The shock of interest rate cuts is coming, deciphering the future bull market potential of the three major cryptocurrencies
Last night, the Fed's sudden interest rate cut of 50 basis points undoubtedly dropped a heavy bomb in the financial market. Looking back at history, the Fed's first interest rate cut of such a large scale only occurred at key nodes such as the bursting of the Internet bubble, the subprime mortgage crisis and the new crown crisis, all of which were accompanied by major economic challenges. Now, although the US economy has shown signs of slowing down and inflation has also eased, the deep meaning behind this interest rate cut is intriguing: Is it a hidden sign of economic crisis? A subtle operation of political factors? Or a signal of a new round of monetary easing?
FTM: Sonic upgrade helps, the future is promising
Among many cryptocurrencies, FTM (Fantom) stands out with its nearly 50% increase in the past 30 days. This strong performance may be closely related to Fantom's upcoming Sonic upgrade. The current FTM price is stable at $0.65, and the capital flow (CMF) indicator shows that buying power is gradually increasing, indicating that the bull market is still dominant. If this trend continues, FTM is expected to break through the resistance of $0.59 and move further towards $0.80.
OM: Mainnet is about to go online, strong recovery signal
Although OM has experienced a 9.5% correction in the past five days, its price has firmly held the support level of $1.04. This solid defense line may become the starting point of OM's recovery, leading it to attack the historical high of $1.41. The upcoming mainnet is seen as an important catalyst for OM. If market sentiment remains optimistic, the token is expected to break through the current high within October and achieve a gain of more than 33%.
AAVE: DeFi leader, ascending triangle appears
As a leader in the DeFi lending field, AAVE has led many altcoins with a 23% increase in the past 30 days. On the daily chart, AAVE has built an ascending triangle pattern. This bullish signal indicates that despite the short-term bears' attempts to exert pressure, the overall trend is still biased to the upside. Against the backdrop of the Fed's rate cut, if AAVE can maintain trading within the current triangle range, its rebound potential cannot be ignored, and the price is expected to climb further.
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