Today is the day we’ve all been waiting for—September 18th, when the Federal Reserve (FOMC) will announce its decision on interest rates. This could shake up the markets, especially as we gear up for the next phase of the crypto bull run.
Here’s what we know: There’s been a shift in expectations for the rate cut. Originally, there was a 37% chance of a 25-basis point cut, but now there’s a 63% chance of a bigger 50-basis point cut. Some politicians are even pushing for a 75-basis point emergency cut, but that seems unlikely since the stock market is still climbing. Ahead of the big event, on Crypto Banter’s Kyle Doops Show, the analyst listed a few altcoins that could make big moves.
Ethereum Levels to Watch
The analyst said that if Ethereum manages to break above $2,443 in the ETH/USD pair, this would signal a potential change in structure. The market is forming a possible higher low, which suggests that a bullish move could be on the horizon.
RUNE: Major Developments and Price Movement
ThorChain’s (RUNE) founder recently received approval to run a fully licensed fund with self-custody for RUNE. This development is important as it allows for fund management and node operation in a decentralized manner. He is looking at a potential W-formation in the price chart, which could lead to higher targets around the $6 level. RUNE is considered one of the top contenders for the next phase of the market cycle.
Other Altcoins to Watch
- Kaspa (KAS): The coin is performing well and continues its upward trend. He suggested waiting for a pullback.
- Solana (SOL): Solana is lagging but may see momentum shift if it can reclaim the $160 level. The upcoming Breakpoint conference could be a catalyst.
- SUI: SUI is approaching a top boundary, and he recommends waiting for a pullback to buy at a higher low.
- Injective (INJ): Injective is breaching its falling wedge and approaching major support. A breakout could lead to gains.
- Near (NEAR): Near is also approaching a support zone, but the analyst suggests waiting for it to drop lower.
