Kaspa

<p><strong>Date: </strong>Fri, Oct 04, 2024, 06:29 AM GMT</p><p>October is usually a bullish month for crypto, but this year has been an exception. The escalating geopolitical tensions between Iran and Israel have sparked fear in the markets, triggering a panic sell-off. As a result, top altcoins like Sui (SUI), Kaspa (KAS), and Sei (SEI) have taken significant hits, but are now showing signs of stabilizing at key support levels.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/a8655cb7d7624ac7a9cfe46b0ab1be90.png" />Source: Coinmarketcap</p><h3 id="sui-sui">Sui (SUI):</h3><p><a href="https://coinsprobe.com/q3-2024s-fastest-growing-blockchains-by-tvl-sei-sui-and-core-take-top-spots/" rel="noopener noreferrer nofollow">Sui </a>has been one of the best-performing altcoins recently. However, the market&#39;s selling pressure has pushed SUI down to its key support level around $1.60. Despite this drop, SUI has shown resilience, bouncing slightly and currently trading at $1.71. If it holds this level, SUI could see a potential rebound.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7b284f53033e4d90bac72a17ded6424c.png" /></p><h3 id="kaspa-kas">Kaspa (KAS)</h3><p><a href="https://coinsprobe.com/why-kaspa-is-declining-despite-the-altcoin-rally-heres-why/" rel="noopener noreferrer nofollow">Kaspa </a>has been under pressure, with a 30% drop from its recent high of $0.21 to a low of $0.14. However, KAS seems to have found support at its trendline, suggesting the worst might be over. It’s now showing signs of recovery, trading at $0.15. A continued rise could mark the beginning of a rebound for Kaspa.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/52b9084b601a471a87f863d571329f4c.png" /></p><h3 id="sei-sei">Sei (SEI):</h3><p><a href="https://coinsprobe.com/q3-2024s-fastest-growing-blockchains-by-tvl-sei-sui-and-core-take-top-spots/" rel="noopener noreferrer nofollow">Sei </a>has had an impressive run, still up 57% over the last 30 days. However, the market correction has brought SEI back to retest its breakout level at $0.3911. At present, it’s hovering slightly above this, trading at $0.3942. Holding above this support could indicate a continued upward trend.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ec22b32fee574007bf36ec70464b40aa.png" /></p><h3 id="what-to-expext-next">What To Expext Next?</h3><p>Bitcoin has been making a recovery after facing rejection at the $66K level on October 1st. This has led to a series of bull traps, pushing BTC down to $60K. Despite the downturn, BTC is showing strong support at this level and currently trading at $61200. If it holds, we could see a market-wide recovery. However, failure to maintain $60k, support may lead to another round of sell-offs.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ce8d903d797942a8a5606ee3e541e457.png" /></p><h3 id="conclusion">Conclusion</h3><p>While the recent downturn has rattled the market, key support levels are holding for top altcoins like SUI, SEI, and KAS. If these levels remain intact, a recovery could be on the horizon. However, caution is advised, as the market remains volatile due to external geopolitical factors.</p><p><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.</p><p><strong>Also Read: </strong><a href="https://coinsprobe.com/ftx-token-ftt-rallies-ahead-of-key-bankruptcy-distribution-hearing/" rel="noopener noreferrer nofollow">FTX Token (FTT) Rallies Ahead of Key Bankruptcy Distribution Hearing.</a></p>

Top Altcoins SUI, KAS, and SEI Rebound from Key Support— What To Expect Next?

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