As the crypto market enters the bullish month of October, three altcoins stand out with promising potential. Investors are eagerly eyeing Toncoin, FTX, and Dogen for signs of upward momentum. These digital currencies could be poised for significant growth. This article dives into why these particular coins might be the ones to watch this month.
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Turbulent Times for TON: Price Struggles to Break Above $6
TON is currently priced between $5.49 and $6.17, showing uncertainty. The coin faces resistance at $6.49, making it tough for the price to climb higher soon. A support level at $5.14 might prevent it from dropping too far. With a 10-day average below the 100 days, the trend points down. An RSI below 40 suggests buyers lack strength, and a negative MACD shows bearish momentum. Although the monthly change of 0.69% hints at potential growth, the past week saw a drop of over 8%. Breaking resistance at $6.49 could lead to a move towards $7.16, a boost of about 15%.
FTT Price Faces Volatility with Potential for Growth
FTT’s price is between $1.36 and $3.02. Despite recent gains—up 43% in a week and 54% over a month—the coin is still below a key resistance level at $3.83. This suggests a struggle to maintain upward momentum. If it can surpass this, FTT could aim for the next resistance at $5.49, representing a potential rise of over 80% from its current high. However, indicators like the RSI at around 41 and a negative MACD suggest limited buying interest. The recent upward spikes might be temporary unless it closes consistently above these resistance points. For now, FTT seems volatile with potential, but risks remain for a downturn.
Conclusion
Toncoin (TON) and FTX (FTT) have shown potential but are seen as having less immediate growth in the short term. The standout is DOGEN, designed for those who pursue luxury and success. It offers expected growth of 700% by the end of the presale, with the potential to grow a thousand-fold during this altcoin season. Following in the footsteps of successful tokens like BONK, WIF, and Popcat, DOGEN could achieve incredible success. It is building a group of leaders who aim to excel in the market. DOGEN provides real benefits, such as exclusive campaigns and perks, making it an attractive option for early adopters looking for substantial gains.
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Source: https://thecryptobasic.com/2024/10/03/3-strong-altcoins-for-uptober-toncoin-ton-ftx-ftt-and-dogen-dogen/?utm_source=rss&utm_medium=rss&utm_campaign=3-strong-altcoins-for-uptober-toncoin-ton-ftx-ftt-and-dogen-dogen