Altcoins Poised for a Strong Upswing: SUI, ONDO, and HNT Prices May Maintian a Strong Ascending Trend
- WBOYOriginal
- 2024-08-10 21:15:12885browse
As Bitcoin hovers within a narrow range, some of the altcoins are displaying notable strength and are expected to rise up very soon
As Bitcoin trades within a narrow range, some of the altcoins are showing remarkable strength and are poised for a strong upswing. SUI, ONDO, and HNT prices have triggered a strong ascending trend and are expected to remain elevated throughout the weekend.
The crypto markets have witnessed a vast disparity recently as the major tokens fluctuate within a narrow range. While the bulls attempt to push the levels higher, the bears patiently await the opportune moment to enter. Consequently, the top tokens have maintained a horizontal consolidation, but some of the other altcoins have been experiencing a notable rise in their strength.
With Bitcoin’s price movement being limited for the past few days, traders and investors have shifted their focus to other altcoins in the market. Some of these altcoins have shown promising price actions and are expected to continue rising. Three of these altcoins that have displayed remarkable strength include SUI, ONDO, and HNT, which are poised for a strong upswing.
SUI Price Analysis
SUI began the week with a strong bullish momentum, surging by over 10% on Monday. The token continued its bullish ascent throughout the week, reaching a peak of $0.00004346 on Friday morning. After encountering resistance at this level, SUI experienced a slight pullback. However, the token quickly recovered from the dip and resumed its bullish trend. At the time of writing, SUI trades at $0.00003983, up by 5.8% over the past day and showcasing a strong bullish momentum.
SUI 1-day price chart (Binance)
On the 1-day chart, SUI has formed a series of higher highs and higher lows, indicating a strong bullish trend. The token price is also trading above the 200-day moving average (light blue), further bolstering the bullish outlook. Moreover, the relative strength index (RSI) is above 50, suggesting that SUI is still in the bullish zone.
SUI 1-hour price chart (Binance)
On the 1-hour chart, SUI has formed a bullish ascending triangle pattern. The token price has been respecting the ascending trendline and is now approaching the apex of the triangle. A breakout from this pattern is expected to propel SUI towards the next resistance level at $0.000043.
Ondo Price Analysis
ONDO began the week with a bullish surge, rising by over 7% on Monday. The token continued its bullish ascent throughout the week, reaching a peak of $0.00000403 on Friday morning. After encountering resistance at this level, ONDO experienced a slight pullback. However, the token quickly recovered from the dip and resumed its bullish trend. At the time of writing, ONDO trades at $0.00000373, up by 4.2% over the past day.
ONDO 1-day price chart (Binance)
On the 1-day chart, ONDO has formed a series of higher highs and higher lows, indicating a strong bullish trend. The token price is also trading above the 200-day moving average (light blue), further bolstering the bullish outlook. Moreover, the relative strength index (RSI) is above 50, suggesting that ONDO is still in the bullish zone.
ONDO 1-hour price chart (Binance)
On the 1-hour chart, ONDO has formed a bullish ascending triangle pattern. The token price has been respecting the ascending trendline and is now approaching the apex of the triangle. A breakout from this pattern is expected to propel ONDO towards the next resistance level at $0.0000041.
Helium Price Analysis
HNT began the week with a bullish surge, rising by over 5% on Monday. The token continued its bullish ascent throughout the week, reaching a peak of $0.0001377 on Friday morning. After encountering resistance at this level, HNT experienced a slight pullback. However, the token quickly recovered from the dip and resumed its bullish trend. At the time of writing, HNT trades at $0.0001332, up by 3.8% over the past day.
HNT 1-day price chart (Binance)
On the 1-day chart, HNT has formed a series of higher highs and higher lows, indicating a strong bullish trend. The token price is also trading above the 200-day moving average (light blue), further bolstering the bullish outlook. Moreover, the relative strength index (RSI) is above 50, suggesting that HNT is still in the bullish zone.
HNT 1-hour price chart (Binance)
On the 1-hour chart, HNT has formed a bullish ascending triangle pattern.
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