Altcoins are making a comeback as Bitcoin price stabilizes above $66,000. Excluding Bitcoin and Ethereum, the market has recaptured the $600 billion mark, up 7.19% from the 7-day low of $574.81 billion.

Amid a recovery in the altcoin market, SUI and Pyth Network are rising to reclaim the top spots on the performance charts. With breakouts and trend-reversal rallies, will SUI and Pyth Network lead the October rally?

Top performing altcoins worth buying:

Pyth Network (PYTH)

The PYTH token has a market cap of $1.24 billion and is currently trading at $0.3448. It has gained 13.91% in the past seven days and is signaling a rounding bottom reversal. The neckline of the rounding bottom reversal coincides with the 23.60% Fibonacci level at $0.4489.

Currently, the altcoin is showing a bullish cycle and struggling to break above the 200-day EMA at $0.3741. After an intraday correction of 4.27%, the altcoin is consolidating above the 50-day EMA. The MACD and signal lines have shown a bullish crossover, supporting the continuation of the bullish trend.

A breakout above the 200-day EMA would signal a possible surge towards the 23.60% Fibonacci level. In the longer term, a trend reversal rally amid a broader market recovery could reach the 50% Fibonacci level of $0.67959 by the end of next week.

Sui Dynasty (Sui)

SUI cryptocurrency price action is showing bullish signs of breaking above the $2 mark as the bottom reverses. This psychological level acts as the neckline of the bullish pattern and signals huge upside potential for the altcoin.

However, the minor pullback at the beginning of this week was a retest of the bullish breakout. Currently, the daily chart shows that a potential Morning Star pattern is forming, which is a reversal after a retest, increasing the likelihood of a bullish trend.

However, the uncertain movement of the MACD and the signal line reflects increased volatility. According to the Fibonacci levels, if the uptrend continues, the 1.272 and 1.618 Fibonacci levels ($3 and $4.80, respectively) will be the next potential price targets for the altcoin.