Heading into October and Q4, the markets maintain already begun convalescing, bringing gains to many crypto resources, with some altcoins even establishing fresh all-time highs.
BeInCrypto has analyzed the waste three finest-performing altcoins of the closing seven days, which encompass Solana meme coin POPCAT, which fashioned a brand fresh ATH this week.
FTX Token (FTT)
FTX’s native token, FTT, surprised the market by outperforming every critical altcoin in the waste 100 cryptocurrencies. FTT surged by 95% over the week and is currently buying and selling at $2.72. This dramatic upward thrust has caught the attention of every and every traders and investors alike.
The rally became primarily driven by rumors surrounding the origin of compensation to creditors. With the listening to for the distribution figuring out scheduled for October 7, the bullish sentiment is anticipated to proceed, doubtlessly fueling further charge make bigger.
Learn extra: 5 Completely Crypto Price Gateways Every Change Might maybe well soundless Know
If the momentum holds, FTT could well maybe upward thrust to $2.98. However, the token could well maybe look for a drawdown to $2.54 or even $2.20 if it wanes, making investors cautious of skill risks.
Popcat (POPCAT)
POPCAT charge reached a brand fresh all-time excessive this week, hovering by 31% in the closing 24 hours. This Solana-primarily based mostly meme coin broke throughout the $1.00 resistance, atmosphere a brand fresh ATH at $1.29 after struggling to breach that stage at some level of the week.
The catalyst for this sudden rally stays unclear, but when POPCAT holders steer sure of advertising and marketing, the coin could well maybe proceed its upward trajectory. This could well waste in the formation of a brand fresh ATH, further boosting market sentiment.
However, if profit-taking ensues, it could well maybe honest stop the bullish momentum. A fall to $1.00 could well maybe apply, and losing this key relieve stage would invalidate the novel bullish outlook.
Wormhole (W)
Wormhole’s charge could well maybe honest no longer maintain seen explosive gains esteem other tokens, but it surely soundless impressed with a 14.8% upward thrust. Currently buying and selling at $0.34, the altcoin has won the attention of its investors.
Wormhole virtually reached an intra-week excessive of $0.42 but fell motivate below the $0.35 resistance. This barrier has been intact since mid-July, and breaching it could well maybe lead to an additional upward thrust in direction of the $0.42 mark.
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Testing $0.42 as resistance would residing a end to four-month excessive. However, if Wormhole fails to spoil $0.35, it could well maybe honest remain in consolidation between $0.28 and $0.35, invalidating the bullish outlook.
