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The crypto world was shocked today when President Trump announced 100% tariffs on all Chinese imports, effective November 1. No one anticipated the magnitude of this jaw-dropper. The global markets recoiled instantly, with the S&P 500 tanking over 2% in its sharpest drop since April. In the wake of this chaos, nearly $1 trillion was erased from the crypto market cap. And more than $20 billion in liquidations left traders stunned.
As altcoins entered freefall, I explore buy zones, coins that combine strong fundamentals with fierce volatility. I’m diving into three standouts: BNB Coin, Zcash, and Solana. Here’s how each is reacting to the turmoil and what makes them prime candidates for a strategic rebound play.
BNB Coin Price Analysis
BNB Coin price has plummeted due to the broader selloff, down nearly 10% in a day and over 1.9% in the last week. The price tumbled from highs of $1,336 just four days back to a low of $962 today before rebounding slightly to around $1,131. Volume surged over 81%, signaling intense activity as both panic sellers and dip buyers piled in.
Despite the sharp drop, BNB’s liquidity and blue-chip status ensure it remains resilient. As markets digest the news, BNB’s ability to attract capital should position it at the forefront of any eventual recovery. That being said, I expect it to make its way back to $1226.18 before gathering the volumes to $1462.36. However, a plunge to $1083.24 could be on the cards.
ZEC Price Analysis
ZCash stunned the market by going vertical, up 14% in 24 hours and more than doubling in a week. At $267, ZEC price shrugged off the meltdown that struck the rest of the altcoin space, with its 24-hour range testing highs near $285. Volume is up sharply, driven by a surge in traders seeking privacy or simply rotating into outperformers.
ZEC’s breakout in a turbulent market hints at strong underlying demand, possibly as a “safe-haven” hypothesis or short-covering rally. Either way, momentum is off the charts, making ZEC a compelling candidate for a potential swing high to $330.61. Contrarily, it could be corrected to $184.57.
Solana Price Analysis
Solana has been among the hardest hit, down over 16% in a single day and nearly 20% for the week. SOL price cratered to $174 before modestly recovering to the $183 zone, but its market cap still slid nearly 17%. Volume has exploded, more than doubling as forced liquidations and value seekers collide.
The sentiment is shaky, but historical precedent shows that high-beta names like SOL often recover sharply once capitulation events exhaust sellers. If Solana holds above key support, it could carve its path to $230, after clearing its resistances at $200 and $211.78. In contrast, it could plummet to $169.06.
FAQs
President Trump’s 100% China tariff announcement shocked global markets, sparking panic selling.
Large drops and volume spikes can offer strategic buy zones, but volatility remains high.
Zcash bucked the trend, surging over 100% within a week amid a broad market crash.
