Altcoins like GOAT, SUI, and POPCAT have faced notable shifts in momentum following their recent peaks. GOAT, which hit an all-time high of $1.37, has declined 25.42% over the past week, falling out of the top 10 meme coin rankings.
SUI, after reaching $3.94, has dropped 7.56%, slipping below a $10 billion market cap and trailing behind altcoins like Bitcoin Cash and Chainlink. Meanwhile, POPCAT has seen a sharp 21.00% decline from its $2.08 high, signaling potential further corrections as bearish technical patterns emerge.
GOAT
GOAT price has seen a significant decline, dropping 25.42% in the past week and falling below its $1 billion market cap. After reaching an all-time high of $1.37 on November 17, the altcoin’s momentum has cooled.
Once ranked among the top 10 meme coins by market cap, it is now 12th, losing places to MOG and MEW.
If bullish momentum returns, GOAT could test resistance at $1.23, potentially surpassing its previous high of $1.37. However, EMA lines indicate a prevailing downtrend.
Should this continue, the coin might test support at $0.69, and if that level fails to hold, prices could fall as low as $0.419.
SUI
SUI hit its all-time high of $3.94 on November 17 but has since entered a downward trend, falling 7.56% over the past week.
The altcoin recently dropped below a $10 billion market cap, slipping behind other rising altcoins like Bitcoin Cash (BCH) and Chainlink (LINK). The coin recently faced a two-hour outage, but its price didn’t fall as much as many expected, staying above $3.
EMA lines suggest SUI is in a downtrend, with short-term lines nearing a bearish cross below long-term ones. If this continues, SUI could test support at $3.09, with a potential drop to $2.2 if the lower level fails to hold.
However, renewed bullish momentum could see SUI challenge its all-time high of $3.94 and possibly test $4, pushing its market cap to $11.5 billion for the first time.
POPCAT
POPCAT reached an all-time high of $2.08 roughly one week ago but has since seen a sharp decline, falling 21.00% in the last seven days.
This drop has been accompanied by bearish signals, with its shortest-term EMA lines crossing below the longest ones, forming a death cross. This technical pattern suggests growing selling pressure and potential for further downside.
If the correction continues, POPCAT could test support at $1.17, with a possibility of falling as low as $0.9 if the lower support fails.
However, a reversal in momentum could see POPCAT rise to test $1.82, and if this resistance is broken, it may return to the $2 mark, potentially setting a new all-time high.
The post 3 Altcoins to Watch in the Fourth Week of November 2024 appeared first on BeInCrypto.