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

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.

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.

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.

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

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.