Global markets are flashing early signs of optimism as traders price in almost certain rate cuts by the Federal Reserve and renewed hopes of a breakthrough trade deal between U.S. President Donald Trump and China’s Xi Jinping.
With equities hovering near record highs and crypto showing signs of renewed accumulation, several altcoins are starting to form potentially bullish setups.
Among the standout names this week are SEI, ENA, and XRP — each of which is showing technical patterns hinting at the possibility of further recovery, according to data shared by market analyst Ali Martinez.
SEI Holding Support as Momentum Builds
SEI has managed to hold firm around $0.19 after weeks of sideways trading, suggesting that selling pressure may have finally exhausted. The RSI at 38 is rising from oversold conditions, while the MACD line is about to cross above signal levels, a classic setup often preceding upward reversals.
Martinez noted that SEI continues to trade within a broad ascending channel, which could guide a potential move toward the $0.31–$0.44 range if volume expands. From a broader perspective, SEI’s ability to defend its base despite recent volatility reflects a strengthening foundation of investor confidence, likely supported by improving sentiment across digital assets.
$SEI holding strong at support! A spike in buying pressure could ignite a move to $0.31–$0.44. https://t.co/pT54VhOto3 pic.twitter.com/WmsSxB8Pe8
— Ali (@ali_charts) October 29, 2025
ENA Shows Signs of a Higher High Formation
Ethena’s ENA token has been quietly consolidating around $0.45 after finding solid support near its October lows. The RSI sits at 44, suggesting the token is no longer in a bearish zone, while the MACD has begun turning positive, hinting at growing momentum.
According to Martinez’s chart projection, if ENA can establish a higher high above $0.60, it could trigger a bullish breakout that opens the door to $1.30 — a level aligning with a major resistance band from earlier this year. Given the macro environment of easing inflation and renewed risk appetite, tokens like ENA could benefit from speculative capital rotating back into mid-cap assets.
If this is a higher high, Ethena $ENA could be setting up for a move to $1.30. https://t.co/aYETjB57kO pic.twitter.com/cBDHqQgyZf
— Ali (@ali_charts) October 29, 2025
XRP Targets $2.80 as Resistance Comes Into Play
XRP has been quietly regaining ground, climbing to around $2.64 as buyers step back in following October’s deep retracement. Technical indicators show improving balance, with the RSI hovering above 52 and MACD values turning positive.
Martinez cautioned that $2.80 could act as a major resistance zone — one that could determine whether XRP manages to break free from its long-term descending trend.
If the token clears that level, it could signal a larger move toward the upper channel boundary around $3.00. The setup appears increasingly constructive given that liquidity inflows into XRP-linked products have risen steadily in recent weeks, according to on-chain data.
$XRP could find resistance at $2.80! pic.twitter.com/CXgHnfvEGJ
— Ali (@ali_charts) October 29, 2025
Market Optimism Grows Ahead of Key Global Events
The broader backdrop is helping fuel this resurgence. Traders widely expect the Federal Reserve to begin cutting interest rates as early as December, following softer inflation data and signs of slowing growth. Meanwhile, reports suggest that Trump and Xi Jinping are close to finalizing a new trade cooperation framework during the upcoming summit in South Korea — a development that could ease tensions and boost global risk assets.
This combination of monetary easing and geopolitical optimism is proving to be a powerful tailwind for equities and crypto alike. The S&P 500 and Nasdaq have recently touched new record highs, while Bitcoin continues to stabilize above the $110K zone, offering a more supportive foundation for altcoins to recover.
A Turning Point for Altcoins?
While it’s too early to declare a confirmed breakout, the improving technical structures of SEI, ENA, and XRP reflect a gradual shift toward accumulation across key market segments. If upcoming macro catalysts confirm investor optimism, these assets could be among the early beneficiaries of a broader market rebound.
For now, all eyes remain on the Fed’s next policy signal and the Trump–Xi meeting, both of which could set the tone for risk markets heading into November.
