Memecoins Rally Across US Markets Ahead of Fed Rate Cut Expectations

The memecoin sector is experiencing a significant rally, driven by trader optimism over a potential Federal Reserve interest rate cut, which is increasing risk appetite and prompting capital rotation from Bitcoin to altcoins. Bitcoin's market dominance has decreased, while memecoin indexes like CoinDesk's CDMEME show strong gains, with tokens such as Shiba Inu (SHIB) and Bone rising despite recent setbacks like exploits on Shibarium's layer-2 network. Market analysts highlight a weekend surge in meme coins like Dogecoin (DOGE) and SHIB, urging traders to stay engaged to capitalize on short-term momentum, supported by increased trading volumes and bullish technical indicators. Specifically, Shiba Inu is showing renewed strength, with technical analysis pointing to key resistance levels around $0.00001599 and bullish chart patterns that suggest a breakout is imminent. More optimistically, some traders forecast substantial upside for SHIB, with breakout confirmations and Fibonacci extensions targeting increases up to nearly 500%, supported by strong fundamentals including ongoing token burns and community engagement. The growing interest in altcoins is further bolstered by the potential approval of altcoin ETFs in the U.S., which could expand retail and institutional access to these assets beyond Bitcoin and Ethereum.