Altcoin Analysis of Potential Hidden Gem Altcoins for September Gains

Helium (HNT): A Standout Performer

Among the top 100 cryptocurrencies, Helium (HNT) has distinguished itself as a standout performer, recording a rise of over 43% in August despite the overall bearish market. Currently, HNT is trading within a range of $6.33 to $8.01, with these levels acting as key consolidation points. If bullish momentum continues, HNT is likely to breach the $8.01 resistance, potentially pushing the price toward $9.00, leading to further gains for investors.

Potential Challenges for HNT

However, any further gains depend on HNT breaking the $8.01 resistance level. If Helium fails to surpass this mark, the altcoin could stay within its current trading range, indicating a period of stagnation rather than growth.

SUN.io (SUN): Market Attention Seeker

SUN, the native token of the TRON-based SUN.io platform, has captured the market's attention with a remarkable 326% rise in just nine days. Currently trading at $0.0346, SUN is hovering just below the critical resistance level of $0.03943. While this resistance has proven difficult to break in the past, SUN is likely to maintain its position above the $0.0253 support.

Risks Involved with SUN

Despite its promising outlook, selling pressure may cause SUN to drop below the $0.0253 support, erasing much of its recent gains.

BinaryX (BNX): Signs of Bullish Breakout

BNX, the native token of the BinaryX GameFi ecosystem, is indicating a potential bullish breakout. Currently trading at $1.27, BNX needs to flip the $1.66 confirmation line into support for the breakout to be validated. A successful breach could increase the price toward $2.00, targeting a 39% gain to reach $2.81.

Challenges for BNX

If BNX fails to breach the $1.66 level, the bullish thesis would be invalidated, leading to consolidation between $1.66 and $1.19, dampening investor enthusiasm.