- ONDO: Breakout recovery continues, with $0.589 standing as the next key target.
- ALGO: Bulls challenge neckline resistance, aiming for a breakout above $0.132.
- INJ: Rising momentum supports a potential move above the crucial $8.55 barrier.
Three promising altcoins are showing stronger chart structures as October moves into the final stretch. Price action across parts of the market suggests buyers are becoming more active after weeks of consolidation. While broader sentiment remains important, a few projects are approaching key technical levels that could shape near-term direction. Among them, ONDO, ALGO, and INJ stand out due to breakout setups, rising momentum, and important resistance zones now coming into view.
Ondo Finance (ONDO)
Source: Trading View
Ondo Finance has started to regain strength after breaking above a descending channel that limited upside movement for months. Bulls also pushed price above a cup-and-handle formation, which often signals growing demand. A successful retest added confidence to the recovery and helped support the current trend. Right now, ONDO is challenging resistance near $0.5246. A daily close above that level could attract additional buying pressure. The next major obstacle sits around $0.589. Buyers need a firm break above that area to strengthen bullish conditions. If momentum continues, attention could shift toward the $0.6957 region. On the downside, a loss of support above $0.5246 may lead to further consolidation.
Algorand (ALGO)
Source: Trading View
Algorand has climbed back into a major resistance zone that has repeatedly blocked advances this year. Earlier, price failed to complete a double-bottom breakout, which triggered a modest pullback. Even so, current market structure points to continued interest from buyers. The chart suggests a transition from accumulation toward expansion. Consecutive higher highs and higher lows continue to form along a rising trendline, which reflects improving momentum. A decisive move above the $0.13 to $0.132 neckline area would provide stronger confirmation of a breakout. If that happens, ALGO could target $0.146 before testing broader resistance near $0.19. Strong volume remains important because buyers must show commitment once price clears the neckline.
Injective (INJ)
Source: Trading View
Injective continues to build a constructive setup on the daily chart. Rising support has helped sustain recovery efforts, while resistance near $8.55 remains the key barrier for bulls. Several breakout attempts have stalled near that zone since May. Technical indicators are becoming more supportive. Selling pressure appears to be fading, and MACD signals are moving closer to a bullish crossover. At the same time, On-Balance Volume continues to trend upward, which suggests improving participation from buyers. A convincing move above $8.55 could open the path toward $9.83 and potentially beyond $10. However, another rejection may keep price trapped below resistance for longer.
ONDO, ALGO, and INJ each approach important technical levels heading into the fourth week of October. ONDO aims to extend a recent breakout, while ALGO seeks confirmation above a key neckline. INJ continues to build pressure beneath long-standing resistance. Traders will likely watch volume and breakout strength closely as these setups develop.
