Goatse Maximus (GOAT) and Safe (SAFE) Lead This Week's Altcoin Gainers

As October draws to a close, the crypto market has seen some unexpected names rise to the top, with small caps and meme coins taking center stage.

As October nears its end, smaller cryptocurrencies have taken the spotlight, with meme coins and low-cap alts leading the market gains.

BeInCrypto has analyzed this week’s top altcoin gainers, led by the coin of the week, Goatseus Maximus (GOAT).

Goatseus Maximus (GOAT)

GOAT saw an impressive 210% rise over the past week, with this surge leading to a new all-time high of $0.902. The cryptocurrency’s rapid growth has brought it to the attention of many investors, making it one of the top-performing tokens in recent days.

Currently, GOAT is seen consolidating above the $0.640 support level while remaining below the resistance at $0.904. This range suggests that the altcoin is preparing for further gains, with the potential to set new all-time highs if it maintains its momentum.

However, if investors decide to cash in on the recent gains, GOAT may experience a correction. If the support at $0.640 fails to hold, the token could drop down to $0.466, potentially erasing a portion of its recent gains. This level would signal a shift in sentiment, with further declines invalidating the bullish outlook for GOAT.

Safe (SAFE)

SAFE saw a substantial 58% increase over the past week, bringing its trading price to $1.48, with intra-week highs reaching $1.87. This surge highlights strong investor interest and optimism in the altcoin, especially in the current market environment. SAFE’s recent price action has positioned it among the top altcoin gainers.

Currently, SAFE is holding above the crucial $1.30 support level, with its sights set on breaching and flipping $1.64 into a stable support floor. If successful, this move would pave the way for a rise back to $1.87 and potentially higher, reinforcing the positive momentum built over the past week.

However, if SAFE loses the $1.30 support, a drop to $1.10 could follow, putting recent gains at risk. Such a decline could shift sentiment, with further losses challenging the current bullish outlook.

Raydium (RAY)

RAY experienced a nearly 40% increase in the past week, with the altcoin now trading at $3.01. This strong upward movement has brought RAY to test the resistance at $3.33, a critical level for continued growth.

A successful flip of the $3.33 resistance into support could drive further gains for RAY, signaling a stable foundation for additional growth. Establishing this support level may also reduce selling pressure as investors hold their positions, anticipating continued bullish performance.

However, if selling pressure builds, RAY could face a retracement to the $2.71 support level. Losing this level would likely push RAY further down to $2.45, potentially invalidating the current bullish outlook.