3 Altcoins That Could Reach All-Time Highs This Weekend

What Happened

SKY now trades 3.83% below its $0.09009 peak. This analysis uses the April 26 high as SKY’s record, excluding volatile post-launch trading in 2024.

Market Context

BTW has extended its September rally, climbing roughly 24-fold from about $0.06 in late July. Price now tests the upper boundary of an expanding megaphone pattern on the daily chart.

This bearish divergence suggests buying momentum is fading. Volume has also thinned since the mid-August spike.

The token has since cleared two key Fibonacci levels, 0.382 at $0.06444 and 0.618 at $0.07424. Breakout volume is cooling, although it remains relatively high.

Unlike all three tokens in the previous edition, LEO shows emerging bullish divergence. Price made a marginally lower low in late September, while the RSI formed a higher low.

Why It Matters

A daily close above the megaphone’s upper line could open a path to $1.6941, the 1.272 Fibonacci extension, 15.6% higher. Beyond that, the 1.618 extension sits at $2.1384.

If the divergence plays out, $1.3448 is the first support. A deeper correction could reach the 0.618 to 0.5 Fibonacci zone between $0.8543 and $0.7028.

On the downside, the 0.786 level at $0.08121 is the first support, 6.3% lower. Losing it could expose $0.07424. Readers can compare these levels with the longer-term SKY forecast.

The RSI now reads 44.6 and is rising. A bounce from support could target the 0.236 level at $9.488, 6% higher, followed by the July and August highs near $9.80.

Clearing those levels would put the $10.428 record in view. However, a daily close below $8.85 would invalidate the setup and could send LEO toward the 0.5 Fibonacci level at $8.4364.

The post 3 Altcoins That Could Reach All-Time Highs This Weekend appeared first on BeInCrypto.

Details

Altcoins below all-time highs: Bitway (BTW), Sky (SKY), and LEO Token (LEO) trade between 1.44% and 14.17% below their record highs heading into the weekend. BTW set a fresh peak of $1.4862 earlier on October 2.

Momentum is split, however. BTW shows bearish divergence at its peak, SKY holds a fresh breakout, and LEO flashes bullish divergence at support.

BTW Sits 1.44% Below Its ATH as Momentum Fades

However, the Relative Strength Index (RSI) tells a weaker story. Since September 13, BTW has printed three higher highs while the RSI formed lower highs, slipping from about 80 to 70.

SKY Sits 3.83% Below Its April Record

SKY broke above a descending trendline drawn from its April 26 high on September 24. The breakout ended a five-month downtrend.

The RSI also broke its own descending trendline and retested it as support on September 30. That keeps the momentum shift intact.

LEO Looses 14.17%

LEO rests on the 0.382 Fibonacci retracement at $8.906, inside a support zone between $8.85 and $8.98. This area has repeatedly acted as support or resistance since February. LEO now trades 14.17% below its April 26 record.