Top cryptocurrencies to keep an eye on this week HEGE SOL SAFE

The uptrend that dominated the market in recent weeks hit a roadblock last week, with the global crypto market losing $70 billion in a correction to $2.28 trillion.
This correction coincided with Bitcoin (
BTC
) closing the week at the lower spectrum of the $67,000 mark, dragging the broader market down. However, some altcoins demonstrated resilience.
Here are our picks for the top cryptocurrencies to watch this week following noteworthy price movements last week:
HEGE on a recovery push
Hege (
HEGE
) initially succumbed to the week’s bearish
pressure
, but eventually staged a recovery at the close of the week.
Despite this late rebound push, Hege ended last week beneath the $0.01 mark, slumping by nearly 18%. This marked the first time it traded below $0.01 this month.
HEGE 1D chart – Oct. 27 | Source:
Trading View
Its recovery came on Saturday, gaining 20% that day. The uptrend has spilled into the new week, with an additional 10.70% gain this morning.
Hege’s rebound appears to be forming a V bottom pattern, which could complete with a rally to $0.0147, the previous top.
Interestingly, the asset’s RSI currently sits at 46.71. This position confirms that HEGE still has massive room for more upsurge, but it needs to maintain the $0.01 level to sustain the recovery this week.
A drop below Fib. 0.382 ($0.00975) could trigger a new downturn.
Hege is a meme cryptocurrency that launched in April. It revolves around a storytelling concept involving a character navigating financial struggles and seeking redemption.
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SOL bucks the trend
Solana (
SOL
) bucked the negative trend in the market, closing last week with a 7% gain while the rest of the market dropped. SOL ended the week above $170 despite starting below $160.
SOL 1D chart – Oct. 27 | Source:
Trading View
A CCI of 111.50 suggests Solana’s momentum is strong, with the uptrend likely to continue amid whale
accumulation
. However, caution is advised, as the CCI is now close to overbought territories.
Should a correction ensue this week, the $159.46 level, which previously acted as resistance, represents the first robust support. A slip below this level would bring the Pivot level at $144.76 into play.
If the selling pressure breaches this Pivot point, the momentum could flip bearish. In such a scenario, Solana’s next support levels are $128.80, $118.94, and $102.98.
SAFE spikes 55%
Like Solana, Safe (
SAFE
) set its own path last week, ignoring the direction of the broader market. The altcoin’s biggest push
came
on Oct. 24, when it spiked 40.54%, its largest intraday gain this year, following Upbit’s listing.
SAFE 1D chart – Oct. 27 | Source:
Trading View
SAFE sustained the gains the following day, gaining by another 11.52%. Despite a mild retracement on Saturday, the asset closed the week with a 55% increase at $1.468.
SAFE maintains its bullish momentum, with the +DI of the Directional Moving Index currently at 39.6, while the ADX sits at 40.5. Meanwhile, the -DI currently trades at 8.8, suggesting a slowdown in the bearish push.
However, the recent correction has spilled into the new week, with Safe shedding 6.81% of its value today. Amid the drop, the Fib. 0.618 level ($1.269) could serve as the next line of defense, with a steeper drop threatening to bring $1.11 into the picture.
In 2022, Safe was spun out from Gnosis, a well-known Ethereum-based decentralized platform. The separation occurred as part of a strategic move to establish Safe as an independent entity, allowing it to focus more narrowly on its multisignature wallet technology and decentralized infrastructure.
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