Today, October 18, several altcoins are seeing mild price increases, suggesting that many could finish the week on a positive note. Interestingly, while some tokens have managed to hold their ground, not all of today’s trending altcoins are performing similarly.

The top three for today are Solidus Ai Tech (AITECH), Turbo (TURBO), and Dog Food Token (OISHII). Here’s why these altcoins are trending and what could be next for their prices.

Solidus Ai Tech (AITECH)

AITECH is one of the top trending altcoins for the second consecutive day. Yesterday, BeInCrypto suggested that AITECH’s price might undergo a slight decline. As of this writing, the price has lost 3% of its value in the last 24 hours.

According to the daily chart, the altcoin has fallen below the 20-day Exponential Moving Average (EMA). Typically, when the cryptocurrency’s price rises above this indicator (in blue), it gives more credence to an upswing. 

But a decline indicates otherwise. As such, AITECH’s value risks undergoing another decline. Furthermore, the token is around the same spot as the 50 EMA (yellow), suggesting an extended downturn to $0.082.

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However, the altcoin’s price might rebound if bulls push it back above the 20 EMA. if that happens, AITECH could jump to $0.12.

Turbo (TURBO)

Turbo’s emergence as one of the trending altcoins marks its third consecutive appearance and is trending today due to increasing investor interest. Over the past 30 days, TURBO’s price has surged by 100%, making the AI-themed meme coin a token to watch closely.

However, its value has dropped by 5% within the last 24 hours. The daily chart shows that bulls are defending the $0.10 support so the crypto can escape another downturn. If sustained, TURBO’s price can bounce and move toward $0.015, which would represent a 47% price increase.

On the contrary, the altcoin might not be able to reach this point if bears push bulls out of the way. If that happens, TURBO might decline to $0.0079.

Dog Food Token (OISHII)

Out of the top altcoin trading today, Dog Food Token is the only one with a significant price increase over the last 24 hours. Within the mentioned period, OISHII, built on Ethereum, experienced an astonishing 565% price surge. 

This remarkable increase is the key reason why it is trending. According to the daily OISHII/WETH pair,  the Awesome Oscillator (AO), which measures historical price movements with recent ones, is positive. This positive reading suggests rising momentum with OISHII despite the massive increase.

Should momentum stay bullish and buying pressure increases, then OISHII’s price could break the resistance a $0.14. If that happens, the altcoin’s price could rally to $0.18. 

Read more: Which Are the Best Altcoins To Invest in October 2024?

In the event that profit-taking climbs, this prediction might be invalidated, and OSHII could sink to $0.084 or as low as $0.054 in a highly bearish scenario.

In the last week, meme coins have experienced a renewed wave of investor interest as the crypto market rebounded. Notably, several coins saw significant gains, and a few also reached new all-time highs. 

BeInCrypto has identified the top three standout tokens that exceeded expectations, capturing the spotlight and drawing attention from investors.

Hoppy (HOPPY)

Hoppy’s price surged by 94% today, hitting a new all-time high of $0.0002896. This dramatic rise has caught the attention of investors as the meme coin continues to outperform expectations.

The week-long rally is part of an ongoing uptrend that began in mid-September. Hoppy has managed to break through several key resistance levels during this period, reinforcing its bullish outlook.

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Hoppy’s continued price growth will largely depend on whether its holders decide to sell or hold. If profit-taking begins, Hoppy could face a drawdown, potentially sending its price down to $0.0001844.

RETARDIO

Retardio’s price has surged by 88% over the past seven days, bringing it close to breaching the $0.20 mark and forming a new all-time high. The recent rally has sparked optimism among investors, as the meme coin has gained significant momentum.

The previous all-time high (ATH) for Retardio was set in mid-August. This week marked the third attempt to break through that level. If the bullish trend continues, the chances of breaching the $0.20 resistance appear promising, which could pave the way for further gains.

However, if market sentiment shifts and Retardio’s price declines, it could find initial support at $0.14. Should this support level fail to hold, the meme coin might retrace further, potentially falling to $0.12 or lower, signaling a more extended correction in its price action.

Book of Meme Coin (BOME)

BOME has been one of the top performers this week despite experiencing a minor correction over the past three days. Currently, the meme coin is trading at $0.0099, having come close to breaching the key resistance level of $0.0111.

Historically, BOME has consolidated within a narrow range, between the $0.0111 resistance and the $0.0082 support levels. If this pattern holds, BOME could see more sideways trading in the coming days, offering a period of stability before its next move. 

Read more: 7 Best Base Chain Meme Coins to Watch in October 2024

However, if BOME manages to breach the $0.0111 resistance, it would mark a significant achievement—a four-month high for the coin. Such a breakthrough could push the price toward $0.0127.

Ethereum price is consolidating gains above the $2,580 resistance. ETH could gain pace if it clears the $2,650 resistance zone.

• Ethereum remained in a positive zone above the $2,550 and $2,580 resistance levels.
• The price is trading above $2,600 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support near $2,600 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move up if it clears the $2,650 and $2,680 resistance levels.

Ethereum Price Aims For More Upsides

Ethereum price remained stable above the $2,550 pivot level like Bitcoin. ETH corrected some gains and tested the $2,550 support level. Recently, it started a fresh increase above the $2,580 and $2,600 resistance levels.

There was a move above the 50% Fib retracement level of the downward move from the $2,685 swing high to the $2,538 low. The bulls were able to push the price above the $2,620 resistance zone. Besides, there is a key bullish trend line forming with support near $2,600 on the hourly chart of ETH/USD.

Ethereum price is now trading above $2,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,650 level. It is near the 76.4% Fib retracement level of the downward move from the $2,685 swing high to the $2,538 low.

The first major resistance is near the $2,685 level. A clear move above the $2,685 resistance might send the price toward the $2,750 resistance. An upside break above the $2,750 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,840 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920.

Another Drop In ETH?

If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level and the trend line. The first major support sits near the $2,570 zone.

A clear move below the $2,570 support might push the price toward $2,550. Any more losses might send the price toward the $2,480 support level in the near term. The next key support sits at $2,420.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,550

Major Resistance Level – $2,650