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Cryptocurrency News Articles
Top Altcoins to Stack in October for 10x Profits: SUSHI, TRIBE, and SAFE
Sep 29, 2024 at 04:30 pm
As the bull run in the crypto market is picking up pace, multiple low-cap altcoins are rising back from hibernation. With the massive influx
As the crypto bull run gains momentum, several low-cap altcoins are emerging from hibernation. With the increasing demand, these altcoins are poised for moonshot rallies in the upcoming bull run.
Based on previous bull runs, here are the top altcoins to stack in October for 10x Profits. Let’s quickly analyze the price charts of our selected altcoins.
Top Altcoins to Stack in October
1. SushiSwap (SUSHI)
With the DeFi market making a comeback, the SUSHI token is set to skyrocket as activity booms on decentralized exchanges. Sushiswap has a market cap of 226.1 billion and has risen by 14.41% in the past 24 hours.
Moreover, the recovery rally has crossed the 200-day EMA, indicating a bullish reversal. On the daily chart, the recovery run has breached the $0.85 mark and is encountering resistance at the 23.60% Fibonacci level at $0.88.
In the short term, it also forms a rounding-bottom reversal with a neckline at the 23.60% Fibonacci level. The bullish reversal at the 50-day EMA hints at a potential golden crossover. Sushiswap has the potential to sustain a 10x rally in October.
2. TRIBE (TRIBE)
With a market cap of $251 million, the TRIBE token has risen by 15.35% in the past 24 hours. On the weekly chart, the TRIBE token shows a massive recovery, regaining dominance over the 50-week EMA.
Although facing resistance at the 23.60% Fibonacci level at $0.64, the TRIBE token is regaining bullish momentum, trading below the $0.50 psychological mark. As the token prepares for a bullish comeback, the strong rally in 2023 and early 2024 reveals significant underlying potential.
Based on the Fibonacci levels, the optimistic upside target for the TRIBE token is $2.2272 from the current market price. Meanwhile, the broader market push in the October rally could set the altcoin up for a 10x rally.
Check out Coinpedia’s Dogecoin price prediction to learn about the biggest meme coin, DOGE, targets in 2024.
3. SAFE (SAFE)
In a clear downtrend, the SAFE token finally marks out crucial support at $0.64. Forming a double bottom reversal from this crucial support level, the SAFE token gives a bullish breakout of a falling channel pattern.
Concluding the declining trend, the altcoin has risen by 55% within two weeks. Surging towards the 100-day EMA and the 23.60% Fibonacci level at $1.12, the bullish reversal is gaining momentum.
Moreover, the recent breakout at the $1.01 psychological mark hints at a massive trend reversal rally. Based on the Fibonacci level, the altcoin is set to climb to the apex of the falling channel pattern at $2.68. With a broader market push in the October rally, the SAFE token shows potential for a 10x surge.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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