Last week, there are no strong bullish clues that prevent altcoins from reaching their all-time highs. However, the previous weekend pulled BTC back over $110,000, bringing back a plus week of hope.
Therefore, Beincrypto analyzed three such Altcoins, where new all-time highs can be seen when October begins.
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BNB
The BNB price is trading at $1,010, just 7.2% off the all-time high of $1,083. Altcoin recently regained its $1,000 mark after skiing down last week, marking an important psychological level where investors are closely watching the current bullish strength.
The main challenge for BNB is to maintain momentum above $1,000. This requires consistent investor support. Encouragement, a 50-day EMA sitting under a candlestick indicates that a strong upward movement may be ahead. This setup suggests that BNB can retest the ATH and extend the price to $1,100 to form a new high.
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However, if BNB cannot defend its $1,000 support, there is a risk of deeper fixes. A slip below $955 causes bearish feelings, pushing Altcoin down to another $902. Such a decline would invalidate bullish papers.
Mantle (MNT)
The MNT price is trading at $1.74, slightly above the $1.71 support level. This threshold has been acting as a resistance for more than two weeks. This confirms support as important for MNT’s next breakout and confirms potential gatherings to a higher level in the short term.
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If MNT secures $1.71 in support, Altcoin can bounce back and head for an all-time high of $1.91. To achieve this milestone, meetings of over 9.4% are required. This is possible given the sentiment and technical strength of the current market that supports the price structure of MNT.
However, if MNT falls below $1.71, the token can continue consolidation above $1.59. Loss of this important support can show weakness and invalidate bullish papers. A breakdown of less than $1.59 exposes MNT to deeper losses.
Myx Finance (Myx)
Myx appears to be ready to aim for a new high 24.8% off the next resistance. Altcoin has secured $14.41 as a strong support level, giving investors confidence that upward momentum could continue if broader market conditions meet bullish sentiment.
Further gatherings will depend on both market support and investor activities. If Momentum is built, Myx can retest and surpass its all-time high of $19.98. If it breaks past this critical resistance level, it opens the door for travel to $22.00, indicating a stronger rise in the short term.
However, if Myx can’t maintain $14.41 in support, the bullish outlook could soon collapse. Altcoin risks returning to $10.54, which marks a significant retracement. Losing this level of support will invalidate bullish papers.
