The post How the Crypto Market Could Perform In October, Top Tokens To Watch! appeared first on Coinpedia Fintech News
Despite increased market turmoil, the crypto space concluded September on a bullish note. With a potential bullish Uptober, the crypto market hints at a positive Q4! Further, with top altcoins regaining momentum, the crypto space also speculates a potential AltSeason.
With increased volatility in the crypto space, investors are entering into a FOMO-like situation. To clear all doubts, in this article, we have covered the top 3 crypto projects that are on the verge of achieving a new All-time High (ATH).
Bitcoin (BTC)
Despite recording a neutral price action in the past week, the BTC price has jumped over 10% during the past month. Moreover, it has surged 51.55% this year, highlighting a long-term bullish sentiment. With a trading price of $63,988.38, it is currently valued at $1.26 Trillion.
The Relative Strength Index (RSI) displays a bullish curve above the neutral point in the 1D time frame. Moreover, the EMA 50/200-day shows a bullish rise, suggesting a high possibility of a positive rebound in the coming time.
If a trend reversal occurs, the Bitcoin price will retest its resistance trendline of the channel pattern. Moreover, a successful breakout could result in it heading toward a new ATH in the coming time. However, if the bears regain power, the BTC price could retest its low of $60k.
Curious if the BTC price will hit $100k by the end of 2024? Read our Bitcoin Price Prediction for insights!
Binance (BNB)
The BNB coin price continues trading in a consolidated range between $454.5 and $635 since June. This indicates a strong selling point for the altcoin at its resistance level. However, it has soared ~86% this year, suggesting a bullish outlook in the coming time.
The EMA 50/200-day supports the Binance price chart in the 1D time frame. However, the MACD indicator has experienced a rising red histogram with a bearish reversal in its averages. This highlights a mixed price action for the 4th largest cryptocurrency in the market.
If the market favors the bulls, the BNB coin price could retest its important resistance level of $635 during the upcoming weeks. On the flip side, if the bearish sentiment intensifies, it could retest its support level of $543.
Sui (SUI)
The SUI coin price continues gaining momentum by adding 8.03% in the past 24 hours with a trading volume of $845.91 million. Further, it has jumped 22.51% over the past week and 138.41% during the last 30 days. With a market cap of $5.22 billion, it has secured the 20th position.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram in the SUI price chart. Furthermore, the SMA indicator constantly supports the price trend. This suggests that the SUi price will continue gaining value this week.
If the bulls continue to dominate the crypto space, this could result in the SUI crypto price retesting its ATH of $2.1850 this month. Conversely, if the bears regain power, the altcoin could retest its low of $1.60.
