Altcoins to Watch for September Gains
As August wraps up, three altcoins—Helium (HNT), SUN.io (SUN), and BinaryX (BNX)—show potential for September gains. Watch for key resistance levels to determine their growth potential.
As August has seen a bearish trend in the cryptocurrency market, several altcoins are emerging as promising opportunities. While major cryptocurrencies have struggled, a few lesser-known coins show potential for significant gains this month.
Helium (HNT)
Helium (HNT) has been a standout performer among the top 100 cryptocurrencies, gaining over 43% in August despite the market’s overall decline. HNT is trading between $6.33 and $8.01, with these levels serving as critical points of consolidation. A breakout above the $8.01 resistance could push HNT towards $9.00, offering further upside for investors.
If HNT fails to surpass the $8.01 mark, it might remain within its current range, leading to potential stagnation rather than growth.
SUN.io (SUN)
SUN, the token of the TRON-based SUN.io platform, has surged by 326% in just nine days. Currently trading at $0.0346, SUN is approaching the resistance level of $0.03943. While this resistance has been challenging to break, SUN is expected to hold above the $0.0253 support level. This consolidation zone could provide the strength needed for a potential breakout.
However, if selling pressure increases, SUN might fall below $0.0253, potentially negating its recent gains and signaling a return to bearish conditions.
BinaryX (BNX)
BinaryX (BNX), the token for the BinaryX GameFi ecosystem, is showing signs of a bullish breakout. Trading at $1.27, BNX is moving within a broadening ascending wedge pattern. To confirm the bullish trend, BNX must flip the $1.66 resistance into support. If successful, BNX could rise to $2.00, with a potential 39% increase to $2.81 based on this pattern.
Failure to breach the $1.66 level could mean BNX remains within the $1.66 to $1.19 range, which might dampen investor sentiment and lead to a period of consolidation.
Bottom Line: In September, Helium (HNT), SUN.io (SUN), and BinaryX (BNX) show promise for gains if they break key resistance levels. However, failing to do so could limit their growth potential, or even cause a downtrend.
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