Will the altcoin season come? Analyst: Quickly follow these 3 coins, there may be a big Fluctuation this week

The Uptober rally most anticipated by the cryptocurrency community has finally come to an end. BTC did live up to its promise, rising from $63,327.60 to $70,292.01 within October, a monthly increase of 11% based on the monthly K-line closing; unfortunately, retail investors' expected ATH did not materialize.

Source: TradingView BTC last month trend

This week there are three hot Tokens that are about to be unlocked, with a large number of community holders for one of the Tokens. The foreign media 'BeInCrypto' has provided short-term pressure and support level analysis for this, for reference only, not as investment advice.

Aptos ($APT)

Aptos ($APT) rose 18% in October, but has since pulled back and is attempting to hold the Fibonacci 38.2% support level at $8.23. The price was $8.18 at the time of writing. Aptos ($APT) will unlock 11.31 million tokens on November 11, accounting for 2.18% of the circulating supply. Due to market expectations of a price drop after token unlocking, some retail investors may choose to cash out, increasing short-term volatility.

If it cannot hold the support level of $8.23, $APT may fall to the Fibonacci 23.6% level, which is $6.65; on the other hand, if the price continues to hover around $8.23, it may see the next Rebound.

Image source: "BeInCrypto" $APT short-term trend

Cardano（$ADA）

Cardano ($ADA) fell by 8.44% in October and is currently priced at $0.3326. Cardano ($ADA) will unlock 18.53 million tokens on November 6th, worth about $6.16 million, accounting for 0.05% of the circulating supply. Analysts believe that despite the small amount of token unlocking, the panic among retail investors may still cause it to fall to the support level of $0.311; however, if it holds the current price, it may recover to the support level of $0.339, showing bullish potential.

Source: "BeInCrypto" Short-term Trend of $ADA

Banana Gun（$BANANA）

$BANANA recovered from the 54% fall on July 20th in October, but has not yet broken through the ATH of $63.49, causing another fall to $47.03; Banana Gun will unlock 250,000 Tokens in two days, worth over $10 million.

If it can hold the $47.61 support level in the short term and rebound to the $55.01 target price, it is expected to trigger bullish sentiment; otherwise, it may further decline to the $40.97 support level.

Image source: "BeInCrypto" $BANANA short-term trend

[Disclaimer] The market is risky, and investment must be cautious. This article does not constitute investment advice. Users should consider whether any opinions, perspectives or conclusions in this article are suitable for their specific situation. Responsibility for investment is at your own risk.