Aptos and ApeX could be the altcoins to watch as the Fed’s FOMC meeting nears | Credit: Hameem Sarwar
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Key Takeaways
The market may brace for volatility with the FOMC meeting set for Oct. 8.
Backed by the USD1 stablecoin launch, APT may surge toward $6.34.
APEX bulls may push it higher despite its decline from a 693% price increase.
The countdown to the Federal Reserve’s next policy update is on, and the crypto market seems ready, while bracing for volatility. While Bitcoin (BTC) price has retested $120,000, some altcoins like BNB have climbed to a new record high.
However, it is not the same for many other alts, with most struggling to hold gains. As next week approaches, market participants will hope that the Federal Open Market Committee (FOMC) meeting, slated for Oct. 8, brings good tidings for altcoins.
That said, here are two altcoins to watch ahead of the event.
Aptos (APT)
Aptos is shaping up as one of the altcoins to watch closely ahead of next week’s FOMC meeting.
The spotlight is on its upcoming milestone — the launch of World Liberty Financial’s stablecoin product, USD1, directly on the Aptos blockchain.
This development is already stirring momentum. In the past seven days, APT’s price has surged 32%, climbing to $5.25 at press time.
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The rally signals growing anticipation that the stablecoin launch could attract new liquidity for the network.
From a technical perspective, it appears that APT will be one of the altcoins to gain more ahead of the event. On the daily chart, the altcoin has broken above the upper trendline of the descending channel.
Amid this setup, the Money Flow Index (MFI) has climbed to 69.73, signaling strong inflows and increased buying pressure. By the look of things, demand for APT could remain elevated heading into the new week, especially with the USD1 stablecoin launch on the horizon.
Adding to the bullish case, the Supertrend indicator has flashed green, with its line firmly positioned below Aptos’ price. This alignment typically confirms a buy signal and suggests that momentum still favors the upside.
With this backdrop, APT looks in line to challenge the $5.78 resistance. A clean breakout above this zone could set the stage for a run toward $6.34 in the near term.
On the flip side, if bulls fail to hold momentum and price slips below the upper trendline, Aptos risks a pullback toward $4.52 support. Such a breakdown would weaken the current bullish setup and delay a potential breakout.
ApeX Protocol (APEX)
ApeX (APEX) is another token to keep on the radar ahead of next week’s FOMC meeting.
One of the biggest near-term catalysts is the end of the Ape Season 1 Early Adopter Bonus on Oct. 6, which could influence liquidity and trading activity on the protocol.
Over the last month, APEX has been one of the market’s standout performers. Fueled by the growing bullish narrative around Decentralized Exchanges (DEXes) — a sector ApeX Protocol belongs to — the token has soared an eye-popping 693% in just 30 days.
At press time, APEX has cooled to $1.71, but the technical structure still supports further upside. If buying pressure regains momentum, the token could rally to the wick high of $2.72.
However, the setup isn’t without risks. If demand fades and traders rotate away from DEX-related tokens, APEX could tumble toward $1.10, erasing much of its recent parabolic gains.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
