The overall cryptocurrency market capitalization increased by $140 billion, surging 6.3% to finish the week at a two-month high of $2.35 trillion.
Bitcoin (BTC) led the charge, breaking past the $68,000 mark and igniting a robust rally throughout the altcoin space.
Here’s a look at some of the assets that capitalized on this recovery and their performance:
DOGE achieves seven consecutive intraday gains
Dogecoin (DOGE) was among the top winners of the market rebound last week, achieving gains for seven straight days.
The dog-themed meme coin concluded the week at a four-month high of $0.144, reflecting a 27% gain. This represents Dogecoin’s strongest weekly performance since late February during the broader meme coin surge.
However, the recent upward trend has encountered resistance, following a surge in the Dogecoin CCI to 247. Should this week bring bearish pressure, DOGE must maintain above $0.137 to avoid falling to the 20-day SMA support at $0.116.
APE jumps 54% on mainnet launch
Despite struggling for much of last week, ApeCoin (APE) managed a last-minute rally, ending the week at $0.87, marking a 20% increase.
This increase was primarily driven by the launch of ApeChain, the project’s dedicated blockchain, which occurred yesterday.
After breaching the $0.92 level, APE encountered significant resistance at the upper Bollinger Band. However, the uptick resumed in the new week, with APE soaring 54% to surpass $1 for the first time in four months.
Meanwhile, its RSI has moved into overbought territory at 85, indicating that the rally may be running out of steam without fresh buying momentum. A retreat below the $1 mark could trigger sharper declines.
DIA reaches 32-month high
DIA (DIA) started the week on a downtrend but rebounded to outperform most cryptocurrencies. After a mixed performance, DIA surged by an impressive 42% on Oct. 17, reclaiming the $1 level for the first time in two years.
Following an 8% pullback the next day, DIA continued its upward trajectory, gaining another 14% on Oct. 19. This enabled it to close the week with a 44% overall increase, trading at levels not seen in 32 months. Its monthly volume reached 716 million DIA, marking the highest in its history.
Additionally, the token’s +DI surged to 40.28, indicating significant bullish momentum. The ADX at 50.19 implies that the rally is exceptionally strong. However, this could also signal an overextension, suggesting a correction may be on the horizon.
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