The post Solana-Based Altcoins Price Prediction: PYTH, HNT, and JUP Set for a Bullish Breakout? appeared first on Coinpedia Fintech News
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.
Dive in as, in this article, we have covered the market sentiments, price analysis, and potential price targets of the top 3 SOL-based altcoins that have the potential to record a massive price surge this Q4!
Pyth (PYTH)
Despite recording a neutral price action over the past week, the PYTH price has jumped 32.81% during the past month. This indicates a rising bullish sentiment for the altcoin in the crypto market. Moreover, with a market cap 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. Moreover, with its averages showing a potential bullish convergence, the PYTH price hints at a positive outlook in the coming time.
If the bulls regain momentum, the bulls could prepare to test its resistance level of $0.3750 during the upcoming weeks. However, a bearish reversal could pull the price toward its crucial support trendline of $0.20 this month.
Helium (HNT)
The Helium price has traded in a consolidated range between $6.525 and $8.010 since August. This indicates a 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 coming time.
The Relative Strength Index (RSI) continues hovering close to its neutral point in the 1D time frame. Moreover, the average trendline constantly acts as a resistance to the price trend in the Helium price chart. This highlights uncertainty in future price action.
If the market favors the bulls, in that case, this altcoin could retest its resistance level of $8.010 this month. On the flip side, if the bears overpowered the bulls, this could result in the HNT price plunging toward its crucial support level of $6.525.
Worried about the Helium token’s future? Read our Helium (HNT) Price Prediction for potential price targets!
Jupiter (JUP)
Amid increased price volatility, the JUP price continues displaying a mixed price action. Despite recording a correction of ~9% over the past week, the Jupiter token has jumped 14.26% during the past month.
The Simple Moving Average (SMA) is on the verge of experiencing a bullish convergence in the Jupiter price chart. Moreover, the MACD indicator records a constant decline in the red histogram with its averages showing a potential bullish crossover. This indicates a positive outlook for the altcoin in the coming time.
Suppose, a bullish reversal occurs, in that case, the JUP price will break its resistance level of $0.8445 and head 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.
