MNT's Potential for a Breakout and SHIB's Burning Dilemma Amid Crypto Market's Struggle with Fed Policy Ambiguity

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MNT's Potential for a Breakout and SHIB's Burning Dilemma Amid Crypto Market's Struggle with Fed Policy Ambiguity

Bitget-RWA2025/10/29 02:20

By:Bitget-RWA

- 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 - Shiba Inu (SHIB) struggles to convert 2,713% burn rate into price gains, with 289B tokens withdrawn signaling long-term holder accumulation.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

FXStreet outlook

, Mantle (MNT) is hinting at a possible breakout after bouncing off the $1.50 support for the third time this month. CoinGlass derivatives data shows futures open interest (OI) climbed 5.85% to $185.80 million, reflecting increasing optimism among traders. The OI-weighted funding rate moved into positive territory at 0.0092%, indicating that traders are paying extra to maintain long positions. In October, Mantle’s decentralized exchange (DEX) volume reached $732.48 million, demonstrating consistent on-chain engagement even as the broader market fluctuated. Still, the token is encountering resistance within a descending triangle, and a crucial test of its upward momentum is approaching.

MNT's Potential for a Breakout and SHIB's Burning Dilemma Amid Crypto Market's Struggle with Fed Policy Ambiguity image 0

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

LiveBitcoinNews outlook

. Despite burning 4.7 million tokens this week, SHIB’s stagnant price highlights the difficulty of turning supply cuts into real value. Blockchain data reveals that 289 billion

SHIB

tokens were withdrawn from exchanges on October 23, suggesting accumulation by long-term investors. Short-term projections indicate SHIB may fluctuate between $0.000010 and $0.000012, with a possible recovery to $0.0000118 if buying pressure increases. More investors are hedging their SHIB positions with utility-focused tokens like Remittix (RTX), which features fiat compatibility and practical applications.

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

Bitget report

. However, J.P. Morgan analysts warn that the Fed could halt rate cuts in 2025 to evaluate the effects of policies from the Trump era, as discussed in a

MooMoo update

, adding uncertainty to asset pricing. This policy uncertainty highlights the value of projects with strong execution, such as BlockDAG’s testnet advancements and Mantle’s derivatives-driven growth, for navigating market volatility.

Essential Reading

Shiba Inu

Price Outlook for SHIB Investors: Is This the Top Crypto to Buy Right Now?

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https://www.bitget.com/news/detail/12560605030913

J.P. Morgan Analysts: 2025 Brings Uncertainty, Fed May Pause Rate Cuts!

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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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