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Three Altcoins to Watch: Chainlink, Dogecoin, and Zcash as the Market Braces for the Dovish FOMC

The crypto market is showing bullish signs, up nearly 4% as anticipation builds ahead of the Federal Open Market Committee (FOMC) meeting on October 28–29. With a recent cooler US CPI report easing inflation concerns, traders are hopeful the Federal Reserve will strike a dovish tone (suggesting possible rate cuts), which could inject liquidity and cause these three altcoins to surge.


Altcoin Deep Dive: Mixed Signals and Breakout Potential

Here is a breakdown of the three tokens traders are closely watching:

1. Chainlink (LINK)

LINK presents a complex set of conflicting technical signals:

  • Bearish Signals: A hidden bearish divergence has emerged (price made a lower high, but the RSI made a higher high), suggesting the broader downtrend might continue. A clean daily close below the $17.08 support level could trigger a 9% drop toward $15.
  • Bullish Signals: The Money Flow Index (MFI) shows higher highs, indicating sustained dip buying by retail investors. Furthermore, the Chaikin Money Flow (CMF) has just moved above zero, a sign that whales are beginning to accumulate LINK again.

LINK is currently in limbo, with fading bearish pressure and improving whale and retail inflows. The Fed’s tone will likely decide its direction.

2. Dogecoin (DOGE)

DOGE is sitting right at the edge of a possible breakout after trading sideways between $0.17 and $0.20 since mid-October:

  • Breakout Level: A strong move above the key level of $0.21 could spark a 6% rally toward $0.27, especially if risk appetite improves post-FOMC.
  • Whale Activity: Dogecoin whales are quietly positioning themselves, with holders of 100 million to 1 billion DOGE increasing their supply by about $34 million in the last 48 hours.
  • Momentum Shift: The Wyckoff volume profile briefly flipped to “buyer control” recently, though indecision remains.

The combination of strong whale accumulation and a tight trading range makes Dogecoin ripe for a fast move based on the Fed’s announcement.

3. Zcash (ZEC)

The privacy coin ZEC has been on a spectacular run, surging over 540% in the past month after breaking out of a bullish flag pattern, moving toward its next target of $441.

  • Momentum: The price has cleared key resistance at $314 and $344, confirming solid momentum.
  • Warning Signs: Despite the run, the daily chart shows bearish divergences in both the RSI and CMF (price made higher highs, but indicators made lower highs). This suggests that the buying strength is beginning to fade.

This divergence hints that ZEC may face a mild 10%–12% pullback to retest $314 or $284 before resuming its upward climb. The long-term bullish structure remains intact unless the price drops below $187.

October 2025, Cryptoniteuae

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Vaibhavv Ali
Vaibhavv Ali

Vaibhavv Ali is the founder and editor of Cryptonite (cryptonite.ae), an independent digital-asset news and analysis publication with a UAE focus. He covers virtual-asset regulation — VARA, ADGM and the UAE Central Bank — alongside real-world-asset tokenization, stablecoins and agentic AI in finance. Every Cryptonite article is human-edited and its sources are linked. He is also a celebrated speaker and host.

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