The global cryptocurrency market cap surged by $140 billion, increasing by 6.3% to surpass the two-month high of $2.35 trillion.
Bitcoin (BTC) led the resurgence, breaking through the $68,000 mark and triggering a robust rally across the altcoin sector.
Here’s a look at some assets that capitalized on this rebound and their performance:
DOGE Achieves Seven Consecutive Daily Gains
Dogecoin (DOGE) emerged as a significant winner from the market upswing last week, marking seven straight days of gains.
Closing the week at a four-month peak of $0.144, Dogecoin recorded a remarkable 27% increase, representing its best weekly performance since late February amid a larger meme coin market rally. However, the recent upward trend encountered obstacles as the Dogecoin CCI increased to 247. Should bearish pressure arise this week, DOGE must maintain above $0.137 to prevent falling below the 20-day SMA support level at $0.116.
APE Rallies 54% Following Mainnet Launch
ApeCoin (APE) initially underperformed last week but executed a strong last-minute rally, ending the week at $0.87 with a 20% gain. This spike was largely attributed to the launch of ApeChain, the project’s blockchain. After reaching $0.92, APE encountered significant resistance but resumed its upward momentum this week, jumping 54% to cross the $1 mark for the first time in four months. However, with its RSI now at 85, the rally may soon face exhaustion without further buying support, and a fall below $1 could lead to sharper declines.
DIA Reaches 32-Month High
DIA (DIA) started the week with bearish momentum but managed to outperform many assets. After a mixed performance, DIA surged by an impressive 42% on October 17, reclaiming the $1 level for the first time in two years. Following an 8% pullback, DIA continued its upward trend, gaining an additional 14% on October 19, resulting in a total week gain of 44% and trading at levels not seen in 32 months. The token experienced a historic monthly volume spike of 716 million DIA. Additionally, +DI soared to 40.28, indicating strong bullish momentum, while the ADX at 50.19 suggests the rally is particularly vigorous, but it may also signal an impending correction.
