MNT's Potential for a Breakout and SHIB's Burning Dilemma Amid Crypto Market's Struggle with Fed Policy Ambiguity
- Mantle (MNT) shows breakout potential with 5.85% higher futures open interest and $732.48M DEX volume, but faces descending triangle resistance. - Shiba Inu (SHIB) struggles to convert 2,713% burn rate into price gains, with 289B tokens withdrawn signaling long-term holder accumulation. - BlockDAG (BDAG) leads presales with $432M+ raised, leveraging F1 partnership and 15,000 TPS capacity to attract institutional adoption. - Fed's 25-basis-point cut probability boosts crypto risk-on sentiment, but J.P. Mo
According to an
Shiba Inu (SHIB) is experiencing a mixed technical landscape, as a 2,713% surge in its burn rate did not translate into price gains, based on a
Wider cryptocurrency market trends remain shaped by macroeconomic developments. The Federal Reserve is seen as having a 98.9% chance of a 25-basis-point rate cut in October, which has encouraged risk-taking, leading to increased global equity inflows and crypto gains, as noted in a
Essential Reading
Fed Expected to Cut Rates as Inflation Cools and Economic Outlook Remains Uncertain
J.P. Morgan Analysts: 2025 Brings Uncertainty, Fed May Pause Rate Cuts!
Mantle Price Outlook: MNT Shows Breakout Signs as Bullish Bets Increase
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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