October A very strong start, with many cryptocurrencies, including Bitcoin, setting new all-time highs. Amid the chaos, however, some altcoins are being overlooked has the potential to record profits.
TinTucBitcoin has analyzed three such altcoins to watch this week. They have some important developments on the horizon, which could trigger a price explosion.
Aptos (APT)
Aptos is benefiting from an extremely bullish week, its price has increased 35% to reach $10.72. The altcoin is currently aiming to consolidate support at the 61.8% Fibonacci Retracement mark, or $11.64, which could strengthen the bullish momentum and attract more interest from investors.
Today, Aptos unlocked 11.31 million APT Tokens worth $121 million, but the move did not cause a significant price drop. This resilience shows solid investor confidence in Aptos, which could drive sustained returns as the altcoin shows strength amid increased circulating supply.
However, if Aptos fails to clear the $11.64 resistance, a retracement to $9.79—in line with the 50% Fibonacci level—is possible. Loss of this support could shift sentiment, invalidating the bullish outlook and suggesting the possibility of a short-term price correction.
dYdX (DYDX)
The price of dYdX has skyrocketed 38% this week, though remains within the consolidation range established in August, keeping the altcoin below $1.33. Investors are watching closely for signs of a breakout, as sustained profits are needed to confirm a stronger uptrend.
The recent approval of a proposal from the dYdX community foundation established the dYdX Treasury SubDAO. This was followed by a vote to transfer 45 million DYDX to support a new staking program. These actions reflect strong momentum in governance, paving the way for positive future growth for this asset.
This positive development is likely to attract more attention and investment, which could push dYdX above the $1.33 resistance. If the altcoin breaks above this level, an uptrend is possible. However, if it cannot escape the consolidation, dYdX will continue to be held in its current range.
Artificial Superintelligence Alliance (FET)
The price of FET has increased 28.5% this week, bringing the altcoin back above the key support level at $1.40. The next resistance is at $1.71, which if surpassed could push FET towards the $2.00 mark, signaling strong growth.
This week is a defining moment for FET, with the Super Intelligence Summit on Monday highlighting leading AI-powered crypto projects, including the Artificial Superintelligence Alliance. Such events often attract investor interest, and FET could benefit from increased attention to artificial intelligence-based blockchain technologies.
An optimistic outcome from the conference could push the price of FET to $1.71 or higher. However, if FET cannot overcome this resistance, the altcoin could retreat to $1.40 or lower, weakening the bullish outlook and suggesting possible price stabilization.