DOGE, APE, DIA: Top cryptocurrencies to watch this week

The global crypto market cap added $140 billion, spiking 6.3% to close the week above a two-month peak of $2.35 trillion.

Bitcoin (BTC) championed the recovery, breaking past $68,000 and sparking a strong rally across the altcoin market.

Here are some of the assets that leveraged this rebound campaign and how they performed:

DOGE records seven straight intraday gains

Dogecoin doge 2.09% was one of the biggest beneficiaries of the market recovery last week, recording seven consecutive days of gains throughout the week.

The dog-themed meme coin closed the week at a four-month high of $0.144, having gained 27%. This marked Dogecoin’s best weekly performance since late February during the broader meme coin market rally.

However, the latest uptrend has faced a roadblock, following a spike in the Dogecoin CCI to 247. If this week introduces bearish pressure, DOGE would need to hold above $0.137 to avoid the 20-day SMA support at $0.116.

APE spikes 54% on mainnet launch

Despite underperforming throughout last week, ApeCoin ape 63.16% engineered a last-minute rally that saw it close the week at $0.87 amid a 20% gain.

This upsurge was mainly due to the mainnet launch of ApeChain, the project’s blockchain, yesterday.

After breaching $0.92, APE faced major resistance at the upper Bollinger Band yesterday. However, the uptrend resumed in the new week, with APE surging 54% to breach the $1 mark for the first time in four months.

Meanwhile, its RSI has crossed into overbought territories at 85. This position suggests the rally might face exhaustion without renewed buying pressure. A drop below $1 could lead to steeper declines.

DIA hits 32-month peak

DIA (DIA) began the week bearish, but recovered to outperform most assets. After a mixed performance, DIA spiked by a massive 42% on Oct. 17, reclaiming $1 for the first time in two years.

Following an 8% correction the next day, DIA resumed the uptrend, gaining by another 14% on Oct. 19. This allowed it to close the week with a 44% gain, trading at a high last seen 32 months ago. Its monthly volume has spiked to 716 million DIA, the highest in history.

Meanwhile, the token’s +DI has spiked to 40.28, confirming immense bullish momentum. The ADX at 50.19 suggests that the push is especially strong. However, this could also indicate an overextension of the rally, with a correction looming.