Crypto
Top 5 Altcoins To Watch This Week: STRK Falls 24%
Filecoin approaches a major supply shift as RVN, STRK, SKY, and W navigate critical support levels after sharp market moves.
BLOCKINSIDERLoadingFilecoin approaches a major supply shift as RVN, STRK, SKY, and W navigate critical support levels after sharp market moves.
Five altcoins are approaching critical turning points as supply changes, exchange delistings, and sharp price reversals reshape the market. Key technical levels now separate potential recoveries from deeper declines, making the coming sessions crucial for these crypto tokens.
Filecoin is heading into its biggest supply change since the mainnet launch on October 15, when the vesting program ends and gross issuance drops roughly 75%. The shift lands just as Filecoin Onchain Cloud and Fil One bring paid demand onchain. FIL trades at $1.219 and holds a key Fibonacci level, a setup that could fuel a sharp price surge.
FIL trades at $1.219 after a 0.78% daily dip, holding the 0.5 Fibonacci level at $1.217. The token tested the 0.618 level at $1.273 on Oct. 11 and met resistance there. Both EMAs slope upward below price, at $0.952 and $0.900, which keeps the broader trend pointed higher.
Lower issuance cuts the supply reaching the market, and that backdrop supports a push above $1.273. A daily close beyond that level targets the 0.786 level at $1.353. The 1.0 level at $1.454 follows, with $1.500 as the next resistance line.
A daily close below $1.092, the 0.236 level, would invalidate the bullish outlook. That break would erase the early October recovery and expose the $0.980 range low.
Holding $1.161 keeps buyers in control.
RVN price plunged 20.4% in 24 hours as the Upbit delisting scheduled for October 12 arrived. The drop erased the September recovery and pushed price below the mid-September low. RVN now sits on the 1.0 Fibonacci level at $0.00172. Sellers control the daily trend, and a downward-sloping EMA reinforces that pressure.
RVN trades at $0.00171 after a 10.37% daily loss. The session opened at $0.00191 and bottomed at $0.00164. Price sits on the 1.0 Fibonacci level at $0.00172 after losing the 0.786 level at $0.00197.
The delisting removes the token from a major trading venue. A daily close below $0.00172 targets the 1.236 extension at $0.00145, about 15% below current price.
The falling EMA and the broken 0.786 level now cap any rebound attempt.
A daily close above $0.00197 would invalidate the bearish outlook. That move would lift price roughly 15% and reclaim the 0.786 level. Buyers would then target the EMA at $0.00225.
STRK ranked among the strongest performers of the past week, then fell 24.2% on Monday as buying momentum cooled. The token climbed 186.69% from its early October base and peaked at $0.125. The Money Flow Index (MFI) now shows buyers saturated at those levels. Price has slipped to $0.093 and faces a test of nearby support.
STRK trades at $0.093 after opening the session at $0.123. Sellers rejected price at the 1.236 Fibonacci level at $0.122 and pushed it below the 1.0 level at $0.103. The EMA at $0.063 rises well beneath price and aligns with the 0.5 level. Saturated MFI readings point to exhausted demand after a near-vertical advance.
The 0.786 level at $0.086 is the first target. A daily close below it exposes the 0.618 level at $0.072, and then $0.063, where the EMA and the 0.5 level converge.
A daily close above $0.103 would invalidate the bearish outlook. That move would reclaim the 1.0 level and shift momentum back to buyers. The 1.236 level at $0.122 becomes the counter-target, followed by $0.144 at the 1.5 extension.
SKY price fell by 18% over the past week, yet buyers continue to defend a key support zone. The October 7 low held the 0.786 Fibonacci level at $0.074, and the Chaikin Money Flow (CMF) indicator now shows rising inflows. Price trades at $0.078, and a recovery toward the early October peak above $0.100 remains possible.
SKY trades at $0.078 after a 4.03% daily loss, sitting on the 1.0 Fibonacci level. The EMAs at $0.069 and $0.067 rise beneath price. Both lines trail the 0.618 level at $0.070, which leaves a deep support cushion below the current range.
Rising CMF inflows suggest accumulation during the pullback. A daily close above $0.084, the 1.236 level, opens the way to the 1.382 level at $0.087.
The 1.618 level at $0.093 follows, with $0.100 as the final target.
A daily close below $0.074 would invalidate the bullish outlook. That move would break the 0.786 level that held on October 7.
Wormhole price jumped 69% on Monday before sliding 21.25%, nearly erasing the day’s gains. The reversal shows holders are booking profits as confidence in the rally weakens. Price now trades at $0.024, on the 1.382 Fibonacci level, after spiking above $0.030. The four-hour chart shows momentum shifting to sellers.
W trades at $0.024 after the latest four-hour candle lost 7.89%. That session opened at $0.026 and found support near the 1.382 level.
The rally peaked above the 2.618 level at $0.030. The EMAs at $0.016 and $0.014 sit far below price.
Profit-taking has produced two large red candles in a row. A four-hour close below $0.024 targets the 1.236 level at $0.023. The 1.0 level at $0.022 follows, with the 0.786 level at $0.021 as the deeper target.
A four-hour close above $0.025, the 1.618 level, would invalidate the bearish outlook. That move would recover the latest losses and show buyers absorbing the selling.
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