Historically, October has been a bullish month for the crypto market. As a result, many investors are on the lookout for lesser-known altcoins that could potentially deliver significant returns.

Some of these hidden gems have strong fundamentals and a growing community backing, making them worth following closely. In this analysis, we explore three under-the-radar altcoins showing promising signs of substantial growth in October.

1. Echelon Prime (PRIME)

Leading the list is Echelon Prime (PRIME), the native token of a DeFi and Web3 gaming project. A key reason for its inclusion is the rising trend of gaming tokens, expected to gain momentum throughout the month and beyond.

Built on Ethereum, PRIME’s price has surged by 35.39% over the past 30 days, primarily fueled by the recent unlocking of tokens. Moreover, on-chain data shows that many holders—who have held PRIME between 1 and 12 months—have refrained from selling, indicating strong confidence in both its short- and long-term potential.

On September 28th, PRIME’s price spiked above $12, breaking out of a descending triangle pattern. Although it has since retraced to $10.20, the Money Flow Index (MFI) suggests that significant capital is still flowing into the altcoin. This points to the possibility of a strong rebound.

Should this bounce occur, PRIME could surge by 70%, potentially hitting $17.25 before the month ends. Conversely, if it falls below the critical $10.17 level, the price could correct further to around $8.07.

2. Celo (CELO)

Ranked 159th by market cap, Celo (CELO) is built on Ethereum and focuses on real-world utility for stablecoins. On September 25th, Vitalik Buterin, co-founder of Ethereum, praised Celo for surpassing TRON in stablecoin activity, signaling increased user engagement with its Layer 2 project.

Additionally, Grayscale, a digital asset management firm, recently added CELO to its list of altcoins expected to perform well during Q4.

Technically, CELO saw a more than 50% rally within two weeks after forming an inverse head-and-shoulders pattern—a bullish reversal signal. Currently priced at $0.64, this pullback could be a temporary dip, with a likely rebound in the coming days.

If the rebound materializes, CELO could increase by 36%, targeting a price of $0.87 in October. However, if the price drops below $0.60, CELO could end the month in the red.

3. Aethir (ATH)

Aethir (ATH), a Decentralized Physical Infrastructure Network (DePIN) project, aims to optimize AI chip distribution. It also serves as a gaming token, further supporting the idea that AI and gaming-related altcoins could perform well in October.

Arthur Hayes, former CEO of BitMEX, seems to share this optimism, having shifted his investments into ATH recently. Technically, the 20-day Exponential Moving Average (EMA) has crossed above the 50-day EMA, signaling a bullish trend for the first time in a while.

Currently trading at $0.065, ATH’s "golden cross" formation indicates a potential uptrend. Should this continue, ATH could climb to $0.090 in the next month. However, if the 50-day EMA overtakes the 20-day EMA again, invalidating the bullish scenario, the price may drop to $0.053.

Conclusion

As October approaches, these three altcoins—PRIME, CELO, and ATH—show promising signs of upward momentum, driven by strong fundamentals and technical signals. However, as with any investment in the crypto space, volatility is always a factor, so it’s essential to approach with caution and monitor key price levels.