3 altcoins that could reach ATH in the first week of November

The cryptocurrency market closed October with a downtrend, however, as we enter the new month, expectations for new highs have been rekindled in the investor community.

Coinphoton has conducted an analysis of three potential altcoins that have the ability to set new all-time highs thanks to investor support and favorable market conditions.

Memecore (M)

Memecore has consistently maintained a stable growth trend in recent days, regularly recording price increases. Currently, M is trading at $2.37 after encountering a resistance level around $2.50.

The Ichimoku Cloud indicator shows strong bullish momentum, signaling the potential for Memecore to continue growing in the near future. This altcoin is currently about 26% lower than its historic peak of $2.99. If it can decisively break through the resistance level of $2.71, buying pressure will be significantly boosted, opening up the opportunity for Memecore to establish a sustainable rally towards new records.

Price analysis of M | Source: TradingViewHowever, in the event of profit-taking activity, Memecore may face short-term adjustments. If the price falls below $2.26, selling pressure will increase, pushing the price down to lower support levels such as $2.12. This scenario will weaken Memecore's current bullish outlook.

Undead Games (UDS)

In recent weeks, the price of UDS has maintained a steady growth trend, reflecting the increasing confidence of investors. Currently, UDS is trading at $2.51 and facing a resistance level near $2.59.

Market sentiment remains very positive as UDS continues to attract investor interest throughout the past month without facing significant selling pressure. This stability sets the stage for continued growth in November, with a forecasted growth rate of around 15%. If the price surpasses the resistance level, UDS could approach the historical peak of $2.90.

UDS Price Analysis | Source: TradingViewHowever, if short-term selling pressure emerges, UDS may lose its current stability. Falling below the level of $2.48 could trigger a strong correction, pushing the price down to the support area of $2.29 and weakening the bullish outlook.

Railgun (RAIL)

Railgun stands out as one of the fastest-growing altcoins this month, currently trading at $3.34. If the price bounces from the support area of $3.21, buying pressure may be reactivated. In the event that upward momentum continues, RAIL has the potential to surpass the $4.02 mark, confirming a strong bullish trend in the short term.

The Parabolic SAR indicator is currently below the candles, indicating that the upward trend is still dominant for RAIL. This setup opens up the possibility for the price to reach the historical peak of $7.10, which is an increase of about 112% from the current level. After growing 49% just in the past week, RAIL can absolutely continue its upward momentum if the optimistic sentiment of investors is maintained.

RAIL Price Analysis | Source: TradingViewHowever, if there is instability in investor sentiment, short selling activities may occur. In the case that the price does not hold the support level of $3.21, RAIL risks deeper correction, falling to the $2.49 area – a key demand zone. If the downward momentum continues to increase, the current growth outlook of RAIL will be negated.

Mr. Giáo