Top Altcoins to Stack in October for 10x Profits
The post Top Altcoins to Stack in October for 10x Profits appeared first on Coinpedia Fintech News
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 of demand, these altcoins are preparing 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. So, let’s take a quick look at the price chart of our altcoin picks.
Top Altcoins to Stack in October:
SushiSwap (SUSHI)
With the DeFi market making a comeback, the SUSHI token is likely to skyrocket with the boom in activity over decentralized exchanges. The Sushiswap has a market cap of 226.1 billion and has increased by 14.41% in the past 24 hours.
Furthermore, the recovery rally has surpassed the 200-day EMA, marking a bullish turnaround. In the daily chart, the recovery run has surpassed the $0.85 mark and is challenging the 23.60% Fibonacci level at $0.88.
Also, in the short term, it teases a rounding-bottom reversal with a neckline at the 23.60% Fibonacci level. The bullish turnaround in the 50-day EMA teases a potential golden crossover. Sushiswap has the potential to hold a 10x rally in October.
TRIBE (TRIBE)
With a market cap of $251 million, the TRIBE token has increased by 15.35% in the past 24 hours. In the weekly chart, the TRIBE token reveals a massive recovery, reclaiming dominance over the 50-week EMA.
Despite facing opposition from the 23.60% Fibonacci level at $0.64, the TRIBE token is regaining bullish dominance despite being under the $0.50 psychological mark. As the token prepares for a bullish comeback, the impressive rally in 2023 and early 2024 reveals massive underlying potential.
Based on the Fibonacci levels, the optimistic upside target for the TRIBE token stands at $2.2272 from the current market price. Meanwhile, the broader market push in the October rally could propel the altcoin for a 10x rally.
Check out Coinpedia’s Dogecoin price prediction to learn about the biggest meme coin, DOGE, targets in 2024.
SAFE (SAFE)
Despite being in a clear-cut downtrend, the SAFE token finally marks out crucial support at $0.64. With 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 increased by 55% within two weeks. Heading towards the 100-day EMA and the 23.60% Fibonacci level at $1.12, the bullish reversal is gaining momentum.
Furthermore, the recent $1.01 psychological mark reclamation teases a massive trend reversal rally. Based on the Fibonacci level, the altcoin will likely scale to the pinnacle 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.
