As October comes to an end, the cryptocurrency market is seeing unexpected names rise to the top, with small caps and MEME coins gaining attention.
BeInCrypto has analyzed the altcoins that have shown bullish momentum this week, and Goatsues Maximus (GOAT) has been selected as the top coin of the week.
Goatsues Maximus (GOAT)
GOAT has recorded an impressive 210% surge over the past week, reaching a new all-time high of $0.902. This sharp rise has caught the attention of investors, making it one of the best-performing tokens in recent days.
Currently, GOAT is consolidating above the $0.640 support level, trading below the $0.904 resistance. This range suggests that the altcoin is primed for further upside, and if it maintains its momentum, it could form a new all-time high.
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However, if investors decide to cash in on their recent gains, GOAT could face a correction. If the $0.640 support level is breached, the token could drop to $0.466, offsetting some of the recent profits. This level would signal a shift in sentiment, and further downside could invalidate the positive outlook for GOAT.
SAFE
SAFE has surged 58% over the past week, reaching a trading price of $1.48, with a weekly high of $1.87. This sharp rise demonstrates strong investor interest and optimism, positioning SAFE as one of the top-performing altcoins in the current market environment.
Currently, SAFE is consolidating above the crucial $1.30 support level, attempting to establish $1.64 as a stable support floor. If it achieves this, the path to retesting $1.87 will be opened, reinforcing the positive momentum built up over the past week.
However, if SAFE loses the $1.30 support level, it could drop to $1.10, putting the recent gains at risk. Such a decline could shift sentiment, and further losses could challenge the current positive outlook.
Raydium (RAY)
RAY has increased by nearly 40% over the past week, currently trading at $3.01. This strong upward momentum has allowed RAY to test the $3.33 resistance level, making it a crucial level for sustained growth.
If RAY successfully converts the $3.33 resistance into support, it could pave the way for further upside, establishing a stable foundation for additional gains. Securing this support level could reduce selling pressure as investors hold on to their positions, expecting continued positive performance.
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However, if selling pressure increases, RAY could retreat to the $2.71 support level. Losing this level could push RAY down to $2.45, potentially invalidating the current positive outlook.
