Uniswap (UNI): A 19% Surge Following Layer-2 Unichain Announcement

Uniswap’s UNI token soared by 19% this week after announcing its new Layer-2 solution, Unichain, aimed at improving scalability and reducing transaction costs. However, despite the excitement, UNI faces strong resistance at $8.2, and sellers are pushing back. If the token can maintain its bullish momentum, UNI might break through this level and target $8.6 next. However, the RSI indicates cooling off, suggesting possible volatility ahead. Key support levels lie at $7.4 and $6.6, which represent potential downside risks.

Sui (SUI): Nearing an All-Time High with a 16% Gain

SUI has been one of the week's top performers, rising nearly 16% and approaching its all-time high. While momentum remains strong, there are signs of slowing down as the RSI nears overbought territory. SUI is just 5% away from its record high of $2.18. If the uptrend continues, it could break through resistance at $2.15. However, if the momentum fades, SUI might face a sharp correction down to $1.59, which would represent a 22% decline from its current price.

NEIRO: A Meme Coin on the Rise with a 65% Climb

NEIRO has had an incredible week, climbing 65% due to multiple exchange listings. The token is now nearing its all-time high, driven by growing investor enthusiasm. With EMA lines indicating a bullish trend and RSI still below overbought levels, NEIRO might continue its upward trajectory, possibly reaching a new high at $0.00193. However, the absence of strong support levels means a potential reversal could be severe, with a possible 50% drop if the bullish trend falters.

Worldcoin (WLD): Gaining Momentum with a 15% Jump

Worldcoin has regained attention after rising by over 15% and reclaiming a $1 billion market cap. Despite this resurgence, WLD still faces key resistance levels around $2.5. For WLD to return to its July high, it must break through resistance points at $1.93 and $2.17. If WLD fails to maintain its momentum, a significant correction could push the price down to $1.52, representing a 21% decline.

Conclusion

This week has been a rollercoaster for altcoins, with UNI, SUI, NEIRO, and WLD leading the charge. While these tokens are showing strong gains, caution is advised as many are nearing overbought levels and could face potential corrections. Investors should watch key resistance and support levels closely to gauge the future direction of these assets.