The cryptocurrency market is gearing up for a pivotal week, making it essential for altcoin observers. With network upgrades, ETF decisions, and significant token unlocks, traders are seeking new momentum following the volatility seen in October.
This week, three altcoins stand out with notable setups—some are showing signs of recovery, while others are testing critical support levels. Various factors, from structural enhancements to regulatory developments, could determine whether altcoins continue their upward trajectory or face another downturn.
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COTI (COTI)
The first altcoin on the radar this week is COTI, which recently completed its Hydrogen upgrade. This upgrade aims to enhance speed, scalability, and network security, providing a stronger basis for growth.
Since the upgrade’s initiation, COTI has experienced an increase of nearly 7%, indicating early trader optimism. The token is currently trading between $0.037 and $0.031.
The primary breakout level to watch is $0.040—approximately 15% above its current price. A breakthrough here could propel COTI toward the next key resistance at $0.055.
From October 11 to 19, the price formed a lower low while the RSI (Relative Strength Index) created a higher low, signaling a bullish divergence. If the network retains its speed and stability post-upgrade, this divergence could stimulate a short-term reversal.
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If the price falls below $0.031, the optimistic outlook diminishes, and COTI may test new lows. However, with improved fundamentals and signs of recovery, COTI remains a key altcoin to observe this week.
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Cardano (ADA)
Cardano is another important altcoin to monitor this week, buoyed by excitement surrounding potential ETF approvals. The chances of a US spot Cardano ETF being approved have risen to 89%, with the SEC’s final decision expected by October 26.
Approval would mark a significant milestone for ADA, providing institutional access similar to that of Bitcoin and Ethereum ETFs.
Chart-wise, Cardano continues to trade within an ascending channel, receiving support from the lower trend line. The last three daily candles indicate renewed buying interest, suggesting the strength of the recent rally is valid and possibly fueled by ETF speculation.
The primary resistance to watch is $0.73, which ADA must surpass to confirm short-term strength. A break above this level could see ADA reach $0.86, a zone that has restricted numerous rallies since late September.
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A close above $0.86 could pave the way for a breakthrough toward $1.12–$1.14, surpassing the channel’s upper boundary and allowing for new highs.
From current positions, ADA would need around a 29% increase to hit $0.86. If ETF approval occurs and market sentiment remains favorable, that rise seems feasible. However, if support at $0.61 is breached, levels of $0.59 and $0.50 may come into view, negating the bullish scenario.
With rising ETF anticipation and favorable technical signals, Cardano is among the most crucial altcoins to watch this week—both for its breakout potential and as a reflection of the market’s appetite for regulatory-compliant crypto exposure.
Toncoin (TON)
Toncoin is another leading candidate among the altcoins to watch this week, primarily due to an upcoming $80 million token unlock set for October 23, per DefiLlama data.
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Token unlocks of this magnitude often introduce short-term uncertainty, as new supply becomes available and may elevate selling pressure.
Despite the impending unlock, Toncoin has risen nearly 6% in the past 24 hours, demonstrating significant resilience and even outperforming the broader market.
Nonetheless, the chart structure requires caution. TON is currently navigating a descending triangle, typically indicative of uncertainty or potential declines if critical support levels falter.
Notable Fibonacci levels to monitor are $2.15, $1.77, and $1.30. At present, $2.15 serves as a robust support level. If breached, TON could drop to $1.70, signaling a potential 21% correction, and possibly down to $1.30 if negative momentum prevails.
Conversely, reclaiming and maintaining levels above $2.53 could invalidate the bearish outlook and set the stage for a rally toward $3.07.
