Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024

Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024

CoineditionCoinedition2024/09/12 16:00
By:Maxwell Mutuma
  • FET is nearing critical support levels, and a break below $1.33 may signal further decline.
  • NEAR is showing bullish potential, with holding above $4.11 potentially leading to a test of $4.25.
  • ICP faces resistance at $8.45, and a price hold above $8.30 could indicate consolidation.

For October outlook, several altcoins are catching the eye of investors due to their price action and technical signals evidenced in September. Let’s take a closer look at Artificial Superintelligence Alliance (FET), NEAR Protocol (NEAR), Internet Computer (ICP), and Render Token (RNDR).

Artificial Superintelligence Alliance (FET): Navigating Bearish Waters

Artificial Superintelligence Alliance , as at press time priced at $1.34 , is experiencing a slight downturn, with a 5.69% drop in the past 24 hours. The price is nearing critical support levels. Immediate support appears at $1.33, and a deeper level lies around $1.30. 

Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 0 Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 1 Source: Coinmarketcap

If FET falls below these levels, further declines could be anticipated. On the upside, resistance is initially at $1.42, with a more substantial barrier at $1.45. A breakout above $1.42 could signal a reversal, pushing the price towards $1.45.

NEAR Protocol (NEAR): A Glimpse of Bullish Potential

NEAR Protocol is showing positive momentum, trading at $4.18 with a daily increase of 1.58%. The price is supported by levels around $4.11 and $4.00. Should NEAR stay above $4.11, it could challenge the $4.25 resistance. A breach of this level might propel the price towards $4.30. 

Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 2 Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 3 Source: Coinmarketcap

However, a dip below $4.11 could lead to a test of the $4.00 support. The trend over the past day suggests a mild bullish phase, indicating that buyers are actively engaging.

Internet Computer (ICP): Facing Resistance

Internet Computer is currently priced at $8.30 , down by 1.61% in the last 24 hours. Support is identified around $8.30, with a stronger level at $8.20. If the price falls below $8.20, it could test the $8.00 mark, where buyer interest might increase. 

Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 4 Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 5 Source: Coinmarketcap

Resistance is seen at $8.45 and $8.55. The overall trend is bearish, with lower highs and lows forming. However, a price hold above $8.30 could signal consolidation and a possible rebound towards $8.45.

Render Token (RNDR): Testing Critical Support

Render Token trades at $5.11, reflecting a 1.56% decrease. The current support is at $5.10, with a psychological level around $5.00. If RNDR drops below $5.10, it may test the $5.00 support. 

Read also: Altcoin Rally: TON, ONDO, TRX, WIF, and RNDR Outperform Market

Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 6 Altcoin Price Watch: FET, NEAR, ICP, RNDR Outlook for October 2024 image 7 Source: Coinmarketcap

Resistance lies at $5.25, where selling pressure has been observed. The transition from a bullish to bearish phase is evident, reflecting a shift in market sentiment.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MAJORUSDT now launched for futures trading and trading bots

Bitget has launched MAJORUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 28, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. MAJORUSDT-M perpetual futures: Parameters Details Listi

Bitget Announcement2024/11/28 13:01

Pump Science apologizes after GitHub key leak leads to fraudulent tokens

Share link:In this post: The DeSci platform Pump Science has warned its users not to trust any tokens launched using its Pump.fun profile. Pump Science said it would never launch its tokens on Pump.fun. While Pump Science holds BuilderZ partially responsible for the security breach, it does not think BuilderZ was the attacker.

Cryptopolitan2024/11/28 12:33