-03-19T11:34:58","slug":"crypto-predictions-ahead-of-fomc-loom-network-tron-eos","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/19\/crypto-predictions-ahead-of-fomc-loom-network-tron-eos\/","title":{"rendered":"Crypto predictions ahead of FOMC: Loom Network, Tron, EOS"},"content":{"rendered":"
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Crypto prices were relatively mixed on Wednesday morning as investors waited for the Federal Reserve interest rate decision. Bitcoin remained above $80,000, while the total market cap of all coins fell to $2.7 trillion. The crypto fear and greed index rose to the fear zone of 21, much higher than the weekly low of 18.<\/p>\n

This article looks at the price predictions for some of the top-performing cryptocurrencies on Wednesday like EOS (EOS), Tron (TRX), and Loom Network (LOOM).<\/p>\n

EOS price prediction<\/h3>\n

The EOS token jumped by over 30% on Wednesday after the developers announced that the network was rebranding to Vaulta. This rebrand will see the network bridge traditional banking with the power of Web3. <\/p>\n

Also, EOS will set up a banking advisory council to advance the finance mission. This council is made up of executives like<\/a> Lawrence Truong (Systemic Trust), Didier Lavallee (Tetra Trust), Alexander Nelson (ATB Finance), and Jonathan Rizzo<\/p>\n

The new EOS will focus on wealth management, consumer payments, portfolio investment, and insurance.<\/p>\n

The daily chart shows that the EOS price bottomed at $0.4295 this month, and then bounced back to $0.6415. It formed a quadruple bottom, a popular bullish reversal sign whose neckline is at $1.5400.<\/p>\n

Technicals suggest that the EOS price will maintain its bullish outlook as long as it is above the quadruple bottom point at $0.4295. However, there is a risk that the token will drop as the rebrand hype ends. A drop below the support at $0.4295 will invalidate the bullish outlook.<\/p>\n

<\/figure>\n

EOS<\/a> chart by TradingView<\/p>\n

Tron (TRX)<\/h3>\n

Tron token bounced back and reached a high of $0.2370 on Wednesday. This rebound happened after Justin Sun hinted that he would launch a wrapped TRX on the Solana ecosystem. <\/p>\n

The daily chart shows that the TRX price bottomed at around $0.2100 level this year. This price was along the 61.8% Fibonacci Retracement level. It has moved to the 100-day moving average and formed a descending triangle pattern, a popular bearish sign,<\/p>\n

On the positive side, Tron has formed a small inverse head and shoulders pattern, while the two lines of the MACD have made a bullish crossover.<\/p>\n

Therefore, the TRX coin price will bounce back, possibly hitting the next key resistance at $0.3200, the 38.2% retracement point. Such a move would be a 35% jump from the current level. <\/p>\n

<\/figure>\n

Tron<\/a> price chart | TradingView<\/p>\n

Lom Network (LOOM)<\/h3>\n

Loom Network price surged to a high of $0.0685 on Tuesday, up by over 87% from its lowest level this year. It then erased most of those gains and was trading at $0.047 on Wednesday.<\/p>\n

Loom token surged even after Bithumb, a popular South Korean exchange, introduced a caution tag<\/a> on it. It designated it as an investment caution item, citing numerous deficiencies on the network. It also noted that the network had transparency issues. <\/p>\n

The daily chart shows that the Loom price bottomed at around the $0.041 support level and then went parabolic after the Bithumb news. It initially jumped above the 100-day moving average and then retreated back to $0.047. Loom Network remains slightly above the key support at $0.041, while the MACD has formed a bullish divergence pattern. <\/p>\n

Loom Network price will likely keep rising as bulls target this week\u2019s high of $0.0686. A drop below this month\u2019s low of $0.036 will point to further downside. <\/p>\n

<\/figure>\n

Other top cryptocurrencies to watch<\/h2>\n

Traders will watch other top coins ahead of the Federal Reserve decision. Some of the top trending tokens to consider are Pi Network, Cosmos, Polkadot, and Sundog.<\/p>\n

The post Crypto predictions ahead of FOMC: Loom Network, Tron, EOS<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto prices were relatively mixed on Wednesday morning as investors waited for the Federal Reserve interest rate decision. Bitcoin remained above $80,000, while the total market cap of all coins fell to $2.7 trillion. The crypto fear and greed index rose to the fear zone of 21, much higher than the weekly low of 18. <\/p>\n","protected":false},"author":1,"featured_media":37951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-37950","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=37950"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/37951"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=37950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=37950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=37950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}