The cryptography market sends mixed signals before the last week of July and before the beginning of August. However, some altcoins show signs of potential growth next month due to certain events.
Beincypto analyzed three of these altcoins that investors should look in the future.
Helium (HNT)
The Helium Prize is currently negotiated at $ 3.64, forming a cutting and hand model, pointing out a potential optimistic momentum. This model is generally followed by an upward price movement, confirmed by a slight experienced withdrawal last week. If market conditions remain favorable, this could lead to new gains for HNT.
While helium is preparing for its event in half, HNT’s annual offer will be reduced by 50%, from 15 million to 7.5 million parts. This reduction in supply should exert upward pressure on the price of Altcoin. Therefore, helium could exceed $ 4.18 and target $ 4.82.
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However, if there is a significant sales pressure before the reduction in half, it could trigger prices correction. In such a scenario, HNT could fall to $ 3.13 or less, invalidating upward perspectives.
Optimism (OP)
Optimism (OP) has recently been one of the most efficient tokens, increasing by 19.3% in the last 24 hours, negotiating $ 0.86. This elevation is reinforced by a positive feeling before the next unlocking of the token in August.
At the beginning of August, 31.34 million OP tokens, worth 25.6 million dollars, will come into circulation. This token unlocking could move the balance of supply of offer, potentially influencing the price of the OP. Market expectations are high and Altcoin could go beyond $ 0.90, aimed at $ 0.98 and potentially reach the $ 1.00 bar.
However, if the lockout of the tokens led to a lower reaction, the influx of tokens can lead to the drop in the price of the OP. A price drop less than $ 0.80 could push OP to $ 0.69, invalidating upward perspectives.
Sui (sui)
Suis Price increased by 13.7% in the last three days, currently negotiating at $ 4.24. This wave has become before an important event – an unlocking of tokens planned for this week. In total, 44 million SUP tokens, worth more than $ 186 million, enter into circulation, which could influence price dynamics.
The parabolic SAR indicator under the candlesticks suggests that Altcoin is likely to continue its upward trend. If this momentum is maintained, SU could pass beyond the level of resistance of $ 4.35 and push around $ 4.79 in the coming days, reporting an additional positive movement for cryptocurrency.
However, if investors start to sell, Altcoin could face a significant price drop. A movement less than $ 4.12 could trigger a drop to $ 3.93, which could reach $ 3.69, which would invalidate the Haussier scenario.
Non-liability clause
In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
