Bitway (BTW), Sky (SKY), and LEO Token (LEO) are drawing considerable attention in the cryptocurrency market. Analysts, including Jakub Dziadkowiec from BeInCrypto, suggest these altcoins could reach new all-time highs (ATHs) this weekend. As of October 2, 2026, these digital assets are trading between 1.44% and 14.17% below their respective record peaks, and many altcoins eye peaks in the coming days.
While Bitway set a fresh peak of $1.4862 earlier today, technical indicators signal fading momentum. Sky, meanwhile, shows promise with a confirmed trendline breakout, and LEO Token flashes bullish divergence from a key support zone. This diverse technical outlook highlights the complex forces shaping the altcoin market right now.
How Altcoins Eye Peaks in the Broader Crypto Market
The wider cryptocurrency market forms a dynamic backdrop for these individual altcoin movements. Bitcoin, for instance, was trading at $84,374 on September 21, 2026, having already broken through significant resistance levels. This upward trajectory was supported by the Federal Reserve’s decision to raise rates by 25 basis points while signaling a less restrictive future path, boosting market risk appetite.
Other altcoins have also experienced notable shifts. Quant (QNT) surged by 300-350% in September after The Clearing House selected it to facilitate tokenized deposit settlement across 25 major US banks. Its price spiked to $373 before closing the week near $286.64, illustrating the impact of institutional adoption in the sector.
Sui (SUI) also saw an approximately 30% gain following the Hashi protocol enabling Bitcoin as collateral. The upcoming Sui Basecamp event in Singapore on October 7-8 is anticipated as a near-term catalyst. Such platform-specific developments often drive interest and price action within the broader digital asset space.
Bitcoin Cash (BCH) recorded a significant move in September 2026, gaining 34% in one week. This came after the CME Group announced plans to list Bitcoin Cash futures on October 19, contingent on regulatory review. This institutional attention frequently acts as a crucial price driver across various cryptocurrencies.
Bitway Approaches Peak With Fading Momentum
Bitway (BTW) has demonstrated an impressive rally, climbing approximately 24-fold from about $0.06 in late July. On October 2, 2026, the altcoin was testing the upper boundary of an expanding megaphone pattern on its daily chart. Its price had surged approximately 78% to reach a new all-time high near $1.35, trading at $1.33.
However, technical analysis points to potential headwinds for BTW. The Relative Strength Index (RSI) reveals a bearish divergence; the altcoin printed three higher highs since September 13, but its RSI formed lower highs, dropping from around 80 to 70. This pattern often indicates that buying momentum is fading.
Moreover, trading volume for BTW has thinned considerably since a mid-August spike, reinforcing concerns about weakening interest. This combination of bearish RSI divergence and declining volume suggests that Bitway could face short-term support risks despite its recent price performance. Analysts regularly highlight altcoins for a rally, but caution signs persist.
Despite these warning signals, a daily close above the megaphone’s upper line could open the path for further gains. Fibonacci extension targets are set at $1.69 and $2.14. However, if the bearish divergence plays out, BTW’s support levels are identified at $0.80 and $0.50.
Sky Holds Trendline Breakout
Sky (SKY) presents a more robust technical picture, breaking above a significant descending trendline on September 24, 2026. This breakthrough marked the conclusion of a five-month downtrend that originated from its April 26 high. The altcoin now holds a trendline breakout, indicating a shift in market sentiment.
Although breakout volume has somewhat cooled, it remains relatively high, suggesting sustained investor interest. The Relative Strength Index for SKY also broke its own descending trendline and subsequently retested it as support on September 30. This sequence of events confirms an ongoing momentum shift for the altcoin.
Currently, SKY trades below its record high, within the 1.44% to 14.17% range applicable to the three altcoins analyzed. The overall technical setup for Sky suggests a more optimistic outlook compared to Bitway. Continued improvements in the altcoin user experience could further bolster such projects.
The absence of specific Fibonacci levels or support figures in the research means investors should monitor general market trends. Any significant downturn in the broader crypto market could impact SKY’s current positive trajectory. But for now, the breakout holds.
LEO Token Shows Bullish Divergence From Support
LEO Token (LEO) is currently trading 14.17% below its all-time high of $10.39, recorded on May 8, 2026. On October 2, 2026, LEO was resting on the 0.382 Fibonacci retracement at $8.906. This is positioned within a broader support zone ranging from $8.85 to $8.98, an area that has historically acted as both support and resistance since February.
Crucially, LEO is displaying an emerging bullish divergence. This technical signal materialized as its price made a marginally lower low in late September, while its Relative Strength Index (RSI) simultaneously formed a higher low. Such a divergence often hints that bearish pressure is diminishing and a potential reversal might be on the horizon.
Should LEO successfully bounce from its current support zone, it could target higher levels. Clearing these potential hurdles would then bring its record high of $10.39 back into focus for the altcoin. Significant ETF inflows into other digital assets often contribute to overall market optimism.
However, investors must remain vigilant. A daily close below the $8.85 support level would invalidate this bullish setup, potentially leading to a deeper correction. The interplay between this bullish divergence and established support and resistance zones will be critical for LEO’s short-term price action.
The Weekend Ahead for Altcoin Markets
The upcoming weekend marks a crucial period for these three altcoins as they navigate their distinct technical landscapes. Bitway faces the challenge of overcoming bearish divergence, even as it sits close to its recent peak. This could mean increased price volatility as investors weigh conflicting momentum indicators against recent gains.
Sky appears to be in a more favorable position, having broken a long-standing downtrend and holding above its trendline breakout. Its sustained RSI momentum suggests that an upward trajectory could continue, possibly pushing it closer to its record high. Maintaining adequate trading volume will be essential for this continued growth.
LEO Token, with its nascent bullish divergence emerging from a historical support zone, offers an intriguing prospect for a rebound. Its ability to hold the $8.85 to $8.98 area will determine its immediate future, with a successful bounce potentially leading to significant gains. Broader market sentiment, particularly around Bitcoin, will undoubtedly influence these altcoins.
As October 2026 progresses, the wider altcoin market may encounter tests of support due to previous overbought readings and some fading volume. Traders and investors will be closely monitoring technical signals and market developments to ascertain whether these altcoins can indeed achieve new all-time highs as predicted.