3 Altcoins That Could Reach All-Time Highs This Weekend

What Happened

WBT trades at $81.10, down 0.97% over the past 24 hours. The token needs an 8.4% gain to retake its $87.91 all-time high.

However, the daily chart looks increasingly bearish. WBT broke down from a parallel ascending channel on Oct. 7 (blue cirlce).

Momentum had faded even before the breakdown. RSI has posted lower highs since late August, while WBT set a higher high in September. WBT also featured in the September edition of altcoins for all-time highs series, when it traded closer to its record.

Market Context

A volume spike on Oct. 8 confirmed the move. The red bar broke above a descending volume trendline that began with the Aug. 21 breakout.

The Relative Strength Index (RSI) also lost an ascending support line that had held since early June. RSI now sits near 48 and is resetting, so the price could move in either direction.

A confirmed breakout could open the way to about $100 near the channel top. Above that, the 1.618 extension at $107.18 sits about 32% above the current price.

The daily chart looks bullish after a sharp reset. A three-drive bearish divergence (blue circles) built between Sept. 13 and Oct. 2, as price set higher highs while RSI posted lower highs.

RSI has reset and is climbing back into bullish territory near 65. However, it still trades below the descending trendline that has capped it since August. Volume has also stayed thin during the rebound, so the move lacks strong confirmation.

A daily close above that zone could open the way to the 1.618 extension at $2.14. That target sits about 42% above the current price.

RSI sits almost exactly neutral at 47.5. Meanwhile, volume has declined steadily since the Aug. 21 breakout, which suggests the market is waiting for its next move.

Why It Matters

Altcoins for all-time highs: WhiteBIT Coin (WBT), Bitway (BTW), and Hyperliquid (HYPE) trade between 8.4% and 14.3% below their record highs. Each could set a new ATH this weekend if key resistance levels give way.

However, the three daily charts send different signals. WBT has lost its uptrend, BTW is rebounding after a deep retest, and HYPE is holding a major support.

WBT Needs an 8.4% Gain, but a Channel Breakdown Clouds the Outlook

If WBT is rejected again, the nearest support stands at $75.05. That level marks the previous all-time high. Below it, the 0.618 Fibonacci retracement at $60.21 could act as the next floor.

HYPE is correcting into a major support and resistance area at the 0.786 Fibonacci level of $85.19. That zone also lines up with the midline of an ascending parallel channel that has held since May.

Details

To set a new record, WBT would first need to reclaim the channel’s lower boundary near $84 to $85. It would then need to clear the supply zone that tops out at the 1.272 Fibonacci extension at $87.79.

BTW Rebounds From a Fibonacci Retest With $2.14 in Sight

BTW trades at $1.51, up 9.37% over the past 24 hours. The token sits about 10.6% below its $1.67 all-time high.

That divergence played out on Oct. 3. BTW first tagged the 1.272 Fibonacci extension near $1.69 and then reversed sharply. On Bitget, the daily wick briefly reached about $1.71.

The pullback retested the 0.618 Fibonacci retracement at $0.854 on Oct. 4 (green arrow). That level held, and BTW has since reclaimed the 1.0 Fibonacci level at $1.34. BTW also appeared in last week’s edition of this altcoins for all-time highs series.

BTW still trades inside a broadening wedge, with both boundaries sloping upward. The upper boundary near $1.70 aligns with the first target and the record high.

Rising broadening wedges often precede reversals, so a failed breakout would carry extra weight. In that case, $1.34 is the first support, followed by the 0.786 retracement at $1.07.

HYPE Holds $85 Support as the $97.96 Record Stays in Reach

HYPE trades at $85.71, down 0.26% over the past 24 hours. The token needs about 14.3% to revisit its $97.96 all-time high.