BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT By Cointelegraph

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Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT

The U.S. equity markets opened on a tentative note on May 2 but a minor positive is that the crypto markets led by (BTC) are holding above their immediate support levels. The price action over the next few days will be dictated by the outcome of the Federal Open Markets Committee (FOMC) on May 4.

If the Fed springs a negative surprise, the markets could react with a knee-jerk reaction to the downside. On the other hand, if the policy meets market expectations, the equity and crypto markets could attempt a recovery.

Daily cryptocurrency market performance. Source: Coin360
BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
SOL/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
LUNA/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
DOGE/USDT daily chart. Source: TradingView
AVAX/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView