3 Altcoins To Watch Ahead Of The October FOMC Meeting
Three altcoins—Chainlink (LINK), Dogecoin (DOGE), and Zcash (ZEC)—are being watched as the market anticipates signals from the upcoming October FOMC meeting.Summary
The crypto market is showing optimism ahead of the October 28-29 FOMC meeting, driven by easing inflation data and hopes for potential rate cuts. Attention is focused on three altcoins that could react strongly to a dovish Fed tone.
Chainlink (LINK) shows mixed signals: a bullish falling wedge pattern conflicts with a hidden bearish divergence on the RSI, though whale accumulation (CMF above zero) suggests buying interest. Support lies at $17.08.
Dogecoin (DOGE) is range-bound between $0.17 and $0.20, awaiting a trigger above $0.21 for a potential 6% rise. Notably, Dogecoin whales have quietly accumulated about $34 million worth of tokens recently.
Zcash (ZEC) has seen a massive rally, up over 540% in the past month, clearing resistance levels toward a $441 target. However, bearish divergences on the RSI and CMF suggest a potential mild pullback toward $314 or $284 before the rally potentially resumes.
(Source：BeInCrypto)