Throughout August, the cryptocurrency market, led by Bitcoin, largely faced a downtrend, creating hurdles for many altcoins. Despite this, some hidden gems have shown potential for significant performance in September. This article evaluates three notable projects that could stand out in the coming month.
Can Helium Maintain Its Upward Trajectory?
Helium (HNT) emerged as a standout performer in August, witnessing an impressive 43% rise even amidst a general market slump. Currently trading between $6.33 and $8.01, the crypto’s next move hinges on surpassing the $8.01 resistance. If it can maintain its bullish momentum, HNT could potentially push towards $9.00, offering lucrative opportunities for investors.
What’s Next for SUN After a 326% Surge?
SUN, the native token of the TRON-based SUN Io platform, captured market attention with a 326% increase in just nine days. Trading now at $0.0346, it faces a critical resistance level at $0.03943. While breaking this level has been challenging in the past, SUN is expected to remain above the $0.0253 support, consolidating strength for future resistance attempts.
The BinaryX GameFi ecosystem’s native token, BNX, shows signs of a potential bullish breakout. Trading at $1.27, BNX is moving within an expanding ascending wedge and needs to turn the $1.66 confirmation line into support. Success here could propel the price towards $2.00, with a breakout potentially leading to a 39% increase, setting a target price of $2.81.
Actionable Insights for Investors
Investors can draw several concrete insights from these developments:
- Monitor HNT carefully for a breakout above $8.01, which may signal further gains.
- Keep an eye on SUN as it trades near critical resistance; a breakout could indicate significant upward movement.
- Watch BNX’s performance around the $1.66 confirmation line for a possible bullish breakout.
In summary, while the broader cryptocurrency market struggled in August, Helium, SUN, and BNX have shown potential for notable performance in September. Investors should keep a close watch on these projects as they navigate critical resistance and support levels.