The cryptocurrency market has shown a strong bullish recovery over the weekend. Moreover, the top altcoins have regained their momentum as the BTC price hovers close to $63,000. Moreover, the Solana price is about to regain the $150 mark.
Dive in, because in this article we have discussed the market sentiments, price analysis and potential price targets of the top 3 SOL-based altcoins that have the potential to see a massive price increase this Q4!
Python (PYTH)
Despite recording neutral price action over the past week, PYTH price has risen 32.81% over the past month. This indicates rising bullish sentiment for the altcoin in the crypto market. Moreover, with a market capitalization of $1.241 billion, it has secured the 60th position.
The Moving Average Convergence Divergence (MACD) shows a constant decline in the red histogram in the 1D time frame. Furthermore, with the averages showing potential bullish convergence, PYTH price indicates a positive outlook for the near future.
If the bulls regain momentum, the bulls could prepare to test the $0.3750 resistance level in the coming weeks. However, a bearish reversal could pull the price towards the crucial supportive trendline at $0.20 this month.
Helium (HNT)
The Helium price has traded within a consolidated range between $6,525 and $8,010 since August. This indicates weak price action for the altcoin in the crypto market. However, with strong fundamentals, this project has the potential for a strong bullish reversal in the near future.
The Relative Strength Index (RSI) continues to hover close to its neutral point in the 1D timeframe. Moreover, the average trendline continuously acts as resistance to the price movement in the Helium price chart. This highlights the uncertainty in future price action.
In that case, if the market favors bulls, this altcoin could retest its $8,010 resistance level this month. On the other hand, if the bears were to overpower the bulls, it could lead to the HNT price falling towards the crucial support level at USD 6,525.
Concerned about the future of the Helium token? Read our Helium (HNT) price forecast for potential price targets!
Jupiter (JUP)
Amid increased price volatility, JUP price continues to exhibit mixed price action. Despite registering a ~9% correction over the past week, the Jupiter token has risen 14.26% over the past month.
The Simple Moving Average (SMA) is about to experience a bullish convergence on the Jupiter price chart. Furthermore, the MACD indicator records a steady decline in the red histogram, with the averages showing a potential bullish crossover. This indicates a positive outlook for the altcoin in the near future.
Suppose a bullish reversal takes place, in which case JUP price will break its resistance level at $0.8445 and head towards its highest resistance level at $1,160. Conversely, if the bears regain momentum, Jupiter price could retest its USD 0.540 support level.
Credit : coinpedia.org
