Here Are 3 Made In USA Coins To Watch For the End of October

Made in USA coins are drawing significant attention as markets await crucial economic data, with Solana, Chainlink, and Stellar showing divergent patterns that could define October's final trading sessions. These cryptocurrencies often react sharply to major US economic events, presenting both opportunities and risks for traders.

As US markets brace for a pivotal week with fresh CPI data expected soon, a likely Fed rate cut towards the end of October, and Jerome Powell's remarks poised to steer global sentiment, traders are closely monitoring how cryptocurrencies react to shifting policy signals.

Among the assets in focus are Made in USA coins, which historically demonstrate heightened volatility around major economic announcements. The current market environment reveals some tokens hinting at early recoveries while others risk deeper pullbacks, creating a complex landscape for investors navigating the month's conclusion.

Solana (SOL): Channel Pattern Holds Despite Volatility

Solana continues to demonstrate resilience among Made in USA coins despite experiencing a 23% monthly decline, primarily attributed to the October 10 market crash. The token has managed to gain over 2% in the past week, signaling steady recovery efforts that could accelerate into month-end.

The broader technical structure remains constructive, with Solana moving inside an ascending channel pattern established since May. A breakthrough above $204 representing an 8.4% rise could target $223 and $238 in succession. A clean move above $253 would potentially open pathways toward new highs in the short to mid-term timeframe.

The Relative Strength Index reveals hidden bullish divergence between August 7 and October 11, where price action created a higher low while RSI formed a lower low. This technical signal typically confirms that the larger uptrend remains intact despite temporary setbacks. However, traders should note that a daily close below $174, marking the channel's lower trendline, would compromise this bullish structure and could trigger declines toward $155 or even $142.

Chainlink (LINK): Whale Accumulation Signals Recovery

Chainlink emerges as one of the few altcoins displaying early recovery signs despite suffering over 30% losses in the past 30 days. The token has managed to close the past 24 hours in positive territory, suggesting renewed buying interest at current levels.

Strong on-chain fundamentals support this recovery narrative. Recent data from Whaler Talk reveals that over 270,000 LINK tokens worth more than $4.6 million were transferred out of Binance wallets, indicating that large holders are potentially positioning for longer-term accumulation rather than short-term trading.

Technically, Chainlink's October 10 breakdown below a head-and-shoulders pattern with a neckline near $21 triggered a steep correction toward $14. The subsequent rebound from $16 support establishes this level as critical for potential recovery momentum. Hidden bullish divergence between June 22 and October 10 suggests the larger uptrend supported by LINK's 50% yearly gain remains structurally sound.

A daily candle close above $21 could catalyze movement toward $24 and potentially $27, representing a minimum 24% near-term rally opportunity. Conversely, failure to hold $16 support would weaken the bullish thesis and expose lower targets at $14 and $12.

Stellar (XLM): Complex Setup with Squeeze Potential

Stellar presents the most complex technical setup among Made in USA coins, trading near $0.31 while maintaining steady whale inflows despite market turbulence. The Chaikin Money Flow indicator has remained above zero since October 7, confirming that institutional investors continue accumulating positions through the recent downturn.

Technical indicators paint a more cautious picture. The 20-day Exponential Moving Average approaches a bearish crossover below the 200-day EMA, while the 50-day EMA nears a similar crossover beneath the 100-day EMA. These potential death crosses typically signal strengthening seller control and could pressure XLM toward key support at $0.27, representing an 11.4% decline.

The derivatives market adds an intriguing dimension to Stellar's outlook. Bybit's liquidation map reveals $4.74 million in short leverage against XLM, indicating widespread bearish positioning. However, $2.59 million in long leverage remains active, creating conditions for potential volatility. A slight price decline could trigger long liquidations, while an unexpected bounce might force short covering, potentially creating a sharp squeeze higher.

Bottom Line: As October draws to a close, these Made in USA coins present distinct opportunities shaped by upcoming Federal Reserve decisions and economic data releases. Solana's channel pattern offers clear targets for traders, Chainlink's whale accumulation suggests institutional confidence, while Stellar's complex setup creates both risk and opportunity through potential squeeze scenarios. Investors should monitor key support and resistance levels closely as market dynamics evolve around pivotal US economic events.