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Top 3 Solana (SOL)-Based Altcoins To Watch This Q4: PYTH (PYTH), Helium (HNT), and Jupiter (JUP)

Barbara Streisand
Barbara StreisandOriginal
2024-10-08 06:08:221072browse

The cryptocurrency market has recorded a strong bullish recovery over the past weekend. Moreover, with the BTC price hovering close to the $63k mark, top altcoins have regained momentum. Further, the Solana price is on the verge of reclaiming the $150 mark.

Top 3 Solana (SOL)-Based Altcoins To Watch This Q4: PYTH (PYTH), Helium (HNT), and Jupiter (JUP)

The cryptocurrency market has shown strong bullish recovery over the past weekend. Several altcoins have witnessed a price surge. Among them, Solana price is close to reclaiming the $150 mark.

In this backdrop, we bring you the top 3 SOL-based altcoins that have the potential to record a massive price surge in Q4. Read on to know their market sentiments, price analysis, and potential price targets.

Top 3 SOL-based Altcoins Set to Explode in Q4

Pyth (PYTH)

Despite exhibiting neutral price action over the past week, PYTH price soared 32.81% over the last month, indicating rising bullish sentiment.

Moreover, it ranks 60th with a market cap of $1.241 billion.

The Moving Average Convergence Divergence (MACD) indicator showcases a continuous decline in the red histogram on the 1D time frame.

Furthermore, its averages hint at a potential bullish convergence, suggesting a positive outlook for PYTH price in the upcoming period.

If the bulls amplify their momentum, they might prepare to test its resistance level of $0.3750 over the upcoming weeks.

However, a bearish reversal could lead to the price sliding toward its crucial support trendline of $0.20 this month.

Helium (HNT)

The Helium price showcased a minimal price action, trading within a range between $6.525 and $8.010 since August.

This indicates a weak price movement for the altcoin in the crypto market. However, considering its strong fundamentals, this project might witness a massive bullish reversal in the upcoming period.

The Relative Strength Index (RSI) indicator continues hovering around the neutral point on the 1D time frame.

Moreover, the average trendline constantly acts as a resistance to the price trend in the Helium price chart, highlighting uncertainty in future price action.

If the market favors the bulls, this altcoin might retest its resistance level of $8.010 over the month.

On the other hand, if the bears overpower the bulls, this could lead to the HNT price sliding toward its crucial support level of $6.525.

If you’re concerned about the Helium token’s future, check out our Helium (HNT) Price Prediction for potential price targets.

Jupiter (JUP)

Amid increasing price volatility, JUP price continues to showcase mixed price action.

Despite recording a ~9% correction over the past week, the Jupiter token soared 14.26% over the last month.

The Simple Moving Average (SMA) indicator is close to experiencing a bullish convergence in the Jupiter price chart.

Moreover, the MACD indicator records a continuous decline in the red histogram with its averages showing a potential bullish crossover, indicating a positive outlook for the altcoin in the upcoming period.

If a bullish reversal occurs, the JUP price will break its resistance level of $0.8445 and move toward its upper resistance level of $1.160.

Conversely, if the bears regain momentum, the Jupiter price could retest its support level of $0.540.

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