The crypto market is rebounding from the massive October 10 crash, one of the largest noted in recent history. With nearly $19 billion in liquidations recorded, recovery appeared unlikely, yet the market has shown surprising resilience.
Going forward, external developments will be key, and BeInCrypto has identified three altcoins that could be the paragon of the same.
Chiliz (CHZ)
Chiliz (CHZ) has gained 12% in the past 24 hours, trading at $0.0355 at press time. The altcoin is attempting to recover from Friday’s 25% decline, with optimism surrounding the upcoming hard fork.
The Snake8 hardfork, scheduled for next week, will replace the current validator system, where all receive equal block rewards. The new algorithm aims to boost competition among Chiliz Chain validators and incentivize network contributions. This could spark higher demand and liquidity, pushing CHZ beyond $0.0364 toward $0.0382 or higher.
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However, if the upgrade fails to generate sufficient excitement or participation, CHZ could lose momentum. The price may retreat to $0.0330 or even drop further to $0.0304, negating the current bullish outlook and signaling waning investor confidence in the short term.
Sei (SEI)
SEI serves as a cautionary signal rather than a breakout contender, with a major token unlock approaching this week. Roughly 55.56 million SEI, valued at $12.78 million, will enter circulation, potentially increasing market volatility and pressure on prices as supply expands significantly.
Investors seeking to buy the dip after SEI’s recent crash to a new all-time low of $0.068 should remain cautious. The influx of tokens could limit recovery potential if demand fails to match supply, negating today’s 12% rebound. The Parabolic SAR indicator also suggests an active downtrend remains in play.
However, if investors absorb the newly unlocked supply efficiently, SEI could extend its upward move. A successful recovery could send the price toward $0.244 and potentially $0.305. This would invalidate the bearish momentum.
Bittensor (TAO)
TAO is emerging as one of the top altcoins to watch this week following Grayscale’s Form 10 filing with the U.S. SEC for its Bittensor Trust. The move positions TAO for potential recognition as a reporting company, paving the way for broader institutional investment opportunities.
In response, TAO’s price surged 36% in the past 24 hours, currently trading at $407, just below the $410 resistance. With market sentiment improving, TAO could soon break past this barrier and aim for $450, signaling growing investor optimism and stronger bullish momentum across the Bittensor ecosystem.
