Date: Sun, Sept 15, 2024, 06:45 AM GMT
The past week has brought renewed bullishness to the cryptocurrency market as Bitcoin (BTC) surged back to $60K, posting an impressive 10.78% gain in the last 7 days. While September has historically been a bearish month for Bitcoin, this time, things are looking bullish. As the market gears up for potential gains, we’ve analyzed three altcoins that could be worth watching in the coming week: Fetch.ai (FET), Sui (SUI), and Kaspa (KAS).
1. Artificial Superintelligence Alliance (FET):
At the forefront of AI Tokens, Fetch.ai (FET) has already experienced a significant 30% gain over the past week. Currently trading at $1.40, the token is approaching a key resistance level of $1.49. If it manages to break through this resistance, we could see a bullish run toward $1.70, representing a potential 21% upside from its current price.
With a current RSI of 69.73 and an RSI-based moving average (MA) of 58.25, FET is showing strong momentum and could be poised for further growth.
2. Sui (SUI):
Sui, a leading Layer-1 blockchain, has also shown positive momentum, gaining over 15% last week. Currently, SUI has broken out of a symmetrical triangle pattern and is heading toward the $1.17 resistance level. A breakout from here could signal further upside.
With its current RSI at 70.37 and an RSI-based MA of 56.21, SUI appears to be gaining traction, making it one to watch for continued upward movement.
3. Kaspa (KAS):
Kaspa, an open-source, decentralized, and fully scalable Layer-1 blockchain, has posted an impressive 18% surge in the last 7 days, bringing its price to $0.1775. The token is now trading near its resistance line, and a breakout could lead to significant gains.
Additionally, the highly anticipated launch of the KASPLEX Mainnet, scheduled for today, could provide a positive catalyst for further price appreciation.
With the broader market sentiment turning bullish, these three altcoins—FET, SUI, and KAS—are worth keeping an eye on for potential gains in the week ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky.