3 Overlooked Altcoins That Hold Strong Potential for November

October was marked by speculation around Bitcoin reaching a new all-time high and meme coins experiencing impressive rallies.

As Bitcoin (BTC) and meme coins stole the show in October with new all-time highs and impressive rallies, respectively, certain altcoins went largely unnoticed. While the broader altcoin season may not be on the cards right now, some crypto tokens could still note a rise.

Speaking to BeInCrypto exclusively, Victor Tan, Founder and CEO of TrinityPad, had this to say on the matter.

“While select altcoins with strong utility may still experience growth, the broader altcoin season appears subdued, with investors largely shifting their focus toward established assets. As a result, altcoins are more likely to see selective growth driven by specific use cases rather than a broad market rally.”

BeInCrypto has analyzed three of these overlooked tokens that, while they may have been missed in October, hold strong potential for November.

Virtuals Protocol (VIRTUAL)

VIRTUAL emerged as one of October’s top-performing AI tokens, notching up a 568% rally throughout the month. This uptrend saw VIRTUAL climb to a new all-time high at $0.51, garnering attention in the altcoin market and highlighting its growth potential among investors.

Interestingly, despite the uptrend, VIRTUAL has not faced substantial selling pressure, hinting at a continuation in its momentum. If the altcoin manages to successfully flip $0.51 into a support level, it could bolster VIRTUAL’s upward trajectory.

However, a bearish outlook would come into play if investors begin selling their VIRTUAL holdings en masse. Should VIRTUAL lose the $0.28 support, it risks a steeper drop toward $0.13, marking a significant decline. This level would act as a potential reset, impacting market confidence in the token’s growth.

Safe (SAFE)

Having recently printed a multi-month high at $1.80, SAFE went on to clock a 105% rally. However, the altcoin has faced increased selling pressure in the past week, notching a 22% loss. This correction reflects traders locking in profits, impacting SAFE’s short-term stability.

Despite the drop, SAFE has previously shown resilience in recovering from similar declines. Adding to its growth potential is the recent listing on Upbit, which has sparked renewed interest and may fuel a continued uptrend.

However, SAFE’s bullish outlook could face a setback if it loses the $1.10 support level. Falling below this threshold risks a deeper correction toward $0.87, potentially challenging investor confidence. This decline would indicate a shift in sentiment, reinforcing caution among traders.

Turbo (TURBO)

TURBO’s price action is showing strong conditions for a parabolic curve trading pattern, hinting at the possibility of the altcoin doubling in price after forming a third base and testing it as support. If validated, this pattern often signals accelerated upward movement, positioning TURBO for significant growth in the coming weeks.

While a complete doubling may not be in the cards, TURBO could see gains similar to those since the pattern began, pointing to a possible 161% rise to $0.0243. This optimistic forecast aligns with TURBO’s current momentum, sparking interest among traders who are anticipating further increases.

Moreover, Turbo’s inclusion in Binance’s Futures Copy Trading platform bodes well for the altcoin. However, the bullish outlook could be invalidated if investors choose to sell, pushing the price below the critical $0.0084 support level and leading to a correction toward $0.0048.