Keep an Eye on These 3 Altcoins Following the Federal Reserve's Interest Rate Adjustment
In this article, we'll be discussing three altcoins worth monitoring in the aftermath of the Fed's policy shift. First on our list is Clearpool (CPOOL), currently trading at $0.155. Despite a 1.2% drop over the past week, CPOOL has managed to maintain a 40% growth over the past three months. Technically, CPOOL has formed an inverted head and shoulders structure, and if it breaks its neckline resistance at $0.181, the price could surge up to $0.240. Momentum indicators for CPOOL are showing a hidden bullish divergence, which often indicates trend continuation. Clearpool is a lending project that focuses on real assets. Despite no specific details available about the individuals or entities behind Clearpool who belong to the mega-holders and whales, large holders have been accumulating the asset. In the past seven days, the top 100 wallets added 25.21 million CPOOL to their holdings. Despite selling pressure from retail, prices did not experience a significant correction, suggesting that buyers still dominate. The on-exchange balance of CPOOL has dropped by 10.8 million, indicating continued accumulation by whales despite selling from retail and smart money. Next, we have Cardano (ADA), currently trading at $0.87, up 3.6% over the past three months. ADA has just completed a cup and handle formation, with the token breaking the upper trendline of the handle, indicating a potential end to consolidation. If ADA manages to break $0.95, it will confirm the breakout and target $1.17. On-chain data shows that whale wallets have added 60 million ADA since September 9, increasing their total holdings to 1.94 billion ADA. Despite increased selling pressure from retail, prices did not experience a significant correction, suggesting that buyers still dominate. Last but not least, Hyperliquid (HYPE) is currently trading around $54, stable over the past seven days but still up 25% in the past month. Hyperliquid was in the spotlight after Circle announced plans to extend USDC to its validators. HYPE has broken out of a bull flag pattern on the daily chart, with an upside target of up to $73, or about 35% higher than current levels. The Chaikin Money Flow (CMF) indicator for Hyperliquid (HYPE) showed massive buying by large wallets, pushing liquidity higher. In conclusion, these three altcoins - Clearpool (CPOOL), Cardano (ADA), and Hyperliquid (HYPE) - are worth keeping an eye on post-Fed rate cut. The positive impact of the rate cut on global financial markets, including the crypto ecosystem, could potentially drive the growth of these altcoins. However, as with any investment, it's essential to do your research and consider your risk tolerance before making any decisions.
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