3 Altcoins That Could Hit All-Time Highs In The Second Week Of October
Ethereum, OKB, and Aster could reach new record highs in early October. Each faces key resistance levels that will define their breakout potential.
With Bitcoin forming a new all-time high over the weekend the market seems to be ecstatic at the moment. The US government shutdown is further feeding the rising value of cryptocurrencies. This could be a driving factor going ahead.
BeInCrypto has analysed three such altcoins that are looking at a potential all-time high in the coming days.
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency by market capitalization, is trading at $4,569, holding firmly above the key $4,500 support level. The altcoin king remains one of the closest tokens to retest its all-time high.
For Ethereum to reclaim its all-time high of $4,956, the token needs an 8.5% increase. Achieving this requires breaking through the $4,775 resistance, a level closely watched by traders. If bullish momentum continues and ETH successfully rebounds from $4,500, renewed market enthusiasm could drive the token toward a new record.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Ethereum Price Analysis. Source:
TradingView
However, potential selling pressure poses a short-term risk to Ethereum’s price. A decline below the $4,500 support could trigger further losses, pushing ETH toward $4,222. Such movement would invalidate the current bullish outlook and erase a portion of recent gains.
OKB (OKB)
OKB is trading at $225, just below the crucial resistance level of $229. The altcoin has recorded impressive growth this month, climbing from $189 a week ago.
The next major target for OKB is breaking the $229 resistance and turning it into a stable support level. Achieving this would be pivotal in propelling the token toward its all-time high of $258, currently 14.6% away.
OKB Price Analysis. Source:
TradingView
However, a failed breakout attempt may trigger a shift in market sentiment. If investors begin selling, OKB could retreat to the $207 support zone. Such a decline would negate the ongoing bullish outlook, highlighting the importance of maintaining upward momentum to preserve recent gains.
Aster (ASTER)
ASTER is trading at $2.08, maintaining stability above its key support level of $1.87 while facing resistance at $2.24. The token’s resilience indicates steady investor confidence, with bulls attempting to secure momentum.
For ASTER to reach its all-time high of $2.43, the altcoin must climb about 17% from its current price. This target appears attainable, as ASTER has already surged 11% today. If bullish momentum persists, the token could break through the $2.24 resistance.
ASTER Price Analysis. Source:
TradingView
However, ASTER’s performance remains sensitive to overall market sentiment. A shift from bullish to bearish conditions could trigger a decline below the $1.87 support level. In such a scenario, the price might slide toward $1.63, erasing recent gains and invalidating the prevailing bullish outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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