Crypto
Top 5 Altcoins To Watch This Week: RVN Faces Delisting
Five altcoins face pivotal levels this week as rallies, support tests, and a major exchange development reshape market momentum.
BLOCKINSIDERLoadingFive altcoins face pivotal levels this week as rallies, support tests, and a major exchange development reshape market momentum.
The altcoin market is showing sharply different setups as recent rallies collide with rising profit-taking and critical support tests. Some assets continue to push higher after powerful advances, while others struggling to defend key levels as bearish pressure builds.
Meanwhile, fundamental catalysts are adding another layer of uncertainty, with a supply-reduction proposal and an exchange delisting influencing sentiment.
Midnight (NIGHT) is trading at $0.047 after a 70% gain over the past week. Price holds between the 3.618 extension at $0.044 and the 4.236 level at $0.048. The 95.97% surge from $0.024 leaves price far above the $0.034 moving average.
NIGHT posted the highest growth over the past week. Price now consolidates above $0.044 after probing the $0.052 resistance on October 3.
Shallow pullbacks show buyers absorbing profit-taking. A daily close above $0.048 targets $0.052.
A daily close below $0.044 would invalidate the bullish thesis. That break would target $0.037, the 2.618 extension level. The $0.034 moving average would follow.
RVN can be seen changing hands at $0.00245 after a 4.61% daily gain. Price reclaimed the $0.00240 moving average but remains below the $0.00251 swing high. Today's candle spiked to $0.00287 before sellers pushed it back.
The upcoming Upbit delisting weighs on sentiment. RVN has failed to clear the $0.00251 high since the September 16 low. A daily close below $0.00240 targets $0.00226, the 0.5 retracement level. Further losses expose $0.00220.
A daily close above $0.00251 would invalidate the bearish thesis. That break would target $0.00287, today's high.
NEAR is presently hovering at $5.015 after rallying from the $1.538 August low. Price sits between the $4.625 retracement level and the $5.578 swing high. The Bollinger middle band at $4.480 sits below, while the upper band reads $5.884.
SVRN brought a proposal to a House of Stake vote. It would ramp maximum issuance down from 2.5% to 1.6% over 24 months.
Lower issuance supports price, and the 90/10 split stays intact. NEAR, however, has stalled below $5.578 since late September.
A daily close above $5.578 would open the $6.000 resistance. A close below $4.625 would shift momentum lower toward $4.035. The vote outcome could tip the balance.
Hedera’s native token is trading at $0.101 after a 3.07% daily decline. Price sits on $0.101 support, well below the $0.123 peak of September 28. Both moving averages, at $0.088 and $0.083, trail far below.
HBAR was the worst performer over the past week. Sellers rejected the $0.123 level on September 28, and price has stalled since. Repeated tests weaken the $0.101 support. A daily close below it targets $0.093, then the $0.088 moving average.
A daily close above $0.112 would invalidate the bearish thesis. That move would reverse the weekly downtrend and target $0.123.
LayerZero (ZRO) is moving at $2.077 after a 5.20% daily gain. Price sits just above the 2.618 Fibonacci level at $2.043. The two moving averages, at $1.198 and $1.256, sit far below.
Bullish cues look oversaturated, with price stretched well above both averages. Sellers capped today's high at $2.106. Still, the $1.198 average is closing in on the $1.256 average. That convergence points to a golden cross in the making.
A daily close above $2.472, the 3.618 level, would extend the rally. A close below $2.043 would signal exhaustion and target $1.777. A completed golden cross would tilt the balance toward buyers.
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