TOP 3 altcoins with prominent trends today – October 1st

In the past 24 hours, Pump.fun (PUMP), Zcash (ZEC), and Aptos (APT) have extended their bounce back, rising to become the most prominent names in the crypto market. Aptos has risen to the sky from an important support zone, opening up growth potential before facing a key resistance level, while Pump.fun and Zcash are at a crucial crossroads for their next trend.

PUMP: The bounce back momentum thanks to the token buyback program

Pump.fun just spent 7.496 SOL to buy back PUMP tokens, raising the total purchase value to 617.749 SOL, amid a surge in Tuesday's revenue to 7.498 SOL. The buyback move often creates downward pressure on supply, thereby driving prices up and demonstrating the team's strong confidence in the project.

Revenue and buyback volume | Source: Pump.funBy Wednesday afternoon, PUMP rose nearly 7%, surpassing the important resistance level at 0.006162 USD – the peak set last Thursday. If the price can close steadily above this mark in the 4-hour frame, the upward trend of Pump.fun is likely to be reinforced and extended.

The next resistance levels are at 0.006788 USD and 0.007655 USD, corresponding to the old lows of September 20 and September 17.

The RSI index is currently at 63, above the neutral threshold and has room to rise before entering the overbought zone, indicating that buying pressure is increasing. At the same time, the MACD line continues to rise along with the signal line, maintaining above the 0 mark with a series of consecutive green histograms – a clear sign of bullish momentum.

PUMP/USDT Chart 4-hour | Source: TradingViewHowever, if PUMP cannot hold above the level of 0.006162 USD, a correction scenario to test the 200-period EMA at 0.005530 USD could completely happen.

Zcash: The upward trend remains strong, aiming for new high milestones

ThorSwap has just expanded support for Zcash (ZEC), allowing users to swap ZEC directly for Bitcoin or other top altcoins. However, the unique feature of this privacy coin – hidden addresses – is still under consideration and is likely to be added in a later phase.

As of Wednesday, ZEC was trading around 76 USD, marking a four-day consecutive rise. Previously, this coin had approached but was unable to close above the 52-week high of 74.59 USD during Tuesday's session.

The current uptrend is heading towards the milestone of 79.33 USD – the 52-week high. If it successfully surpasses and maintains a positive close, ZEC will establish its highest level in a year. Based on the Fibonacci extension from the level of 74.59 USD ( on 2/1/20192837465674839201 to 29.17 USD ) on 10/30/2(, the next important resistance zone is identified at 96.29 USD, coinciding with the 1.272 Fibonacci extension level.

![])https://img-cdn.gateio.im/webp-social/moments-06e24097e8c04644997dc0ae983c89c9.webp(Daily ZEC/USDT Chart | Source: TradingViewOn the daily chart, the RSI index has risen to 79, deep into the overbought zone, raising concerns about a reversal if profit-taking pressure occurs. However, the MACD line and signal line still maintain expansion with a green histogram, indicating that bullish momentum remains strong.

On the contrary, if ZEC cannot hold the mark of 74.59 USD, a correction scenario to the zone of 61.01 USD – corresponding to the Fibonacci retracement level of 78.6% – may occur.

Aptos: Bounce back targeting the 200-day EMA

Aptos has just announced the integration of PayPal's stablecoin PYUSD through LayerZero and StarGate Finance, expanding payment options within the ecosystem. At the same time, the project also announced a strategic partnership with Republic – a global investment company – to maximize its blockchain potential.

On the market, APT continues to record an increase of more than 1%, marking a series of 6 consecutive sessions of rising. The bounce back started from the jump at the support zone of 3,893 USD on Friday, then surpassed the 50-day EMA line at 4,438 USD.

If the upward momentum is maintained and breaks through the 100-day EMA at 4,607 USD, Aptos has a chance to challenge the long-term resistance line, which has been formed from the peaks on February 20 and July 23. Notably, the 200-day EMA at 5,153 USD is currently moving parallel to this resistance zone, which could become the next strong barrier.

![])https://img-cdn.gateio.im/webp-social/moments-9225ec901002ee52ff2d10da895d8729.webp(Daily APT/USDT Chart | Source: TradingViewIn technical terms, the daily RSI shows a clear V-shaped reversal from the oversold zone, now surpassing the neutral threshold to level 53, reflecting increasing buying pressure. Additionally, the MACD is also approaching the crossover point with the signal line, further reinforcing the upward momentum.

However, the risks are still present: if APT cannot hold above the 50-day EMA threshold of 4,438 USD, the price may reverse and retreat back to the support zone of 3,893 USD.

SN_Nour