The crypto world was shocked today when President Trump announced 100% tariffs on all Chinese imports effective November 1. No one expected the magnitude of this astonishing event. Global markets immediately retreated, with the S&P 500 falling more than 2%, its sharpest decline 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.
While altcoins went into freefall, I explored buy zones, coins that combine strong fundamentals with fierce volatility. I’ll dive into three highlights: BNB Coin, Zcash, and Solana. Here’s how each of them responds to the turmoil and what makes them prime candidates for a strategic rebound play.
BNB Coin Price Analysis
BNB Coin’s price has fallen following the broader sell-off, down nearly 10% in one day and more than 1.9% in the past week. The price fell from a high of $1,336 in just four days back to a low of $962 today, before recovering slightly to around $1,131. Volume rose more than 81%, indicating intense activity as both panic sellers and dip buyers poured in.
Despite the sharp decline, BNB’s liquidity and blue chip status ensure it remains resilient. As markets digest the news, BNB’s ability to raise capital should put it at the forefront of any eventual recovery. That said, I expect it to make its way back to $1226.18 before volumes climb to $1462.36. However, a dip 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 crisis that hit the rest of the altcoin space, reaching a 24-hour test high around $285. Volume has risen sharply, driven by an increase in the number of traders seeking privacy or simply emerging as outperformers.
ZEC’s breakout in a turbulent market signals strong underlying demand, possibly as a “safe haven” hypothesis or a short-covering rally. Either way, momentum is off the charts, making ZEC an attractive candidate for a potential swing high to $330.61. On the contrary, it could correct to $184.57.
Solana price analysis
Solana is among the worst affected countries, with a drop of more than 16% in one day and almost 20% during the week. The SOL price fell to $174 before recovering modestly to the $183 zone, but the market cap still fell by almost 17%. Volume has exploded and more than doubled as foreclosures and value seekers collide.
Sentiment is shaky, but historical precedent shows that high-beta names like SOL often rebound sharply once capitulation events exhaust sellers. If Solana remains above the key support, it could make its way towards USD 230 after clearing its resistances at USD 200 and USD 211.78. On the other hand, the price could fall to $169.06.
Frequently asked questions
President Trump’s announcement of 100% China tariffs shocked global markets and sparked panic selling.
Big drops and volume spikes can provide strategic buying zones, but volatility remains high.
Zcash bucked the trend and rose more than 100% in a week amid a broad market crash.
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