• Uniswap’s UNI surged 19% following the Unichain Layer-2 announcement but faces resistance at $8.2.

  • The SUI is up 16%, close to its all-time high, but showing signs of cooling as buying pressure eases.

  • NEIRO memecoin surged 65% and is close to its all-time high as it was listed on multiple exchanges.

Altcoin activity surged, led by Uniswap’s UNI, SUI, First Neiro (NEIRO) on Ethereum, and Worldcoin (WLD). UNI gained 19% following the announcement of its new layer 2 solution, Unichain, which aims to improve scalability and reduce costs.

SUI and NEIRO have also seen impressive gains, with SUI approaching all-time highs and NEIRO benefiting from multiple exchange listings. WLD has regained a $1 billion market cap but faces key resistance on the way to $2.5. Despite recent gains, caution is still advised as several tokens are approaching overbought levels, indicating a possible correction ahead.

HIM

UNI has seen significant growth over the past week, rising by around 19% following the announcement of its own Layer-2 solution, Unichain.

The positive market reaction to the announcement has driven UNI’s price higher, but despite the bullish sentiment, the token seems to be struggling to break through the $8.2 resistance level. The inability to break through this resistance level indicates selling pressure, and UNI currently remains below a critical level.

Nonetheless, Unichain’s announcement has undoubtedly fueled investor interest, which could sustain buying pressure in the days ahead.

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ABOUT

The SUI has been one of the top gainers over the past seven days, with its price rising by nearly 16% in the period. This notable rise has caught the attention of traders who are taking advantage of the currency’s recent bullish momentum. The EMA line for SUI remains positive, indicating that the overall trend is still up.

However, the recent contraction of one of its short-term EMAs suggests that the strength of the uptrend may be waning compared to the previous move. This contraction suggests that while there is still buying interest, it may not be as strong as before. This could signal a shift in market sentiment toward a more cautious tone.

NEURO

NEIRO has experienced strong gains this week, gaining around 65% as enthusiasm for the token grows. Since being listed on multiple exchanges in September, NEIRO’s price has nearly doubled, indicating growing interest in the token.

The current uptrend has brought NEIRO close to its all-time high, which appears to be within reach if bullish sentiment continues to dominate the market. The listing effect coupled with the recent gains has increased optimism that NEIRO may soon break out to new price levels.

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WLD

WLD has made a strong comeback in the altcoin ecosystem, regaining a $1 billion market cap. This comes after its price rose by more than 15% last week.

The renewed interest has put WLD back in the spotlight as one of the stocks to watch in the market. Despite the recent rebound, WLD has remained below $2.5 since mid-July and a return to this level depends on the continuation of its current uptrend.

This one

This week, ENA announced four key holdings for its RWA fund, sparking renewed interest and sending the stock up nearly 7%. However, unlike the other companies on this list, ENA’s EMA lines are currently trending bearishly. This suggests that the recent price gains may not be sustainable.

ENA’s RSI has surged from 39 to 73.19 in less than a day. This is a sign of strong buying pressure, but it also suggests that the asset is currently overbought. If the rally continues, ENA could reach $0.42, a potential gain of 27%.