Shiba Inu SHIB Price Targets after the FOMC meeting this week

1 mag 2023

The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.

SHIB/USDT shot
Entry Range: $0.00000950 - 0.00001050
Price Target 1: $0.00000900
Price Target 2: $0.00000810
Price Target 3: $0.00000720
Stop Loss: $0.00001250