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<p class="is-style-lead">Altcoins took a hit last week, leading to a $40 billion decline in the global crypto market cap, which dropped to $2.09 trillion. This week’s trio of top cryptocurrencies are worth watching in the coming days.</p> 
<h2 class="wp-block-heading" id="rare-secures-223-weekly-gain">RARE secures 223% weekly gain</h2> 
<p>SuperRare (<a href="https://crypto.news/price/superrare/" data-type="link" data-id="https://crypto.news/price/superrare/">RARE</a>), the native token of the <a href="https://crypto.news/superrare-an-nft-marketplace-laying-off-30-of-staff/" target="_blank" rel="noreferrer noopener">NFT marketplace</a>, witnessed volatility last week. </p> 
<p>The token started the week with a 34% surge before facing a three-day decline from Aug. 12 to 14, dropping 18%.&nbsp;</p> 
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  <img loading="lazy" decoding="async" width="1854" height="835" src="https://crypto.news/app/uploads/2024/08/RARE-1D-Chart_120834.png" alt="RARE, FXS, COTI: Top cryptocurrencies to watch this week - 30"> 
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  RARE 1D chart – Aug. 18 | Source: <a href="https://www.tradingview.com/" target="_blank" rel="">Trading View</a>
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<p>However, it rebounded on Aug. 15, triggering a surge in social volume, according to a disclosure from LunarCrush. </p> 
<p>Amid a resurgence of interest, RARE sustained the run, spiking 127% in three days and closing the week with a 223% gain.</p> 
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   <p lang="en" dir="ltr">Huge week for <a href="https://twitter.com/search?q=%24RARE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$RARE</a>. <br><br>Price is +47% while social share jumps to 0.65% vs. all of crypto. <a href="https://t.co/TktlP8pvFa" target="_blank" rel="">pic.twitter.com/TktlP8pvFa</a></p>— LunarCrush Social Intelligence (@LunarCrush) <a href="https://twitter.com/LunarCrush/status/1824227974880862595?ref_src=twsrc%5Etfw" target="_blank" rel="">August 15, 2024</a>
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<p>The token’s RSI now stands at 91.14, indicating an overbought condition. This suggests a possible upcoming correction. The CCI, at 374.45, also signals massive overbought levels, confirming these sentiments.</p> 
<p>The latest run has helped RARE surpass the 0.236 Fibonacci level, as it currently looks to sustain its position above $0.3. If RARE holds the 0.236 Fibonacci support, it may continue upwards.</p> 
<p> You might also like: <a href="https://crypto.news/spot-bitcoin-etf-inflows-223-crypto-market-corrects/"> Spot Bitcoin ETF inflows jump 223% as crypto market corrects </a> </p> 
<h2 class="wp-block-heading" id="fxs-maintains-resilience">FXS maintains resilience&nbsp;</h2> 
<p>Frax Share (<a href="https://crypto.news/price/frax-share/" data-type="link" data-id="https://crypto.news/price/frax-share/">FXS</a>) exhibited limited volatility last week, closing at $1.906. This represented a meager 0.67% drop. This lackluster movement contrasted the primarily <a href="https://crypto.news/bitcoin-price-risks-falling-to-44k-if-key-support-breaks/" target="_blank" rel="noreferrer noopener">bearish trend</a> in the broader market, suggesting a hint of resilience from FXS.</p> 
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  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/FXS-1D-Chart_120836.png.webp"> 
  <img loading="lazy" decoding="async" width="1854" height="835" src="https://crypto.news/app/uploads/2024/08/FXS-1D-Chart_120836.png" alt="RARE, FXS, COTI: Top cryptocurrencies to watch this week - 31"> 
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  FXS 1D chart – Aug. 18 | Source: <a href="https://www.tradingview.com/" target="_blank" rel="">Trading View</a>
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<p>However, Frax Share’s moving averages indicate bullish potential. The asset recently crossed above the nine-day MA (orange line) as its short-term momentum flipped bullish.&nbsp;</p> 
<p>Also, the nine-day MA looks to cross above the 21-day MA (green line). If this MA cross occurs, it could suggest a bullish reversal on the horizon.&nbsp;</p> 
<p>The Stochastic Momentum Index also supports this outlook. The SMI line (blue) has surged above the MA line (orange), indicating building bullish momentum. As both indicators align, <a href="https://crypto.news/fxs-surging-as-demand-for-lsds-increases/" target="_blank" rel="noreferrer noopener">FXS</a> could be poised for an upward move. However, confirmation in the coming days is essential.&nbsp;</p> 
<h2 class="wp-block-heading" id="coti-faces-mixed-sentiments">COTI faces mixed sentiments</h2> 
<p>COTI (<a href="https://crypto.news/price/coti/" target="_blank" rel="noreferrer noopener">COTI</a>) was bearish throughout last week, collapsing 14% from Aug. 11 to 15. However, it recorded a 21% surge on Saturday to close the week with a 10% increase.&nbsp;</p> 
<p>The asset has now been corrected as it encounters selling pressure.&nbsp;</p> 
<figure class="wp-block-image size-full">
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  <img loading="lazy" decoding="async" width="1856" height="831" src="https://crypto.news/app/uploads/2024/08/COTI-1D-Chart_120830.png" alt="RARE, FXS, COTI: Top cryptocurrencies to watch this week - 32"> 
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  COTI 1D chart – Aug. 18 | Source: <a href="https://www.tradingview.com/" target="_blank" rel="">Trading View</a>
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<p>The daily pivot points show key resistance at $0.10017, $0.12553, and $0.14120. COTI’s immediate support lies at $0.07481, representing S1. </p> 
<p>A breakdown below S1 could push prices towards S2 at $0.05914.</p> 
<p>Meanwhile, the Directional Moving Index indicates bearish momentum. The ADX (red line) is at 30.4, suggesting a strong trend, while the -DI (orange line) at 22.57 is above the +DI (blue line) at 19.04, confirming bearish pressure.</p> 
<p>COTI’s ability to hold above S1 is crucial. Failure to do so could trigger further downside, whereas breaking through the Pivot might offer a chance for a recovery rally.</p> 
<p> Read more: <a href="https://crypto.news/airbnb-host-come-for-the-stay-leave-with-100k-in-crypto/"> Airbnb host: Come for the stay, leave with $100k in crypto </a> </p>

RARE, FXS, COTI: Top cryptocurrencies to watch this week

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