Top 3 altcoins that could reach ATH in the first week of October

In the past week, the lack of strong bullish signals has caused some altcoins to be unable to reach their all-time highs (ATH). However, Bitcoin (BTC) has now bounced back above 111,000 USD, restoring hope for a positive trading week ahead.

Based on BeInCrypto's analysis, here are three altcoins with the potential to reach new all-time highs as October begins.

BNB

The current price of BNB is trading at 1,010 USD, just 7.2% away from its all-time high of 1,083 USD. This altcoin has bounced back above the 1,000 USD mark after dropping below this level last week, marking an important psychological threshold that investors are closely monitoring to determine sustainable bullish strength.

The biggest challenge for BNB is to maintain momentum above 1,000 USD, which requires continuous support from investors. Encouragingly, the 50-day moving average lies below the price candles, indicating that a strong rally may be imminent. This structure suggests that BNB has the potential to retest its all-time high and may push the price up to 1,100 USD, creating a new high.

BNB Price Analysis | Source: TradingViewHowever, if BNB cannot defend the support level of 1,000 USD, the risk of a deeper correction will arise. A drop below 955 USD could trigger bearish sentiment, pushing this altcoin down to 902 USD. Such a decline would invalidate the bullish hypothesis.

Mantle (MNT)

The price of MNT is currently trading at 1.74 USD, slightly above the support level of 1.71 USD. This level has acted as a resistance for over two weeks, confirming that it is an important support level for the next breakout of MNT and the potential bullish movement towards higher levels in the near future.

If MNT holds steady at 1.71 USD as support, this altcoin could bounce back and aim for an all-time high of 1.91 USD. To reach this milestone, a bullish move of over 9.4% is required, which is entirely feasible based on the current market sentiment and the technical strength supporting MNT's price structure.

Price analysis of MNT | Source: TradingViewHowever, if MNT drops back below 1.71 USD, this token may continue to consolidate above the 1.59 USD level. Losing this important support level will signal weakness, potentially invalidating the bullish hypothesis. A drop below 1.59 USD will put MNT at risk of deeper losses.

MYX Finance (MYX)

The price of MYX seems to be heading towards a new high, currently sitting 24.8% away from the next resistance level. This altcoin has held strong at 14.41 USD as a solid support level, giving investors confidence that the bullish momentum may continue if overall market conditions align with optimistic sentiment.

The next bullish wave will depend on both market support and investor activity. If positive momentum is maintained, MYX has the potential to retest the all-time high of 19.98 USD and surpass this level. Breaking through the important resistance level will open up opportunities for a move towards 22.00 USD, signaling strong bullish potential in the near future.

MYX price analysis | Source: TradingViewHowever, if MYX cannot maintain 14.41 USD as support, the bullish outlook could quickly collapse. This altcoin is at risk of dropping back to 10.54 USD, marking a significant correction. Losing this support level will invalidate the bullish hypothesis.

Mr. Giáo