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- Sui: Rising price and momentum indicate breakout potential during altcoin season.
- Uniswap: Steady gains with strong technicals and poised for further growth.
- Chainlink: Expanding DeFi role strengthens growth as price nears $15 resistance.
Several altcoins are standing out right now, showing strong growth potential and grabbing attention from investors. Here’s a closer look at three trending cryptocurrencies and the factors driving their momentum.
Sui (SUI): Poised for a Potential Breakout
Source: Trading View
Sui’s price is gaining steam, rising 18.07% this week and 17.08% over the past month. With the MACD at 0.0087, Sui’s momentum is clearly positive, while an RSI of 54.26 suggests room for continued growth.
If Sui breaks through the $2.42 resistance level, the next target would be $2.95, representing an impressive 20% potential gain. As altcoin season approaches, Sui’s upward movement might strengthen even further.
Uniswap (UNI): Set to Benefit from Altcoin Season’s Surge
Source: Trading View
Uniswap is showing solid growth potential in its current trading range of $6.49 to $7.97. UNI has jumped 16.56% in the past week and 23.38% over the last month, with indicators suggesting further gains ahead. Its immediate resistance is at $8.89, and a breakthrough at this level could push UNI up to $10.
Additionally, the 10-day Simple Moving Average is holding at $8.82, while an RSI of 48.65 shows UNI is neither overbought nor oversold, leaving space for further upward movement. As the broader altcoin season approaches, Uniswap’s current momentum could be boosted further.
Chainlink (LINK): Eyeing the $15 Milestone
Source: Trading View
Chainlink’s recent rally has impressed, with the token soaring over 31% thanks to solid fundamentals and a strong market response. To sustain this trend, LINK needs to break through the key resistance level at $14.85. A successful breakout here could see LINK moving towards $15.
Chainlink’s role as a critical player in DeFi and blockchain oracles is cementing its reputation as a long-term asset to watch. With adoption steadily increasing, Chainlink’s growth potential remains strong, positioning it as a significant force in the crypto market.
SUI, UNI, and LINK—show promising potential for investors. Each offers unique strengths, from market indicators to strategic positioning in key sectors. For investors, these insights might provide useful entry points to consider for the coming weeks, as altcoin season could help drive their performance even higher.