bullish

DeFi

Fantom (Migrated to Sonic)

<ul class="wp-block-list">
 <li>All three coins demonstrate strong bullish momentum amidst market fluctuations.</li>
 <li>Technical indicators suggest potential for further growth in BONK and SUI.</li>
</ul>
In the past 24 hours, the global crypto market has seen a 0.95% decrease, bringing the total market capitalization to $2.25 trillion. However, the market’s trading volume surged by 31.83%, reaching $81.14 billion. The total volume in <a href="https://thenewscrypto.com/2m-bedrock-exploit-adds-to-defi-growing-list-of-cyberattacks/" target="_blank" rel="noopener noreferrer nofollow">DeFi </a>currently stands at $4.6 billion, accounting for 5.67% of the total crypto market’s 24-hour volume.&nbsp;
Meanwhile, stablecoins make up 91.83% of the trading volume, with $74.51 billion in transactions. Bitcoin’s dominance slightly dropped by 0.19% to 55.87%, followed by <a href="https://x.com/ethereum" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> at 14.1%. Despite the overall market correction, some assets, including BONK, Fantom (FTM), and Sui (SUI), showed strong gains.
<h3 class="wp-block-heading" id="h-bonk-bonk">Bonk (BONK)</h3>
BONK is <a href="https://coinmarketcap.com/currencies/bonk1/" target="_blank" rel="noopener noreferrer nofollow">currently</a> trading at $0.00002572, surged by 9.37% in the last day. This rally was fueled by a substantial 67.62% increase in trading volume, pushing it to $489.57 million, with a Market Cap Ratio of 27.15%. The market sentiment remains bullish, with the Relative Strength Index (RSI) hovering at 74.83, indicating overbought conditions.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://thenewscrypto.com/wp-content/uploads/2024/10/BONKUSDT_2024-10-01_10-40-28-1024x481.png" alt="" class="wp-image-109551" srcset="https://thenewscrypto.com/wp-content/uploads/2024/10/BONKUSDT_2024-10-01_10-40-28-1024x481.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/10/BONKUSDT_2024-10-01_10-40-28-300x141.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/10/BONKUSDT_2024-10-01_10-40-28-768x360.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/10/BONKUSDT_2024-10-01_10-40-28.png 1515w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
BONK has consistently stayed above key moving averages, with strong support at $0.00002170 and resistance around $0.00002590. The overall momentum suggests further potential upside, but traders should remain cautious of a possible correction due to the elevated RSI.
<h3 class="wp-block-heading" id="h-fantom-ftm">Fantom (FTM)</h3>
In the past 24 hours, Fantom climbed 9.01% today, reflecting growing investor confidence, especially after an 8.30% rise in its market cap, with a 24-hour volume of $276.68 million. Its Volume/Market Cap Ratio stands at 15.33%. The RSI stands at 68.27, nearing overbought territory, signaling caution for investors as momentum approaches a peak.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeVld2XDi4pnM4__hD77Pimc_zQAb-JN6kfqbxo2vZbAC3uWeHDsf6vta8YDxSwQXxOWgPsiUO0qV77DpTFMGEihx1yfh44nN2JKcy48k5ass97vgfr9USJIE0md98l7Alq8AqHtb9wRv7EWEWiOCRnz55W?key=wK6Or94gdzrnk_cxgIoOLw" alt="">
</figure>
FTM’s moving averages show a <a href="https://thenewscrypto.com/sui-price-rallies-111-in-bullish-september-inching-closer-to-ath/" target="_blank" rel="noopener noreferrer nofollow">bullish</a> alignment, with the 9-day moving average ($0.6798) acting as strong support, and resistance at $0.7360. If the upward trend continues, Fantom may see additional gains, but the market could soon face consolidation.
<h3 class="wp-block-heading" id="h-sui-sui">Sui (SUI)&nbsp;</h3>
Sui (SUI) also posted notable gains, rising 8.96% to $1.89. Its market cap reached $5.17 billion, with a Market Cap Ratio of 3.40%. The market sentiment remains positive, with the RSI at 60.03, showing a healthy balance between buyers and sellers.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdDpd5FZoXRz9klc4pe9q9t7YiAe4hmT94hyy-9Y_J9kXk4d2Ql6fvKHkF1vNwKRAiaUeiPEbpdqvGgXmXwacxLgtrmlsRbbb2m2uGUI3UEpIAbjX--YVYuPp5dVVbboPFPJhNxmfQDJd-xyKPHfdVdolpt?key=wK6Or94gdzrnk_cxgIoOLw" alt="">
</figure>
SUI’s price is well-supported by the 21-day moving average ($1.82), with resistance at $1.91. As long as volume sustains, SUI has the potential to breach higher resistance levels, maintaining its upward trajectory. Disclaimer: The opinions expressed in this article are solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Today <a href="https://thenewscrypto.com/binance-announces-support-for-orion-orn-to-lumia-lumia-mainnet-swap-and-rebranding/" target="_blank" rel="noopener noreferrer nofollow">Binance Announces Support for Orion (ORN) to Lumia (LUMIA) Mainnet Swap and Rebranding</a>

Top 3 Altcoins Surge: BONK, Fantom and Sui Lead the Crypto Rally

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