As the crypto market remains dynamic, investors are always on the lookout for promising altcoins with high growth potential, especially those trading under £1. These low-priced tokens offer the chance to accumulate significant holdings without a massive upfront investment, making them attractive for both new and experienced investors.
🔶Fantom (FTM) Poised for Breakout as Bullish Indicators Align
Fantom‘s price is currently hovering between £0.58 and £0.79, showing signs of consolidation. The 10-day Simple Moving Average is above the 100-day average (£0.68 vs. £0.66), suggesting a bullish trend. The Relative Strength Index stands at 58.51, indicating there’s room for upward movement before hitting overbought levels. With the MACD positive at 0.0061, momentum appears to favor the bulls. If Fantom breaks through the nearest resistance at £0.90, it could surge to the next level at £1.10, representing a potential increase of over 40% from current prices. As the market gears up for a possible altcoin season, Fantom might be ready to make significant gains.
🔶Mantle (MNT) Poised for Breakout as Altcoin Season Looms
Mantle (MNT) is trading between £0.56 and £0.62, showing signs of consolidation. The nearest resistance is at £0.66, with support at £0.52. The Relative Strength Index (RSI) is near neutral at 49.91, indicating a balance between buyers and sellers. The MACD is slightly negative but could turn positive with increased momentum. Despite recent declines over the past week (-7.16%) and month (-11.24%), the approaching altcoin season could boost interest in MNT. If it surpasses the first resistance, the next target is £0.73, which would be a notable increase from current levels. With the Simple Moving Averages close together, a shift in trend might be on the horizon.
🔶VeChain Poised for Breakout: Is a Rally to £0.0318 on the Horizon?
VeChain (VET) is trading between £0.0202 and £0.0248, showing signs of stabilizing after recent dips. The price is close to the 10-day and 100-day simple moving averages, hinting at a possible shift in trend. If VET can surpass the nearest resistance at £0.0272, it could climb toward the next level at £0.0318, marking a significant increase from current prices. The stochastic indicator is near oversold territory at 22.47, suggesting upward momentum may be building. With the anticipated altcoin season and a bullish crypto market ahead, VeChain has the potential to rise over 30% if it reaches the second resistance level. The stage might be set for VET’s next big move.
🔶Ondo (ONDO) Primed for Growth Amid Signs of Altcoin Season
Ondo (ONDO) is trading between £0.61 and £0.81, showing stability after recent declines of around 18% over the past month. The RSI at 44.57 suggests there’s room for upward movement before entering overbought territory. With the nearest resistance at £0.93, breaking this level could see ONDO targeting the next resistance at £1.14, representing a potential gain of over 40%. The SMA for 10 and 100 days are close, indicating a possible trend reversal. The MACD is only slightly negative at -0.0008, hinting at a potential bullish crossover. As the crypto market gears up for an altcoin rally, ONDO could see significant price appreciation.
🔶Conclusion
The crypto market’s affordability threshold provides unique access to coins under £1, each showing strong potential to capitalize on the anticipated bull run. From DeFi innovations like ZDEX to solidifying players like Fantom, Mantle, VeChain, and Ondo, these tokens represent a mix of groundbreaking technology, growing adoption, and favorable technical indicators. As October unfolds, these low-cost, high-potential investments could yield substantial returns, making now an ideal time to explore and strategically position within this segment of the market.
