The post Altcoins Poised for a Strong Upswing: SUI, ONDO, and HNT Prices May Maintian a Strong Ascending Trend appeared first on Coinpedia Fintech News
The crypto markets have shown a huge disparity in recent times as the major tokens are fluctuating within a narrow range. The bulls are failing to elevate the levels, while the bears are waiting for the right time to enter. With this, the top tokens have maintained a horizontal consolidation but some of the other altcoins have been witnessing a notable rise in their strength.
Sui (SUI) Price Analysis
SUI price has been training within a descending parallel channel for quite a while. The recent upswing has helped the price to rise above the resistance
The RSI is elevated which suggests the price may continue to maintain an ascending trend ahead and reclaim $1 anytime from now
However, the MACD displays a rise in buying pressure, which may keep up the momentum throughout the weekend
After reaching $1, the token may experience some bearish pullback but the resistance of the channel may offer a strong base to trigger a rebound and maintain a steep ascending trend
Ondo (ONDO) Price Analysis
The recent pullback has caused the ONDO price to drop below the ascending trend line that acted as a strong base over the past few months
Despite this, the price rebounded quickly after plunging below the 0.38 FIB level and appears to be poised to rise above 0.5 FIB at $0.836
The volume remains in the bullish favour and hence the price is expected to sustain above the gains
Once, the bulls revive a fine rise above 0.5 FIB, reclaiming $1 may not be a tedious job for the Ondo price rally
Helium (HNT) Price Analysis
The HNT price has broken the bull flag during the recent upswing which has elevated the levels to the upper resistance zone between $6.8 and $6.9
The token failed to surpass these levels which has elevated the bearish pressure but the bulls are offering a strong base which has held the rally close to the resistance
The RSI has undergone a bearish divergence after reaching the upper threshold, which may cause the levels to face some pullback
This could cause the levels to drain slightly close to $6 which could trigger a rebound back to $7 which may keep up the trend above $7.5