5 Altcoins to Watch Ahead of Fed Rate Cuts
AAVE has seen a 23% increase in price over the past 30 days, making it one of the best performing altcoins of the past month.
On the daily chart, the coin has formed an ascending triangle, which is a bullish chart pattern. Currently, AAVE is priced at $136.
Next on the list of altcoins is Jupiter, the token for an exchange aggregator built on the Solana blockchain. Unlike Aave, JUP’s price has lost some of its value as it trades at $0.71.
Sui has been one of the biggest gainers among the top 100 altcoins over the past 30 days, with a 42.80% increase in price.
$ZRO
ZRO has seen a 16% increase in price over the past 30 days. Historically, the $3.87 level has been a major support area for the coin. If the rate cut comes as expected, ZRO could bounce back from this point. If that happens, the price could climb to $4.20. However, if the coin breaks below the support, a bearish outlook could emerge. In this case, ZRO could drop to $3.69.
$FTM
The price of FTM has increased by nearly 50% in the past 30 days, which could be related to Fantom’s almost completed Sonic upgrade.
