Despite the Fed’s rate pause, AERO, KAIA, and JITO defy the odds | Credit: Hameem Sarwar
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Key Takeaways
AERO broke out of a falling channel, fueled by its Coinbase listing and becoming the top liquidity pool on Base.
KAIA surged past resistance and rose by nearly 30%, forming a bullish crossover and clearing a descending triangle.
Unlike the other two, JTO could face correction, and if selling pressure continues, the token may drop to $2.08
On Wednesday, June 18, Fed Chair Jerome Powell announced that the Federal Open Market Committee (FOMC) would keep interest rates unchanged.
While this decision left several crypto subdued, three altcoins defied the risk-off tone, emerging as the week’s crypto biggest gainers.
In this analysis, CCN reveals which assets stood out among the top 100. We also disclose why these altcoins gained momentum even as macro uncertainty lingered.
Aerodrome Finance (AERO)
AERO, Aerodrome Finance’s native token, is one of crypto’s biggest gainers this week. Its price has increased by 45% within the past seven days.
As of press time, AERO is trading at $0.90. According to CCN’s findings, the surge is mainly attributed to two key catalysts.
First, AERO’s recent integration with Coinbase, announced last week, significantly boosted traders’ accessibility. Second, demand soared as Aerodrome’s top liquidity pool overtook Ethereum’s.
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From a technical standpoint, AERO has successfully broken out of a falling channel. Supporting this breakout, the Relative Strength Index (RSI) has climbed steadily, signaling renewed bullish momentum.
In addition, the Awesome Oscillator (AO) has flipped into positive territory. If this trend holds in the coming week, AERO could break above the $1.07 resistance, aligning with the 0.618 Fibonacci retracement level.
A confirmed breakout above this level could open the door for a rally toward $1.56. However, if profit-taking intensifies before month-end, AERO’s price may reverse course, with a potential pullback below $0.50.
Kaia (KAIA)
KAIA’s price has increased by over 28% this week, making it one of the crypto’s biggest gainers. As CCN previously reported, the altcoin rallied this much against the unchanged Fed rate cut due to increasing buying pressure.
On the daily chart, KAIA’s price has broken above the upper trendline of a descending triangle. With this in place, the Moving Average Convergence Divergence (MACD) has formed a bullish crossover.
If sustained, the token might break the resistance at $0.22. It could also trade higher as there is speculation that the Powell-led Fed could cut rates in July
“I think we are in a position to cut rates. That would be my view, whether the committee would agree or not. Data is good, and GDP growth could be close to our long-range target for this year.” Fed Governor Christopher Waller told CNBC.
If so, KAIA’s price could rise to $0.29, especially with the green line of the indicator below the price.
However, if bears outpace bullish dominance, the altcoin might experience a correction below $0.15.
Jito (JTO)
Last on this week’s list of crypto’s biggest gainers in JTO, the native token of Solana-based token pool Jito. Over the past seven days, JTO’s price has risen by nearly 20%.
In the process, the price surged to $2.35 on Thursday, June 19. However, the 4-hour chart shows that JTO might find it challenging to continue to hike.
Specifically, the MACD has formed a bearish crossover, indicating that sellers have become dominant. Should this trend remain the same, JTO’s price could drop to $2.08.
In a highly bearish scenario, the altcoin could drop to $1.87. On the contrary, if the MACD reading turns positive, the cryptocurrency’s value could jump closer to $3.
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.
