LayerZero ($ZRO)

LayerZero is a multi-chain interoperability protocol designed for cross-chain communication between blockchain networks. Its native token, ZRO, is currently trading at $5.06, up 27.70% over the past 30 days.

ZRO’s price surge is linked to the project’s recent decision to reallocate unclaimed airdrops to active wallets. The move sparked a new wave of investor interest in the token, which is now down 7.72% from its all-time high of $5.57.

Therefore, LayerZero is one of the altcoins expected to surpass its previous peak in October. On the daily chart, ZRO's price formed an ascending triangle, which saw the token making higher lows, indicating bullish momentum.

As seen above, the token has broken out of the triangle, reinforcing the bullish prediction. Furthermore, the Awesome Oscillator (AO), which measures momentum, has a positive reading, indicating a strong uptrend as the price heads towards the $5.60 level.

ZRO could cross the threshold in October, with a potential upside of 30%. If that happens, the altcoin could hit a new all-time high of $6.55. However, if the altcoin fails to keep up its recent momentum next month, the token could fall to $4.39.

$SUI #SUI)

Sui is another altcoin that could hit a new all-time high in October 2024. As of this writing, the price of SUI is $1.62, up 94.95% over the past 30 days. The altcoin’s performance could be related to the Grayscale SUI Trust, an asset management company that launched a few weeks ago.

Additionally, the token is also seeing notable demand, with some predicting that it is the Solana (SOL) of this cycle. Currently, SUI is 25% away from its previous high. According to the daily chart, SUI's attempt to retest $2 was rejected due to resistance around $1.77.

However, the pullback has pulled the token to the support zone near $1.60 and could fuel a recovery. Additionally, the price is significantly above the Ichimoku Cloud. This technical indicator shows whether there is significant support or resistance.

When the cloud is above the price, there is strong resistance and the price may fall. But since it is below the price of SUI, the possibility of reaching a higher value is certain. Based on the current situation, SUI could increase by 40% by October, taking the price to $2.25. However, this prediction could be invalidated if the token is rejected at $2.00. In that case, it could fall to $1.50.

Binance Coin ($BNB )

The list of altcoins with the potential to reach new highs would be incomplete without #BNB. Market participants, largely motivated by the early release of former Binance CEO Changpeng Zhao, believe that this development confirms the return of the bull market.

As such, the price of BNB could rise sharply from there. Today, the price of this altcoin is $602.20. Based on the daily chart, the coin was able to reclaim this area after breaking out of the descending trendline on September 8.

However, despite the increase in Chaikin Money Flow (CMF), the chart below shows that BNB is overbought. This is because the CMF index reached 0.20, indicating the condition mentioned above.

Therefore, the price of BNB could decline in the short term. But before the end of October, the altcoin could surpass $700 and reach a new high near $725. However, traders need to be cautious. A lack of buying pressure next month could invalidate this forecast. In that case, BNB could fall to $564.