3 Little-Known Altcoins with Potential for September Profits
As the cryptocurrency market continues to struggle in August, it’s becoming more challenging to find altcoins with momentum. However, a handful of hidden gems are emerging as potential winners. Here are three altcoins that investors should keep an eye on this month.
1. Helium (HNT): Despite the overall bearish market, Helium has proven itself by recording a significant rise of over 43% in August. Currently trading between $6.33 and $8.01, the coin’s next move depends on breaking through the $8.01 resistance level. If bullish momentum continues, HNT could breach this resistance and potentially reach $9.00, offering further gains for investors.
2. SUN.io (SUN): SUN, the native token of the TRON-based SUN.io platform, has garnered attention with its recent 326% rise in just nine days. Trading at $0.0346, an important resistance level to watch is $0.03943. While breaking this resistance has proven difficult in the past, SUN is likely to maintain its position above the $0.0253 support, providing a consolidation zone for future attempts at breaking resistance. However, if selling pressure intensifies, SUN could drop below the support level, erasing its recent gains.
3. BinaryX (BNX): BNX, the native token of the BinaryX GameFi ecosystem, shows signs of a potential bullish breakout. Trading at $1.27, BNX is moving within a broadening ascending wedge pattern. To confirm the bullish trend, BNX needs to convert the $1.66 confirmation line into support. If successful, the breakout potential could push the price towards $2.00, representing a 39% increase. However, if BNX fails to breach the $1.66 level, the bullish thesis would be invalidated, and the token could remain consolidated within the $1.66 to $1.19 range.
These three altcoins have shown promise amidst the bearish market, but their future performance is not guaranteed. Investors should carefully evaluate their risk tolerance and conduct thorough research before making any investment decisions.