3 altcoins with the potential to set ATH in the third week of September

The crypto market is stabilizing after a bullish start in September, opening up opportunities for altcoins to increase profits. This upward momentum is particularly important as some tokens are approaching their all-time highs (ATH). The strength of Bitcoin may act as a catalyst, setting the pace for the broader growth of altcoins.

The article analyzed three altcoins that are approaching ATH in the coming week.

Ethereum (ETH)

Ethereum (ETH) is trading at $4,505, less than 9% away from its ATH of $4,956. This "king of altcoins" recently formed an ATH peak at the end of August and is currently showing signs of recovery as it gradually climbs back to retest this price level.

Last week, ETH could not break through the resistance level of $4,749, delaying the advance towards ATH. However, the Parabolic SAR indicator below the candle indicates that the bullish trend is still in play. With renewed support from investors, ETH may retest $4,749, and if the retest is successful, the price could approach $4,956.

ETH Price Analysis | Source: TradingViewIf ETH does not maintain its bullish momentum, a drop below the support level of $4,500 could reverse recent gains. This downward move would push the price down to around $4,331, creating bearish pressure. This would invalidate the bullish thesis and could potentially extend the consolidation phase.

Mantle (MNT)

Mantle (MNT) is trading at $1.7, just under 3% away from the recent ATH of $1.76. This altcoin is maintaining strong bullish momentum, with the ATH formed less than 72 hours ago, indicating ongoing demand from investors seeking short-term growth opportunities.

If MNT maintains its bullish momentum, a move above $1.76 will not encounter significant obstacles. Such a breakout could quickly push the price above $1.8, reinforcing bullish prospects and encouraging further capital inflow from investors expecting new ATH in the coming days.

MNT Price Analysis | Source: TradingViewHowever, the bearish risk remains if this altcoin weakens. If MNT drops to the support level of $1.47, the bullish narrative is likely to collapse. This not only increases the losses for investors but also exposes the token to deeper declines, potentially reversing recent gains.

Story (IP)

Story (IP) is currently still about 17% away from the all-time high of 11.84 dollars, but still shows potential to return to this level. The price is holding above the support level of 9.58 dollars, indicating a solid foundation as investors monitor the bullish momentum for a potential breakout.

Bouncing up from this support level is feasible, with the 50-day EMA below the candle, signaling continued bullish momentum. If it surpasses the resistance level of $11.84, IP could extend its bullish trend above $12, reinforcing investor confidence and stimulating new demand in the market.

IP price analysis | Source: TradingViewHowever, risks still exist if selling pressure increases. If investors take profits, the IP price could fall below the support level of $9.58 and may potentially drop further to $8.58. Such a decline would invalidate the bullish thesis and reflect investor skepticism.

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