Big players in the crypto market are quietly amassing specific altcoins as a pivotal financial event approaches. With the March 19 FOMC meeting on the horizon, focus is on which digital assets could see significant growth. This article will reveal the top altcoins that these market movers are betting on for a potential surge. Chainlink Price Journey: Mixed Trends with Short-Term Volatility Chainlink experienced a significant one-week increase of about 11%, despite a decline of nearly 26% over the month. In contrast, the coin posted a solid half-year gain of around 30%. This price behavior reveals notable volatility, marked by short-term corrections interspersed with longer-term recovery. The last month and six months demonstrate rapid surges followed by deeper pullbacks, showcasing a mixed trend. Current prices are ranging between approximately $10 and $23, with immediate resistance at $30.60 and solid support around $5.58. Indicators suggest a slight bearish pressure, highlighted by a negative Awesome Oscillator and Momentum Indicator, while the RSI remains near neutral. Traders might consider buying near support and exploring short positions as the price approaches resistance, fostering a balanced trading strategy in a climate of uncertainty. Altcoin Volatility Sparks Cautious Recovery The RENDER recorded a 32.36% decline over one month and a 37.88% drop in the last six months, while a one-week gain of 13.43% indicates a short-term recovery. Price behavior during these periods shows a generally bearish trend, often interrupted by sudden upward moves. The asset has experienced sharp fluctuations, with extended downtrends followed by brief rebounds, highlighting substantial volatility. The current trading range is between $2.72 and $5.48, with immediate resistance at $7.13 and support near $1.61. Bears currently have the upper hand, as momentum and oscillator readings remain negative. However, the recent weekly recovery suggests possible gains near support levels. It may be wise to consider buying at lower levels and selling near resistance in this uneven market. Kaspa Price Rebound Amid Long-Term Downtrend Kaspa dropped by 32.21% over the past month and experienced a 58.20% decline over the last six months. Despite a one-week gain of 24.35%, the overall performance remains dominated by volatility and losses. This brief surge signals a potential reversal, yet long-term weakness continues to loom. Traders remain cautious as they assess the coin's future movements amid this up and down performance. Current trading levels show support at $0.04 and resistance near $0.15, with an additional hurdle at $0.21. Bearish pressure remains visible, evidenced by a sub-50 RSI and negative oscillator signals. There is no clear trend as buyers attempt to gain momentum at support while sellers maintain their positions near resistance. Monitoring these key levels is critical for establishing entry and exit strategies. Conclusion Interest in various altcoins is growing as the FOMC meeting approaches. Major coins like LINK , RENDER , and KAS are drawing significant attention from large holders. This trend could indicate strong confidence in these assets. As the meeting date nears, the behavior of these whales may serve as a signal for market sentiment. Monitoring their actions can provide insights into potential market movements. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
