The lack of strong bullish cues this past week has kept altcoins from reaching their all-time highs. However, the previous weekend pulled BTC back above $110,000, reviving hopes of a positive week ahead.
Thus, BeInCrypto has analysed three such altcoins that could be looking at new all-time highs as October begins.
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BNB
BNB price is trading at $1,010, only 7.2% away from its all-time high of $1,083. The altcoin recently reclaimed the $1,000 mark after slipping below it last week, marking an important psychological level that investors are now closely watching for sustained bullish strength.
The main challenge for BNB is maintaining momentum above $1,000, which requires consistent investor support. Encouragingly, the 50-day EMA sitting below the candlesticks signals that a strong upward move could be ahead. This setup suggests that BNB could retest the ATH and potentially extend the price to $1,100 to form new highs.
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However, if BNB fails to defend the $1,000 support, risks of a deeper correction will emerge. A slip below $955 would likely trigger bearish sentiment, pushing the altcoin further down to $902. Such a decline would invalidate the bullish thesis.
Mantle (MNT)
MNT price is trading at $1.74, slightly above the $1.71 support level. This threshold has acted as resistance for more than two weeks. This confirms its support as critical for MNT’s next breakout and potential rally toward higher levels in the short term.
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If MNT secures $1.71 as support, the altcoin could bounce and head toward its all-time high of $1.91. Achieving this milestone would require a rally of over 9.4%, which seems possible given the current market sentiment and technical strength that support MNT’s price structure.
However, if MNT falls back below $1.71, the token may continue consolidating above $1.59. Losing this critical support would signal weakness, potentially invalidating the bullish thesis. A breakdown under $1.59 would expose MNT to deeper losses.
MYX Finance (MYX)
MYX appears ready to aim for a new high, sitting 24.8% away from its next resistance. The altcoin has secured $14.41 as a strong support level, giving investors confidence that upward momentum could continue if broader market conditions align with bullish sentiment.
A further rally will depend on both market support and investor activity. If momentum builds, MYX could retest its $19.98 all-time high and surpass it. Breaking past this critical resistance level would open the door for a move toward $22.00, signaling stronger upside potential in the near term.
However, if MYX fails to maintain $14.41 as support, the bullish outlook could quickly collapse. The altcoin risks falling back toward $10.54, which would mark a significant retracement. Losing this support level would invalidate the bullish thesis.
Source: https://beincrypto.com/altcoins-that-could-hit-all-time-highs-in-first-week-october/