The cryptocurrency markets did not perform poorly over the weekend, with BTC striving to remain above $62,000. For altcoins to continue their upward trend in the coming days, BTC must maintain support at $61,700. The notable altcoins of the day include WIF, SUI, ONDO, and RENDER Coin. Let’s delve into their current charts.
WIF Coin Analysis
WIF Coin has experienced nearly a 9% increase over the last 24 hours, currently trading at $2.43. As a popular meme coin that has yet to engage with broader markets, there is optimism among investors for the coming months. If it can maintain its position above the critical support level, this meme coin could potentially break through the $2.6 resistance, reaching new highs between $2.88 and $3.4.
SUI Coin Analysis
SUI Coin has surged 146% over the past 32 days, now hovering around the $1.85 mark. The increase in network activity and new users indicates a rush of capital entering this segment. In the coming days, closing above $1.87 could pave the way for a retest of the $2.17 level.
However, rapid profit-taking may occur after this quick rise, with potential support levels at $1.6 and $1.44.
ONDO Coin Analysis
Recovering from $0.654, ONDO Coin is now targeting $0.754. If it can maintain momentum, it may attempt to surpass $0.809 for new peaks. BTC’s price performance will significantly influence this altcoin, and any BTC decline could quickly erase recent gains.
RENDER Coin Analysis
RENDER Coin increased by over 44% in September but has lost 20% in October due to BTC’s decline. As it holds the support level at $5.23, the outlook remains positive for now. With potential closures above $5.85, the price may aim for targets of $6.7 and $7.25.
With advancements in artificial intelligence, developments from companies like NVIDIA and OpenAI may positively impact RENDER, potentially triggering new upward movements.
