---
title: "3 top cryptocurrencies to watch this week"
url: https://diffcoin.com/3-top-cryptocurrencies-to-watch-this-week/
description: "Sui, Chiliz and 8-Bit Coin are our top cryptocurrencies to watch this week following their notable contributions"
published: 2024-10-13
updated: 2024-10-13
author: "Mila"
site: "Diffcoin"
---

# 3 top cryptocurrencies to watch this week

The global crypto market staged a recovery last week, posting a 2.79% increase and closing with a market capitalization of $2.21 trillion.

This surge added $60 billion to the market’s overall valuation.

While Bitcoin (BTC) spearheaded the rally, several altcoins also played a role in the market’s recovery. Below are some of the standout performers from last week:

## SUI rallies 28%

Sui (SUI) had a strong showing last week, surging 28% from $1.75 to close at $2.24. Its most bullish moments came up during the market recovery on Oct. 11 and 12, during which it spiked 21%.

![SUI, CHZ, COIN: Top cryptocurrencies to watch this week - 1](https://crypto.news/app/uploads/2024/10/Sui-1D-Chart-1.png)

SUI 1D chart – Oct. 13 | Source: crypto.news

Sui dropped 5.60% on Oct. 9 despite a bullish announcement involving Circle’s USDC. Currently trading at $2.2266, SUI is now above the upper boundary of the Keltner Channel at $2.2186, which indicates potential overbought conditions.

This suggests that while the momentum is strong, a period of consolidation or a minor correction could follow this week unless strong buying pressure persists. Volume remains high, so bulls could leverage this.

Meanwhile, the Aroon Up is at 100%. In contrast, Aroon Down at 28.57% indicates a weak downtrend. However, if the Aroon Down rises this week, this may indicate growing bearish pressure. In this case, SUI could find support at $1.8286.

The Sui token was created by Mysten Labs, a blockchain infrastructure company founded by engineers who previously worked at Meta Platforms on the Diem (formerly Libra) project.

The company was co-founded by notable figures including Evan Cheng, Sam Blackshear, Avery Ching, and George Danezis, all of whom contributed to Meta’s blockchain and cryptocurrency efforts before transitioning to build Sui.

## CHZ retests 4-month high

Chiliz (CHZ), a cryptocurrency that powers the Chiliz blockchain, leveraged the broader market movements last week to maintain its rounded bottom structure, as it sustained a trend of lower lows.

See below.

![SUI, CHZ, COIN: Top cryptocurrencies to watch this week - 2](https://crypto.news/app/uploads/2024/10/CHZ-1D-Chart.png)

CHZ 1D chart – Oct. 13 | Source: crypto.news

The altcoin closed the week with an 11.8% gain, but its most impressive performance occurred as notable spikes throughout the week. For instance, on Oct. 9, CHZ rallied to a 4-month peak of $0.0784 before facing a roadblock.

Chiliz has now recorded another 9% rally in the new week, pushing it above the upper Bollinger Band at $0.0752. A retest and bounce off this level would signal continuous strength for a sustenance of the current uptrend.

However, if the bears are able to trigger a drop below the upper Bollinger Band, investors should pay close attention to the 20-day MA ($0.0663), which currently acts as the major support above the $0.06 psychological region.

Chiliz is primarily focused on the sports and entertainment industries. It was created by entrepreneur Alexandre Dreyfus in 2018, to transform fan engagement through blockchain technology.

## COIN records six bullish days

Last week, 8-Bit Coin (COIN) secured six bullish days out of seven. Like the rest of the market, COIN began the week strong, but maintained its uptrend from Oct. 7 to 10 despite the broader market facing a correction.

![SUI, CHZ, COIN: Top cryptocurrencies to watch this week - 3](https://crypto.news/app/uploads/2024/10/COIN-1D-Chart.png)

COIN 1D chart – Oct. 13 | Source: Trading View

The asset’s only bearish day came up on Oct. 9, when it dropped 2.78%. Meanwhile, it sustained a trend of lower lows that has played out since Oct. 4, eventually closing the week with an impressive 22% rise.

8-Bit Coin’s most impressive feat was maintaining a neutral RSI of 56.49 despite the 22% increase last week. This suggests that it still has room for further upward momentum.

If the bulls maintain the uptick, its next resistance level would come in at $0.0007335, after which it could battle the $0.00008016 resistance. Amid a recent drop, COIN must ensure it holds the crucial Pivot level at $0.0006232, as a slump below it could tilt the momentum to bearish.

The 8-Bit Coin is a cryptocurrency created as a tribute to retro gaming systems, such as the Atari 7800. It operates on the Solana blockchain and is intended for use in gaming-related applications, allowing users to earn rewards and participate in a community focused on nostalgia and gaming culture

[Source link](https://crypto.news/sui-chz-coin-top-cryptocurrencies-to-watch-this-week/)