
Jakarta, Pintu News – The crypto market was bearish at the end of October, but with the start of a new month, investors are beginning to hope for new highs.
Here is an analysis of three altcoins that have the potential to reach new record highs, with support from investors and favorable market conditions, according to BeInCrypto analysis.
Memecore (M) price has shown a consistent uptrend in recent days, gradually registering steady gains. As of November 3, the altcoin was trading at $2.37 after previously facing resistance around the $2.50 level.
Read also: Whale Crypto Releases 1 Billion DOGE: Dogecoin Continues to Struggle Below $0.17 Resistance
The Ichimoku Cloud indicator indicates strong bullish momentum, signaling that Memecore has the potential to continue its rise. Currently, the altcoin is about 26% below its record high of $2.99.

If the price manages to break the resistance at $2.71 convincingly, buying pressure could increase, opening up the opportunity for M prices to rally sustainably towards new highs.
However, in the event of profit-taking, Memecore is likely to experience a short-term correction. A drop below $2.26 could pave the way for further selling pressure, with a potential drop to $2.12 or even lower. This scenario would invalidate the current bullish outlook.
The price of UDS has continued to show a steady uptrend in recent weeks, reflecting increasing investor confidence. As of November 3, the altcoin is trading at $2.51 and faces immediate resistance at $2.59.
Investor sentiment remains positive, with interest in UDS continuing to grow throughout the month and minimal major selling pressure. This resilience could support further upside potential ahead of November, with a projected gain of around 15%.

In the event of a breakout, the token has a chance to approach its record high around $2.90.
However, if short-term selling pressure emerges, the price stability of UDS could be disrupted. A drop below $2.48 could trigger a sharper correction, pushing the price towards support at $2.29. This scenario would invalidate the current upside prospects.
Read also: Shiba Inu Price Prediction: Fails to Break Triangle Pattern, Key Liquidity Zones in the Spotlight!
RAIL emerged as one of the fastest growing altcoins this month, and is currently trading at $3.34. A possible bounce off the $3.21 support level could trigger renewed buying pressure. If the momentum continues to strengthen, RAIL price could potentially break $4.02, signaling a continuation of the strong short-term bullish trend.
The Parabolic SAR indicator is currently below the candlestick, confirming the ongoing uptrend. This pattern supports a potential upside towards the record high of $7.10, or about 112% above the current price. Having recorded a 49% gain this week, RAIL could still continue its rally if investor optimism remains strong.

However, market uncertainty could trigger a short-term sell-off. If RAIL price fails to hold at the $3.21 support, a deeper correction is possible. The altcoin risks dropping down to $2.49 to test an important demand zone, which would invalidate the bullish outlook if the bearish pressure intensifies.
That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference: