Due to the rise in geopolitical risks and the tightening of USD liquidity, overall market risk appetite is under pressure, resulting in increased short-term volatility. Following Bitcoin's breakout above the key $75,000 resistance, sentiment in the altcoin market (including RECALL) has recovered. Technical indicators show that RECALL is forming a strong rebound pattern, with upper resistance at the $0.053–$0.058 range and lower support at $0.045–$0.047. Strategically, investors are advised to closely monitor Bitcoin's performance at key levels and macro events, consider buying on dips in the short term, dynamically manage positions, and strictly guard against extreme market shocks.

Recently, heightened tensions in the Gulf region have driven up oil prices, pushed the US dollar index higher, and pressured US stock index futures, all of which have put market risk appetite under pressure. As a result, investor sentiment toward high-β assets has turned cautious. Under these circumstances, liquidity may flow toward the USD side, somewhat weighing on crypto assets. Combined with RECALL's recent rebound, short-term sentiment could come under wait-and-see pressure.

Due to Trump's order to blockade the Strait of Hormuz, oil prices surged, US stock futures fell, and the dollar strengthened. This escalation followed failed US-Iran talks in Pakistan, disappointing investors. Elias Haddad from Brown Brothers Harriman noted this will likely reignite risk aversion this week. Investors are also focused on the upcoming Q1 earnings season, seeking corporate leaders' views on rising risks.

Earnings season intertwined with geopolitical crises, market risk aversion reignites.

As Bitcoin breaks above its four-week high and approaches the key $75,000 level, the negative gamma effect in derivatives is expected to diminish, potentially unleashing overall market volatility. Risk appetite for crypto assets as a whole may improve, and bullish sentiment from Bitcoin could spill over to Ethereum and other altcoins, creating a chemical reaction that boosts short-term market vitality for altcoins like RECALL.

From a technical perspective, after bottoming out near $0.0359 at the end of March, RECALL has posted an approximate 50% rebound, reaching as high as $0.0584 as of April 17. The rebound was accompanied by a significant increase in trading volume, short-term moving averages have arranged in a bullish alignment, the MACD histogram has turned positive from negative, and RSI has recovered above neutral levels, all indicating rapidly strengthening bullish momentum. In the short term, resistance is at the $0.053–$0.058 range, with pullback support around $0.045–$0.047.

In summary, if geopolitical tensions remain high, they may continue to suppress short-term performance of risk assets. However, if Bitcoin successfully breaks above the $75,000 threshold and holds above it, overall market risk appetite may be further unleashed, offering follow-up opportunities for altcoins like RECALL. Investors are advised to closely watch Bitcoin's movements at key levels and macro changes. In the short term, consider opportunistically buying on pullbacks, focus on oscillating upward opportunities, and prudently manage positions to cope with sudden volatility.

Recall

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Live chart for Recall to USD conversion. Check out RECALL to USD prices in real time. Convert, buy, sell, and trade Recall on Bybit-eu.

Recall Price: RECALL Live Price Today | RECALL Market Cap & Chart Analysis | Bybit-eu

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RECALL price today is 0.05, with a live price change of 3.30 in the last 24 hours. Convert, buy, sell and trade RECALL on Bybit-eu.

Track Recall live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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