Key Insights:
- Zcash happens to be one of the top three altcoins because its strong negative correlation with Bitcoin can help it gain if BTC stays weak.
- Uniswap may benefit as money moves toward DeFi after the rate cut, supported by steady whale buying and rising DEX activity.
- Monero shows strong short-term strength, a negative 7-day correlation with Bitcoin, and clear breakout levels on the chart.
The Fed rate cut of 25 bps pushed the crypto market into a mixed mood. Bitcoin stayed weak because the cut was already priced in. When this happens, the top three altcoins that move differently from Bitcoin is likely to witness a boost.
Some DeFi tokens can also do well because crypto community look for safe ways to earn instead of taking large spot positions. Here are the top three altcoins that might benefit from this setup.
Zcash Leads the Top Three Altcoins if Bitcoin Stays Weak
Zcash often moves in the opposite way to Bitcoin. The one-year correlation stayed close to –1.0. This means Zcash rises many times when Bitcoin falls.
Plus, privacy coins like ZEC have done well recently, despite the broader market being volatile.
The 25 bps rate cut was priced in for weeks. So traders sold Bitcoin after the event. If Bitcoin keeps falling, Zcash can gain from the opposite move.
Zcash dropped 8% today, but still moved up around 13% this week. The chart shows the most important level at $573, which is the 0.618 Fibonacci level. If Zcash breaks above $573, it can open a larger move.
It is worth noting that the ZEC price has taken support against the ascending trendline, making the pattern still bullish enough for a higher push.
The privacy story is also active this cycle, which supports Zcash when Bitcoin stays weak. This makes Zcash one of the top three altcoins to watch after the Fed rate cut.
Uniswap Joins the Top Altcoin List As DeFi Use Grows
Uniswap stayed stable around the Fed move. But traders who want to earn without taking big spot risk often move to DeFi during this time.
Uniswap is the largest decentralized exchange. When DeFi use grows, swap volume and fees rise. That can help boost the demand for the altcoin.
The top 100 UNI wallets increased their holdings by 2.53% in the past 30 days. This shows clear whale accumulation before the Fed meeting.
The price chart still holds strength. UNI stayed above the key support at $4.74. If the altcoin holds $4.74, the next key level is $6.47.
After that comes $7.20, which needs to break for a stronger move. If DeFi use grows after the rate cut, Uniswap may be one of the top three altcoins with a fast reaction.
Monero Completes the List With Strong Support
Monero stayed in green over the last 30 days with about +2.7%. Most altcoins were flat or down. Monero also has a negative 7-day correlation with Bitcoin, so it already moves differently in the short term.
Monero still trades inside an upward channel. The next small resistance is $439. After $439, the higher level sits at $470.
If Bitcoin stays weak, the top altcoin can continue to benefit from its negative correlation.
The privacy story also helps Monero, making it one of the top three altcoins that may gain after the Fed rate cut.
The Fed rate cut did not lift crypto right away. But it changed how money may move. If Bitcoin stays weak because the cut was priced in, Zcash and Monero can gain from their negative correlation.
If people prefer DeFi earnings, Uniswap can gain from higher activity. These three cryptocurrencies are likely the top three altcoins to watch in the period following the Fed rate cut.