The cryptocurrency market remained weak until October, but as the new month begins, investors’ expectations for new highs are rising.
BeInCrypto analyzed three altcoins that have the potential to reach new all-time highs with support from investors and market conditions.
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Memecore (M)
Memecore price has consistently shown upward momentum over the past few days, recording a gradual and steady increase. The altcoin is currently trading at $2.37 after facing resistance near $2.50.
The Ichimoku cloud indicator suggests strong bullish momentum, indicating that Memecore may continue to rise further. The altcoin is about 26% below its all-time high of $2.99. A decisive break above the $2.71 resistance level could accelerate buying pressure and sustainably push M price towards record levels.
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Memecore could face a short-term correction if profit-taking begins. A decline below $2.26 could put the altcoin under further downward pressure, potentially pushing it below $2.12. This scenario would invalidate the current bullish outlook.
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Undead Game (UDS)
UDS prices have maintained a steady upward trend in recent weeks, reflecting growing investor confidence. Currently trading at $2.51, the altcoin faces immediate resistance at $2.59.
Investor sentiment remains particularly positive as UDS continued to attract interest throughout the month while avoiding significant selling pressure. This resilience could support further gains heading into November, with forecasts suggesting a 15% upside potential. The breakout could propel the token towards an all-time high near $2.90.
However, if short-term selling pressure occurs, UDS could lose its current stability. A decline below $2.48 could trigger a sharper correction and push the price towards the support at $2.29. Such a move would invalidate the bullish outlook.
Railgun (RAIL)
RAIL has emerged as one of the fastest growing altcoins this month and is currently trading at $3.34. A possible rebound from the $3.21 support level could trigger fresh buying pressure. If momentum gains, RAIL price could rise above $4.02, suggesting a continuation of the strong short-term bullish trend.
The Parabolic SAR indicator is currently located below the candlestick, confirming an active uptrend for RAIL. This setup supports a potential rally towards an all-time high of $7.10, about 112% above current levels. RAIL has already soared 49% this week, but the gains could widen if investors remain optimistic.
However, uncertainty among investors could cause a short-term sell-off. If RAIL price fails to hold the support at $3.21, a more severe correction could follow. The altcoin could fall towards $2.49, and stronger bearish momentum could test a key demand zone and invalidate the current bullish outlook.
