The post Top Altcoins To Book Massive Profits This August! appeared first on Coinpedia Fintech News
With the rising volatility in the cryptocurrency market, top tokens have recorded increased price action. However, with the recent market surge, the altcoin leader, Ethereum price has successfully reclaimed the $2.6K mark. This highlights a high possibility of a bullish rebound soon.
Following this, top altcoins have recorded a similar price movement by adding significant value to their respective portfolios within a short period. Planning to invest in this bear market-like situation to book massive short-term profits?
Let’s take a look at the top 3 altcoins that have the potential to outperform the top cryptocurrencies during the upcoming months.
Sui (SUI) Price Action:
With a strong bullish recovery in the crypto market, the SUI price has successfully tested its crucial support level of $0.6125 and recorded a jump of approximately 30% within the past day with a trading volume of $393.939 Million, a change of +66.66%.
TradingView: SUI/USDT
The technical indicator, MACD, has displayed a rising green histogram in the 1D time frame with its averages experiencing a bullish crossover. This suggests a positive outlook for the SUI price in the crypto market. Further, the SMA indicator has recorded a positive curve, hinting at a bullish sentiment.
If the market pushes the SUI coin price above the resistance level of $0.8925, the bulls will prepare to test its upper resistance level of $1.1760 this month. Conversely, a bearish reversal could pull the altcoin toward its low of $0.6125 in the coming time.
Helium (HNT) Price Action:
The Helium price continues recording a bullish price action by adding 16.51% in valuation within the past day and 21.01% over the past week. Further, it has surged 90.15% over the 30 days and has claimed the 66th position with a market cap of $965.895 Million.
TradingView: HNT/USDT
The Relative Strength Index (RSI) is on the verge of surpassing its overbought range in the HNT price chart, highlighting increased buying-over-selling pressure for the altcoin in the crypto space. Further, the average trendline shows a bullish convergence.
Suppose the bulls continue to dominate the crypto market, in that case, the Helium price will prepare to test its upper resistance level of $8 this August. However, a bearish action could result in the HNT crypto retesting its lower support level of $3.80.
Celestia (TIA) Price Action:
This Osmosis-based altcoin has recorded a similar price action by adding 21.53% to its portfolio over the past 24 hours. Further, it has jumped 5.17% within the past week. With a market capitalization of $1.147 Billion, the TIA price has secured the 58th position in the global crypto list.
TradingView: TIA/USDT
The Simple Moving Average (SMA) has displayed a bullish action in the TIA price chart. Moreover, the MACD has recorded a rising green histogram with a positive crossover in the 1D time frame. This indicates that the Celestia price will continue gaining value in the coming time.
If the bulls continue to gain momentum, the TIA coin price will head toward its upper resistance level of $10.640. Negatively, the bears regain power, in this case, the Celestia crypto will plunge toward its crucial support level of $4.435 this month.