As Bitcoin stabilizes above the $66,000 mark, the altcoin market experiences a revival. Market capitalization, excluding Bitcoin and Ethereum, has recovered to $600 billion, marking an increase of 7.19% over the week. In this context, SUI and Pyth Network tokens show significant growth.

Current Cryptocurrency Market Situation

The stabilization of Bitcoin above $66,000 has favorably impacted altcoins. Excluding Bitcoin and Ethereum, the market capitalization has increased by 7.19% to $600 billion, indicating renewed investor interest.

Pyth Network: Dynamics and Forecasts

The PYTH token, with a market cap of $1.24 billion, is trading at $0.3448, showing a 13.91% increase over the past seven days. The formation of a rounding-bottom pattern suggests the possibility of further growth to the 23.60% Fibonacci level at $0.4489. A breakout above the 200-day EMA signals strengthening upward trend.

SUI: Growth Potential in October

The SUI token shows a rounding-bottom pattern with a breakout of the $2 psychological level. The current correction is considered a retest, opening the possibility for further growth. If the uptrend continues, the next targets could be the 1.272 and 1.618 Fibonacci levels at $3 and $4.80 respectively.

SUI and Pyth Network demonstrate significant strengthening in the wake of Bitcoin stabilization. Forecasts indicate the potential for further growth of these altcoins in October, making them among the leading contenders in the market.