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Take a look at the top cryptocurrencies that are likely to see growth in September. With the market going through a downturn, smart choices can lead to significant gains. This article highlights promising coins, providing insight into which digital assets could see gains during the temporary pause in the downtrend. Find out which cryptocurrencies are likely to make the rounds.
Dogwifhat (WIF) is currently trading between $0.0047 and $0.0064, showing a bearish trend, down -7.53% in the past week and down -8.25% this month. Despite the weak momentum indicated by the low RSI of 38.32 and the Stochastic of 12.11, there is a possibility of recovery. If WIF can break the resistance of $0.0073, we can see a significant upside of around 60%. This is a signal of renewed bullish interest, but if the coin fails to break through, the next support of $0.0039 may be tested, indicating further downside potential.
TRON (TRX) continues to face bearish pressure, hovering between $0.0047 and $0.0064. The price is down 7.53% in the past week and 8.25% in the past month. The 10-day and 100-day moving averages suggest limited momentum, but there is room for growth. If TRX breaks the nearest resistance level of $0.0073, it could potentially rally 25% to $0.0090. The RSI at 38.32 indicates oversold conditions, which means a reversal is expected if bulls gain strength again. However, for now, bears are in control.
Solana (SOL) is holding a bearish position, trading between $0.0047 and $0.0064. Last week, SOL was down 7.5% and over the past six months, it is down 9%. However, the coin shows a strong comeback potential. If SOL can break the major resistance level of $0.0073, it could surge up to 70%, giving the bulls a much-needed victory. While the RSI and MACD indicate further downside risks, a breakout could signal a significant reversal. The support at $0.0039 is an important level to watch.
Render (RENDER) is currently fighting a bearish momentum, trading between $0.0047 and $0.0064. It has experienced an 8% decline over the past month. Nevertheless, there is optimism for a rebound if RENDER can break the immediate resistance of $0.0073. A break from here could see a rally of up to 45%, up to $0.0090. Technical indicators such as RSI and Stochastic suggest that RENDER is oversold, giving the possibility of an upside reversal. The bears could still test the support of $0.0039, but the positive trend is within reach.
Polygon (MATIC) is stuck in a tight range between $0.0047 and $0.0064 and is facing a bearish outlook. Last week, MATIC fell 7.53% and over the month, it is down 8.25%. The RSI of 38.32 suggests that the coin is oversold, opening up a possible bounce. If the bulls break the resistance at $0.0073, MATIC could rally 55% and reach the second resistance level at $0.0090. However, the bearish sentiment is strong at the moment, and if MATIC breaks below $0.0039, there is a possibility of further decline.
conclusion
September presents a valuable opportunity as the bull market of 2024 approaches. WIF, TRX, SOL, RENDER, and MATIC stand out as major coins to watch. Their high yield potential makes them attractive choices for those looking to maximize their profits. Each of these coins has its own unique strengths that can lead to significant growth. With the new bull market momentum, these cryptocurrencies are well positioned to perform well. Being informed and monitoring these coins can help you make profitable decisions. Consider these promising options this month.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
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