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#美联储重启降息步伐 $XNY This weekend I've been watching a token with an interesting price movement.
Last round, it surged 400% from the low, followed by massive selling volume, and then consolidated around 0.005 for several days. Looking at the daily chart, this level is right at the lower edge of the previous range, and today there are signs of a second upward move during the session.
For these low market cap altcoins, breaking support is the biggest risk, but if it holds above 0.005, there could be considerable short-term rebound potential. On-chain data shows that the project team has quietly been accumulating at the bottom over the past few days, and the token distribution is changing. However, these coins are extremely volatile, so be cautious about chasing the price.
$ETH 's recent trend is also worth watching, with market expectations for the Fed to restart rate cuts gaining traction.