The post These Hot Altcoins Surged Non-Stop Past Week, Setting a Strong Narrative This Week: SUI & TAO Need to be Monitored appeared first on Coinpedia Fintech News
A couple of years ago, altcoins like Solana, POS (Polygon), Dogecoin, Uniswap, Chainlink, etc. surged historically and demonstrated one of the iconic bull runs. Now that the traders have shifted their focus onto the other platforms, the next set of altcoins is set to initiate a massive run in the coming weeks. Among them here are some of the altcoins that appear to have begun their bull run and are expected to enter the October trade on a bullish note.
Sui (SUI)
Sui priced a steep ascending trend since the start of the month and has intensified since the past week. After a 40% rise, it was believed that the bull may face some exhaustion, but rather they are gearing up for the next ascending trend. Although the bears are trying to extract profits, the rally is believed to trigger another 30% rise this week.
After a breakout from the descending parallel channel, the price shoots up to the crucial resistance zone between $1.62 and $1.65. Unfortunately, the bears are restricting the rally below the range, but the technicals suggest a rise could be imminent. The RSI trades within the overbought zone and as long as it remains within the upper range, the SUI price is believed to undergo a strong breakout.
With this, the SUI price is believed to surge above the range and reach $1.82, aiming to achieve $2 in the first few days of October.
Bittensor (TAO)
Similar to Sui, Bittensor Price has also undergone a similar breakout from the descending parallel channel and printed massive bullish candles. The price is just 25% away from the highs and a breakout above the yearly range may help the bulls gain strength and trigger a fresh ascending trend ahead.
The TAO price halted the bearish trend with a strong consolidation, which was followed by a massive breakout beyond the crucial resistance. However, the price is facing some difficulty in surpassing the next resistance at $547.7, but a smooth rise is expected after a brief consolidation, propelling it above $600. Meanwhile, the major resistance resides around $620, which may trigger a fresh upswing towards a new ATH.