Altcoin Price Action: QNT, BTW, and SUI Poised for Volatility

The first week of October is expected to bring significant price movements for three altcoins: Quant (QNT), Bitway (BTW), and Sui (SUI).

Quant's price surged by approximately 350% over the past week, with its weekly Relative Strength Index (RSI) peaking at 91 points before moderating to 86. The token's adoption by The Clearing House for tokenized deposit settlements among leading U.S. banking institutions is seen as a key driver of this momentum.

The price of Quant broke above three prior descending resistance levels, but the presence of an extended upper wick near its weekly peak suggests that sellers took profits at higher levels. If a deeper correction unfolds, the $160.70 threshold will act as primary technical support for QNT.

In contrast to Quant's rapid price increase, Bitway's price has been expanding within a broadening megaphone formation. Theoretical targets for buying momentum are set at $1.69 and $2.14, but technical indicators point to bearish divergences on the RSI and declining trading volume.

Sui, the native token of the Sui network, recorded a 30% advance over the last seven days following the deployment of Hashi, a technical framework enabling Bitcoin deposits as collateral within the network. However, if the current level is lost, a retracement toward the $1.12 support floor may occur.