bullish

8-Bit Coin

COIN

Bitcoin

<p class="is-style-lead">The global crypto market staged a recovery last week, posting a 2.79% increase and closing with a market capitalization of $2.21 trillion.&nbsp;</p> 
<p>This surge added $60 billion to the market’s overall valuation.</p> 
<p>While Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) spearheaded the rally, several altcoins also played a role in the market’s recovery. Below are some of the standout performers from last week:</p> 
<div class="wp-block-rank-math-toc-block" id="rank-math-toc">
 <h2 id="table-of-contents">Table of Contents</h2>
 <nav>
  <ul>
   <li><a href="#sui-rallies-28">SUI rallies 28%</a></li>
   <li><a href="#chz-retests-4-month-high">CHZ retests 4-month high</a></li>
   <li><a href="#coin-records-six-bullish-days">COIN records six bullish days</a></li>
  </ul>
 </nav>
</div> 
<h2 class="wp-block-heading" id="sui-rallies-28">SUI rallies 28%</h2> 
<p>Sui (<a href="https://crypto.news/price/sui/" target="_blank">SUI</a>) had a strong showing last week, surging 28% from $1.75 to close at $2.24. Its most bullish moments came up during the market recovery on Oct. 11 and 12, during which it spiked 21%.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/10/Sui-1D-Chart-1.png" alt="SUI, CHZ, COIN: Top cryptocurrencies to watch this week - 17" class="wp-image-14303412">
 <figcaption class="wp-element-caption">
  SUI 1D chart – Oct. 13 | Source: <a href="https://crypto.news/price/sui/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
<p>Sui dropped 5.60% on Oct. 9 despite a bullish <a href="https://crypto.news/sui-network-to-launch-native-usdc-via-navi-protocol/" target="_blank">announcement</a> involving Circle’s USDC. Currently trading at $2.2266, SUI is now above the upper boundary of the Keltner Channel at $2.2186, which indicates potential overbought conditions.&nbsp;</p> 
<p>This suggests that while the momentum is strong, a period of consolidation or a minor correction could follow this week unless strong buying pressure persists. Volume remains high, so bulls could leverage this.</p> 
<p>Meanwhile, the Aroon Up is at 100%. In contrast, Aroon Down at 28.57% indicates a weak downtrend. However, if the Aroon Down rises this week, this may indicate growing bearish pressure. In this case, SUI could find support at $1.8286.</p> 
<p>The Sui token was created by Mysten Labs, a blockchain infrastructure company founded by engineers who previously worked at Meta Platforms on the Diem (formerly Libra) project. </p> 
<p>The company was co-founded by notable figures including Evan Cheng, Sam Blackshear, Avery Ching, and George Danezis, all of whom contributed to Meta’s blockchain and cryptocurrency efforts before transitioning to build Sui.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/arkham-intelligence-to-launch-crypto-derivatives-exchange-report/"> Arkham Intelligence to launch crypto derivatives exchange: report </a> </p> 
<h2 class="wp-block-heading" id="chz-retests-4-month-high">CHZ retests 4-month high</h2> 
<p>Chiliz (<a href="https://crypto.news/price/chiliz/" target="_blank">CHZ</a>), a cryptocurrency that powers the Chiliz blockchain, leveraged the broader market movements last week to maintain its rounded bottom structure, as it sustained a trend of lower lows.&nbsp;</p> 
<p>See below.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/10/CHZ-1D-Chart.png" alt="SUI, CHZ, COIN: Top cryptocurrencies to watch this week - 18" class="wp-image-14303413">
 <figcaption class="wp-element-caption">
  CHZ 1D chart – Oct. 13 | Source: <a href="https://crypto.news/price/chiliz/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
<p>The altcoin closed the week with an 11.8% gain, but its most impressive performance occurred as notable spikes throughout the week. For instance, on Oct. 9, CHZ rallied to a 4-month peak of $0.0784 before facing a roadblock.</p> 
<p><a href="https://crypto.news/chz-loses-12-5-following-chilizx-withdrawal-issue-announcement/" target="_blank">Chiliz</a> has now recorded another 9% rally in the new week, pushing it above the upper Bollinger Band at $0.0752. A retest and bounce off this level would signal continuous strength for a sustenance of the current uptrend.&nbsp;</p> 
<p>However, if the bears are able to trigger a drop below the upper Bollinger Band, investors should pay close attention to the 20-day MA ($0.0663), which currently acts as the major support above the $0.06 psychological region.</p> 
<p>Chiliz is primarily focused on the sports and entertainment industries. It was created by entrepreneur Alexandre Dreyfus in 2018, to transform fan engagement through blockchain technology.</p> 
<h2 class="wp-block-heading" id="coin-records-six-bullish-days">COIN records six bullish days</h2> 
<p>Last week, 8-Bit Coin (COIN) secured six bullish days out of seven. Like the rest of the market, COIN began the week strong, but maintained its uptrend from Oct. 7 to 10 despite the broader market <a href="https://crypto.news/heres-why-rabbitcoin-catizen-and-dogs-tokens-have-plunged/" target="_blank">facing</a> a correction.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1905" height="869" src="https://crypto.news/app/uploads/2024/10/COIN-1D-Chart.png" alt="SUI, CHZ, COIN: Top cryptocurrencies to watch this week - 19" class="wp-image-14303414">
 <figcaption class="wp-element-caption">
  COIN 1D chart – Oct. 13 | Source: <a href="https://www.tradingview.com/" target="_blank" rel="nofollow">Trading View</a>
 </figcaption>
</figure> 
<p>The asset’s only bearish day came up on Oct. 9, when it dropped 2.78%. Meanwhile, it sustained a trend of lower lows that has played out since Oct. 4, eventually closing the week with an impressive 22% rise.</p> 
<p>8-Bit Coin’s most impressive feat was maintaining a neutral RSI of 56.49 despite the 22% increase last week. This suggests that it still has room for further upward momentum.</p> 
<p>If the bulls maintain the uptick, its next resistance level would come in at $0.0007335, after which it could battle the $0.00008016 resistance. Amid a recent drop, COIN must ensure it holds the crucial Pivot level at $0.0006232, as a slump below it could tilt the momentum to bearish.</p> 
<p>The 8-Bit Coin is a cryptocurrency created as a tribute to retro gaming systems, such as the Atari 7800. It operates on the Solana blockchain and is intended for use in gaming-related applications, allowing users to earn rewards and participate in a community focused on nostalgia and gaming culture</p> 
<p> Read more: <a rel="" href="https://crypto.news/trumps-lead-over-harris-widens-but-is-polymarket-accurate/"> Trump’s lead over Harris widens, but is Polymarket accurate? </a> </p>

SUI, CHZ, COIN: Top cryptocurrencies to watch this week

Table of Contents

crypto.news

Other articles published on Oct 13, 2024

Bitcoin Trader Spots 2021 Solana and Uniswap Patterns in This Token, Predicts $0.035 to $35 Surge

Man Who Accidentally Dumped a Hard Drive Containing $500 Million in Bitcoins Sues Municipality

Analysts Predict Ethereum’s Price Movements

Number of Memecoins in the 100 Largest Cryptocurrencies Increased to 9 – Here is the List

Powerledger completes integration with Solana, accelerating the pace of innovation in sustainability

3 Cheap Altcoins Primed to Outperform Ethereum (ETH) and Bring 15,000% ROI by 2025

Join our free newsletter for daily crypto updates!