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3 Altcoins That Could Hit All-Time Highs In The Second Week Of November!
A broad improvement in the crypto market, reportedly propelled by positive macroeconomic factors such as the potential conclusion of the US Government Shutdown, is fueling sharp upward momentum across the altcoin sector. Technical analysis highlights three specific tokens positioned to potentially achieve new All-Time Highs (ATHs) in the second week of November if this bullish sentiment is sustained.
I. Ribbita By Virtuals (TIBBIR)
TIBBIR is demonstrating strong bullish intent and is the closest to reclaiming its previous record. Current Momentum: The TIBBIR price surged 21.5% in the past 24 hours, reaching $0.365 and positioning it just 23% away from its all-time high of $0.449.Technical Indicator: The Relative Strength Index (RSI) remains in positive territory, strongly suggesting that momentum is bullish and capable of driving further gains.Breakout Condition: For TIBBIR to confirm a move to a new ATH, it must first hold $0.317 as a key support floor and successfully break above the $0.400 resistance.Bearish Invalidation: The bullish thesis would be invalidated if the price drops below the $0.317 support, risking a decline toward $0.268 or $0.231.
II. Monero (XMR)
The privacy-focused token, Monero, is benefiting from growing sector interest and strong uptrend confirmation. Current Momentum: XMR has surged 24% since the start of the month, currently trading at $416 and sitting approximately 24.6% away from its May 2021 ATH of $518.Technical Indicator: The Parabolic SAR indicator is reflecting an active uptrend, suggesting that momentum is currently driving the price higher.Breakout Condition: The critical step for XMR is flipping the $460 level into a new support floor. Successfully doing so would position the token for a potential retest of its record high at $518.Bearish Invalidation: Increased selling pressure could invalidate the outlook, potentially sending the price down toward the support levels of $364 or $322.
III. Railgun (RAIL)
RAIL’s recent spike in interest has placed it in a strong position to challenge its all-time high set just last month. Current Momentum: RAIL price has experienced an aggressive surge, rising 51% in the past five days to trade at $4.75, just below the $5.14 resistance level. Despite the recent surge, it is still 49% below its ATH of $7.10 from roughly a month ago.Technical Indicator: The sharp weekly rise reflects strong renewed investor interest and growing bullish sentiment.Breakout Condition: Sustained buying momentum could propel RAIL toward its ATH if it can successfully break above the $5.14 resistance level.Bearish Invalidation: Failure to overcome the $5.14 resistance a point it has struggled with previously risks a correction, potentially falling toward the $4.02 support or even lower to $3.12.
⚠️ Important Disclaimer
This analysis is for informational and educational purposes only and is derived from public market data and technical metrics. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors, including regulatory shifts and macroeconomic conditions. Past performance is not indicative of future results. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions. The author and publisher bear no responsibility for any financial loss incurred as a result of relying on the information presented herein.