Altcoin Analysis: The Weekly Highlights for October's Altcoin Gainers

Altcoin Analysis: The Weekly Highlights for October's Altcoin Gainers

As October draws to a close, the crypto market has seen some unexpected names rise to the top, with small caps and meme coins taking center stage. BeInCrypto has analyzed this week’s top altcoin gainers, led by the coin of the week, Goatsues Maximus (GOAT).

Goatsues Maximus (GOAT)

GOAT has seen an impressive 210% rise over the past week, with this surge leading to a new all-time high of $0.902. The cryptocurrency’s rapid growth has caught investor attention, making it one of the top-performing tokens in recent days. Currently, GOAT is consolidating above the $0.640 support level while remaining below the $0.904 resistance. This range suggests the altcoin is poised for further gains, with the potential to form new all-time highs if it maintains momentum.

Safe (SAFE)

SAFE saw a significant 58% increase over the past week, bringing its trading price to $1.48, with intra-week highs reaching $1.87. This surge highlights strong investor interest and optimism in the altcoin. SAFE’s recent price action has positioned it among the top altcoin gainers in the current market environment. Currently, SAFE is holding above the crucial $1.30 support level, with eyes on breaching and flipping $1.64 into a stable support floor.

Raydium (RAY)

RAY experienced a nearly 40% increase in the past week, with the altcoin now trading at $3.01. This strong upward movement has positioned RAY to test the resistance at $3.33, a critical level for continued growth. A successful flip of the $3.33 resistance into support could drive further gains for RAY, signaling a stable foundation for additional growth.

Should the current trends continue, many in the crypto community are optimistic about these altcoins maintaining their upward trajectory.