The world crypto market cap ended last week with a 7% drop, dropping $160 billion as it closed at $2.15 trillion.
While Bitcoin (BTC) influenced the broader market, several altcoins charted their very possess paths, making the most of weird traits inner their ecosystems.
Here are replacement these cryptocurrencies to support an inspect on this week, following their diverse designate actions last week:
HMSTR collapses 18%
Hamster Kombat (HMSTR) saw a bearish week, dropping 18% to $0.004714. Its worst day came on Oct. 1 when it fell 13.94% amid a broader market decline on the support of geopolitical tensions.
Final week’s bearishness constructed on a downtrend HMSTR has confronted since its airdrop on Sept. 26. Alternatively, the four-hour chart reveals some signs of recovery, with the RSI sloping upward, now at 42.82.
For the DMI, the +DI is trusty at 17.46, signaling miniature purchaser momentum. Alternatively, the -DI at 23.07 slopes downward, indicating weakening promoting stress. The ADX is at 22.68 and trending downward, because the recent pattern loses energy.
These figures suggest a imaginable recovery if procuring for momentum continues, with bulls perhaps concentrated on $0.0051. Alternatively, the downtrend might perhaps perhaps perhaps also honest persist if customers form no longer fetch tempo this week.
SUI demonstrates resilience
Sui (SUI) confirmed resilience no topic broader market volatility, dropping only 0.3%. On Oct. 1, amid market turmoil, SUI dipped factual 0.97%.
Alternatively, it saw a sharper 10.38% decline on Oct. 3, its largest intraday smash in three months.
SUI looks to be forming a bull pennant following its uptrend in September. For the time being, the Bollinger Bands display the upper band at $1.97, which acts as resistance, and the 20-day MA at $1.62 gives instant make stronger.
With SUI trading below the upper band, the designate might perhaps perhaps perhaps stabilize above the $1.62 make stronger.
Investors must silent display screen for a soar between $1.62 and $1.97, with a breakout above the resistance likely signaling bullish momentum for the week.
FTT bucks the pattern
FTX Token (FTT) defied market traits last week, gaining 22% whereas most resources declined.
On Oct. 1, FTT rose by 13.89%, followed by a 21.Fifty three% surge on Oct. 4 and one other 9.86% the next day.
Amid this uptrend, the Williams P.c Fluctuate stands at -32.59, signaling that FTT is near overbought territory however silent has room for further beneficial properties.
As it witnesses a 9% retracement this recent week, bulls favor to shield the Pivot make stronger at $2.01 to forestall a jog into bearish territories. Below this, the next make stronger rests at $1.33, marking lows last viewed in two weeks.
May perhaps well even silent FTT safe greater from the latest correction, market contributors must silent peep for a smash above the resistance stage at $2.68, which continues the bullish momentum.
