The crypto market is entering its busy season, and this week will be one of the most notable for altcoins. Network upgrades, ETF decisions, and major token unlocks are setting the tone as traders seek new momentum after October’s wild swings.
Three altcoins to watch this week are flashing clear preferences. Some are hinting at recovery, while others are testing major support. From structural upgrades to regulatory catalysts, this week’s events could determine whether altcoins extend the rally or face another correction.
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Coti (COTI)
First on our list of altcoins to watch this week is COTI, which completed its hydrogen upgrade just a few hours ago. This upgrade is intended to improve speed, scalability, network security, and give COTI a stronger foundation for growth.
Since its introduction, COTI has risen nearly 7%, suggesting early optimism among traders. On the chart, the token is trading between $0.037 and $0.031.
The first significant breakout level is $0.040, approximately 15% above the current price. Above this, COTI could head towards the next major resistance zone at $0.055.
From October 11th to 19th, prices formed lower lows while the RSI or Relative Strength Index indicator (a tool that tracks buying and selling momentum) formed higher lows, creating a bullish divergence. If the network maintains speed and stability after the upgrade, that divergence could drive a short-term reversal.
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If the price falls below $0.031, the bullish outlook will fade and COTI could test new lows. Still, COTI remains one of the altcoins to watch this week as its fundamentals improve and the charts show signs of recovery.
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Cardano (ADA)
Cardano is one of the top altcoins to watch this week, with the ETF buzz giving this project a clear near-term impetus. The odds of approval for the US Spot Cardano ETF have risen to 89%, with a final SEC decision expected by October 26th.
If approved, it would be a watershed moment for ADA, allowing for institutional exposure similar to Bitcoin and Ethereum ETFs.
On the chart, Cardano is still trading within an ascending channel and receiving support from the lower trendline. The last three daily candles have shown renewed buying interest, suggesting that the strength behind the recent rally is not misplaced. Perhaps influenced by ETF optimism.
The key resistance level to watch is $0.73, which ADA needs to break for confirmation of near-term strength. Above this zone, ADA could move towards $0.86, a level that has been the upper bound of multiple bull runs since late September.
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A close above $0.86 could set up a breakout towards $1.12-$1.14, breaking the upper end of the channel and opening room for new highs.
From current levels, ADA would need to rise approximately 29% to reach $0.86. If ETF approval passes and market sentiment remains positive, the move looks plausible. However, once the support at $0.61 breaks, $0.59 and $0.50 will appear, potentially invalidating the bullish setup.
Cardano remains one of the most important altcoins to watch this week, as expectations for the ETF are rising and the technicals are in line. Both in terms of breakout potential and how it reflects broader market demand for regulatory-backed exposure to cryptocurrencies.
Toncoin (TON)
Toncoin is another strong contender for altcoins to watch this week, according to DefiLlama data. The main reason is the $80 million token unlock scheduled for October 23rd.
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Unlocking tokens of this magnitude often creates short-term uncertainty as new supply enters circulation and selling pressure can increase.
Despite the impending unlock, Toncoin has risen nearly 6% in the past 24 hours. This shows remarkable resilience and broader market performance.
Still, chart structure remains cautious. TON is trading within a descending triangle. And this is usually a pattern that indicates indecision or a potential decline if a major support (base) breaks down.
The important Fibonacci levels (base) to look at are $2.15, $1.77, and $1.30. At the moment, $2.15 acts as strong support. If this level is broken, TON could fall to $1.70, which could result in a 21% correction, and if momentum weakens, TON could fall further to $1.30.
On the other hand, a recovery and sustaining of $2.53 could invalidate the bearish outlook and pave the way for a rally towards $3.07.
