Fantom (FTM) may be preparing for a potential uptrend, while Shiba Inu (SHIB) has rebounded strongly after experiencing an unexpected drop over the past 24 hours, according to cryptocurrency analyst Captain Faibik. Meanwhile, Starknet has made significant progress with the launch of STRK staking on its Sepolia testnet, a key move towards decentralization and enhanced security. Dogecoin has also seen some notable recent moves, rising 1.73% in the past 24 hours. Additionally, FTX has been allowed to repay nearly all of its clients 119% of its allowed bankruptcy claims.
1（FTM）。
According to analysis by cryptocurrency analyst Captain Faibik, Fantom has recently shown a potential uptrend. The coin has been trading in a falling wedge pattern for several months, and recently broke through a key resistance level, which seems to indicate that the momentum is shifting.
Captain Faibik’s chart analysis shows that a breakout of this wedge pattern could signal a reversal of the previous downtrend. Typically, this pattern means that selling pressure has weakened and buying activity is starting to take over. When FTM’s price breaks above the upper boundary of the wedge, it indicates that buyers are gaining control. This development could be a turning point for Fantom, which had previously been trading in a narrow range.
With the resistance level broken, its outlook appears to be more positive. Analysts have identified a price target range of $1.60 to $1.70, a significant upside from current levels. Of course, while the charts show strong bullish momentum, a potential rally is not guaranteed to materialize. However, if the buying pressure persists, the coin may soon reach the predicted price range.
2 (SHIB).
SHIB has experienced a significant recovery following an unexpected price drop over the past 24 hours. The meme coin is showing signs of improvement, with growth metrics including the burn rate rising.
The burn rate has increased by over 455%, indicating that the project’s key metrics have reset. After the recent decline, SHIB is attempting to recover its earlier losses. So far, the token has gained 1.68% and the price reached $0.00001765. It has also managed to break through the previous resistance level of $0.0000174, which has now turned into support.
This shift could signal a possible price rebound. The increase in the burn rate is also significant, with approximately 2,903,600 SHIB tokens sent to dead wallets, bringing the total amount burned to over 410 trillion. Meanwhile, approximately 583 trillion SHIB are still in circulation.
For investors, this reset is an important development to watch as it may reflect the health of the Shiba Inu ecosystem. Continued improvement in these metrics could lead to more investment in the token and could soon boost its value.
3.（JASMY）。
Jasmy saw a slight price increase and is valued at $0.019086, up 0.12% in the last 24 hours. Jasmy has shown significant growth over the past year, rising 496%. This performance puts it ahead of 89% of the top 100 cryptocurrencies and surpasses Bitcoin and Ethereum during the same period.
From a technical perspective, Jasmy is trading above its 200-day simple moving average, up 306.94% from the SMA value of $0.00469. This suggests strong momentum and is backed by its liquidity relative to its market cap. Jasmy is available on Binance, one of the largest cryptocurrency exchanges, and maintains a low annual inflation rate of 0.74%.
Conclusion:
Japan's Financial Services Agency (FSA) has clarified that non-custodial wallet services that use identity verification technology do not fall under the category of crypto asset trading businesses. Meanwhile, Bitcoin (BTC), the largest cryptocurrency by market value, could see a rebound in October despite a weak start to the month. Three indicators point to a potential uptrend. Currently, BTC is priced at $60,832, reflecting a 2.8% drop in the past 24 hours but a 1% gain over the past week.
Historically, October has been a favorable month for Bitcoin. In light of these developments, investors are looking for affordable coins, especially the best cheap cryptocurrencies currently priced under $1, to take advantage of price increases.
