πŸ‘€ 3 Altcoins to Watch in the First Week of November 2024

Josh Altons - Nov 4 - - Dev Community

πŸ“‰ Aptos (APT)
Aptos has dropped 18% in the past five days, struggling at the $8.23 support level, marked by the 38.2% Fibonacci line. A token unlock on November 11 will release 11.31 million APT, worth $93 million, potentially increasing market volatility. If APT loses this support, it could drop to $6.65. However, holding $8.23 may trigger a rebound and reverse recent losses.

⚠️ Cardano (ADA)
Cardano is trading below its critical support at $0.339, facing challenges in sustaining upward momentum. An upcoming unlock of 18.53 million ADA, valued at $6.16 million, could add volatility. If the $0.339 support isn’t regained, ADA risks falling to $0.311. A positive market shift could help ADA recover and flip $0.339 back into support.

🍌 Banana Gun (BANANA)
BANANA has struggled after failing to break the $63.49 resistance, now trading at $48.97. A 250,000 BANANA token unlock worth $12.28 million is expected, which may increase short-term volatility. Historically, BANANA saw minimal impact from unlocks, but it could attempt a bounce from $47.61 to target $55.01. If support fails, a drop to $40.97 is possible.

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