As September comes to a close, the Federal Reserve is preparing for its first interest rate cut of the year. While the main concern for cryptocurrency investors remains Powell’s persistence, the potential for discussions about tariffs’ mid-term reductions might dampen risk appetite. What’s the situation with altcoins, particularly with S Coin?
S Coin Price
At the time of writing, the price of S Coin stood at $0.318, with volume down 44% compared to the previous day. Michael Poppe, who predicts a strong uptick in the altcoin market, considers this a perfect opportunity to buy S Coin. S Coin is one of the analyst’s many favored cryptocurrencies.
The analyst shared a chart highlighting the altcoin’s accumulation phase and its growth potential.
“It’s a great time to accumulate altcoins. S Coin is one of them. It remains in the accumulation range for now but continues to grow. A new test network has been announced, integrating account abstraction and an Ethereum $4,506 compatible Pectra upgrade. Definitely bullish.”
Despite testing the $0.25 support base several times, S Coin has remained above this level for a while and is targeting the $0.4 range. If the upward momentum accelerates and the shaded area is breached, a rapid rally to $0.605 could occur.
Across the altcoin landscape, a general rally has yet to be observed, with many forming similar chart patterns. Consequently, this season might see altcoins remaining in the shadows (with leading ones like ETH and SOL making unsatisfactory ATH updates), or we may witness days reminiscent of previous cycles where altcoins at least test past peaks. Time will tell.
Solana Price Prediction
Today, SOL Coin once again distinguished itself among large-market-cap altcoins. A rise to the $203 resistance was anticipated and achieved; it should now revert to $220. SOL Coin has rewarded investors who capitalized on its declines throughout the year, with demand remaining strong. Scott Melker shared the SOLBTC chart, noting that a breakout here would signal a rally environment for altcoins.
“It’s at arguably the most important level on the chart. If Solana $204 surpasses this level, you’ll see it favored in the next altcoin wave.”
