As Bitcoin attempts to reclaim the $58K mark during the Asian trading session, major altcoins have shown a bullish recovery. This article explores the potential of Top 3 altcoins: SUI, WLD, and OKB.
Sui Coin: Growth Potential
Amid increased buying pressure, the price of Sui Coin has added 3.58% within the past day, with a trading volume of $242.58 million. With an approximate 69% jump during August, it has secured the 32nd position, with a market cap of $2.171 billion. The MACD indicator shows a constant decline in the red histogram, suggesting a possible bullish convergence. This indicates a positive outlook for the altcoin in the coming days. If the market continues under bullish sentiment, the SUI price will retest its resistance level of $1.015 this month. Conversely, a negative action might pull the price toward its crucial support of $0.460.
WLD: Potential Breakout
The price of Worldcoin has jumped over 3% within the past day, with a trading volume of $95.470 million. It is on the verge of breaking out of its resistance trendline of the triangle pattern, suggesting a positive outlook for WLD in the coming days. The RSI indicator continues to display a neutral trend, but its average trendline shows a high possibility of a positive crossover. This highlights a potential bullish reversal for Worldcoin price. Should the bulls break out of the resistance trendline, the WLD price will head toward its upper level of $3.30. Conversely, a bearish action could result in it recording a new yearly low.
OKB: Consolidated Price Action
Despite recording a 33.08% correction this year, the price of OKB has jumped over 18% during the past month, indicating a rising bullish sentiment in the crypto market. The SMA indicator is on the verge of recording a bullish convergence in the OKB price chart, and the MACD indicator shows increased bullish sentiment. This suggests that the altcoin may gain significant value in the near future. If the bulls regain power, the OKB price will aim to jump toward its resistance level of $46.05 this month. However, a bearish reversal could pull the price toward its low of $35 in the upcoming weeks.
The cryptocurrency market shows bullish trends for altcoins SUI, WLD, and OKB. Investors should closely monitor these tokens over the upcoming weeks.
Comments