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Throughout August, the cryptocurrency market, led by Bitcoin, largely remained in a downtrend, making it difficult for many altcoins to gain momentum due to selling pressure. While most major cryptocurrencies failed to impress, some hidden gems could emerge as potential winners. Here, we examine three significant projects that could make a mark in September.
HNT Chart Analysis
Among the top 100 cryptocurrencies, Helium (HNT) stood out with an over 43% increase in August, despite the general downtrend. This suggests that Helium could continue to perform well in the coming months and might be a coin to watch closely.
HNT is currently trading in the range of $6.33 to $8.01, which are significant consolidation points. The next move for the crypto depends on whether it can surpass the $8.01 resistance level. If the bullish momentum continues, HNT is likely to break this resistance, potentially pushing the price towards $9.00, offering more gains for investors.
SUN Chart Analysis
The native token of the TRON-based SUN Io platform, SUN, has recently caught the market’s attention with its performance. Known as the first platform supporting TRON’s stablecoin swaps, token mining, and self-governance, SUN experienced a remarkable 326% increase in just nine days.
Currently, SUN is trading at $0.0346, just below the critical resistance level of $0.03943. This resistance has proven difficult to break in the past, leading to tempered expectations for a breakout. Nevertheless, SUN is likely to maintain its position above the $0.0253 support. Investors might find this range significant as it represents a consolidation zone where the token could gather strength for future resistance-breaking attempts.
BNX Chart Analysis
The native token of the BinaryX GameFi ecosystem, BNX, shows signs of a potential bullish breakout. Currently trading at $1.27, BNX is moving within an expanding ascending wedge. The token appears to be gaining upward momentum by bouncing off the lower trend line of this pattern.
For the bullish formation to be confirmed, BNX needs to turn the confirmation line at $1.66 into support. If this happens, it will validate the breakout potential and likely push the price towards $2.00. Based on the expanding wedge formation, such a breakout could lead to a 39% increase, setting a target price of $2.81.
