As October approaches, excitement builds around three altcoins that could potentially soar to new all-time highs. Hereâs a closer look at LayerZero ($ZRO), Sui ($SUI), and Binance Coin ($BNB).
1. LayerZero ($ZRO)
LayerZero has emerged as a leading multichain interoperability protocol, facilitating seamless cross-chain communication. Currently priced at $5.06, ZRO has experienced a remarkable 27.70% increase over the past month. This surge follows the project's strategic reallocation of unclaimed airdrops, attracting renewed investor interest. Despite being 7.72% down from its all-time high of $5.57, ZRO has formed an ascending triangle on the daily chart, signaling bullish momentum. Analysts predict a potential rise of 30%, possibly reaching $6.55. However, caution is advised, as a failure to maintain momentum could see the price retreat to $4.39.
2. Sui ($SUI)
Sui is making waves, currently trading at $1.62 with a staggering 94.95% gain in the last month, partly driven by the launch of Grayscaleâs SUI Trust. Often compared to Solana, SUI is just 25% away from its previous peak. Although recent attempts to break past $2 faced resistance, the price remains above crucial support near $1.60. With strong indicators, SUI could climb 40% in October, targeting $2.25. However, if resistance persists at $2.00, a dip to $1.50 could occur.
3. Binance Coin ($BNB)
No list of potential all-time highs is complete without Binance Coin. Currently priced at $602.20, BNB is buoyed by optimism following the release of ex-CEO Changpeng Zhaoâs insights, signaling a potential bull market. The recent breakout from a descending trendline and a positive Chaikin Money Flow (CMF) indicate strong buying interest, although BNB is in overbought territory. Analysts suggest BNB could surge past $700 and target $725 by the end of October. Traders should remain vigilant; a dip in buying pressure could see BNB retreat to $564.
Conclusion
With these three altcoins showing strong potential for growth, October could be a pivotal month for investors. Keep an eye on ZRO, SUI, and BNB as they aim for new heights!
