4 Altcoins Set for Potential All-Time Highs in October

The cryptocurrency market saw a robust surge throughout September, with most digital assets experiencing consistent upward momentum. 

As we head into October, several altcoins stand out with the potential to break past their previous peaks. Let’s examine the key trends and technical movements that could push these cryptos to new all-time highs in the coming month.

Pendle (PENDLE): Poised for a Breakout

Pendle’s price movement has been highly volatile since its all-time high of $7.54 in April. Following a deep retracement to $1.78 in August, PENDLE has reversed its course, creating strong bullish momentum. 

Source: Valdrin Tahiri/Trading View

A key indicator of this shift is the breakout from its descending resistance trend line. Furthermore, the Relative Strength Index (RSI) on the 3-day chart has already surged past 50, a signal that price often follows with a breakout.

Adding to the positive outlook is the resemblance of PENDLE's chart to a completed A-B-C corrective structure, which typically signals the end of a downturn. The next target lies at $11.10, formed by the 1.61 Fibonacci retracement level, making PENDLE a strong candidate for a new all-time high in October.

Sui (SUI): Approaching Key Resistance

Sui has been riding a bullish wave since breaking out from a descending parallel channel in August. After successfully flipping the $1.32 resistance into support, the path seems clear for further gains. 

Source:  Valdrin Tahiri/Trading View

With the RSI and MACD indicators both trending upwards and no bearish divergences in sight, SUI is likely to approach its previous all-time high of $2.18.

In a strong bullish scenario, SUI could even extend to $3.25, driven by the 1.61 Fibonacci retracement level. If this momentum holds, October could see SUI pushing into new price territory.

Arkham (ARKM): Post-Correction Rally

Arkham (ARKM) has been in a correction since March but appears to have completed its downtrend with a low of $0.75 in August. Following this, ARKM broke through its descending resistance, a move validated by a bullish divergence on the 3-day RSI. This breakout signals that the correction is over, and the price is now in an impulsive upward phase.

Source:  Valdrin Tahiri/Trading View

With further increases likely, the next resistance level is $2.65. If ARKM can maintain this bullish momentum, a steady climb toward a new all-time high is entirely plausible.

OriginTrail (TRAC): Breaking Long-Term Resistance

TRAC has shown promising signs of a bullish reversal after a sustained decline from its yearly high in March. The price recently broke out of a descending parallel channel, a technical pattern that often indicates the start of a new bullish cycle. A notable bullish divergence on the RSI, similar to what was seen with CELO, strengthens the case for continued upward movement.

Source:  Valdrin Tahiri/Trading View

If the rally continues, TRAC is likely to encounter its next major resistance between $1 and $1.13, with an eventual target of $1.54. The breakout suggests that TRAC could challenge its previous highs, making it a contender for significant growth in October.

Conclusion: October’s Bullish Outlook

With strong technical indicators and completed corrections, Pendle, Sui, Arkham, and OriginTrail are well-positioned to see significant gains in October. 

If the broader market maintains its bullish momentum, these altcoins could surpass their previous all-time highs, offering lucrative opportunities for investors seeking growth in the crypto space.

FAQ

Q: Which altcoins are expected to reach all-time highs in October?
A: The four altcoins with strong potential to hit new all-time highs in October are Pendle (PENDLE), Sui (SUI), Arkham (ARKM), and OriginTrail (TRAC), based on their recent bullish price movements and technical indicators.

Q: Why is Pendle (PENDLE) likely to break out?
A: Pendle has shown strong upward momentum after a low in August, breaking out of a descending resistance trend line. With the RSI also indicating strength, PENDLE is expected to reach a new high, targeting $11.10.

Q: How is Sui (SUI) performing in the market?
A: Sui broke out of a descending parallel channel in August and has been steadily climbing. It flipped the $1.32 resistance into support, with a potential move toward its all-time high of $2.18, possibly extending to $3.25.

Q: What makes Arkham (ARKM) a bullish contender?
A: Arkham completed a correction phase in August and broke out from its descending resistance. This, coupled with a bullish divergence in the RSI, points to the potential for a rise toward $2.65, and possibly a new all-time high.

Q: What are the price targets for OriginTrail (TRAC)?
A: After breaking out of a long-term descending parallel channel, TRAC is targeting the $1 to $1.13 resistance zone, with a further potential rise to $1.54 if the bullish momentum continues.

Q: What factors indicate these altcoins could hit new highs?
A: Each of these altcoins has shown strong bullish signals, such as breakouts from resistance levels, completed corrective patterns, and positive RSI indicators, suggesting they could continue to rise in October.