3 Altcoins That Could Outshine Bitcoin (BTC) in September 2024

August was a mixed bag for the crypto market, with Bitcoin (BTC) struggling to stay above $60,000, and many altcoins not meeting expectations. However, September could bring a shift, with these three altcoins poised to potentially outperform BTC.

Tron $TRX

Tron (TRX) has been making waves, recently hitting a three-year high of $0.17 and climbing back into the top 10 by market cap. Over the past month, TRX has risen by 15%, outpacing Bitcoin. The surge is largely driven by the launch of the SunPump platform and growing social interest. Technically, Tron's rising On-Balance Volume (OBV) suggests strong buyer momentum. If this continues, TRX could revisit $0.17 and potentially reach $0.19. However, if Bitcoin's dominance strengthens, TRX might face resistance.

Aave $AAVE

AAVE has seen an 18.68% price increase in the last 30 days, attracting significant investor interest. A proposed integration with BlackRock’s BUIDL tokenized fund could further boost its appeal. After dipping below $80, AAVE rebounded to $146.49, though it corrected to $118. The Relative Strength Index (RSI) remains above neutral, hinting at a potential rebound. To sustain momentum, bulls need to defend the $118.01 support and break through the $129.64 resistance. A failure to hold support could lead to a further decline.

Cardano $ADA

Optimism is building among ADA holders ahead of the Chang hardfork. Back in 2021, a similar event drove ADA up by 130% in a month. Currently trading at $0.35, the MACD suggests that the recent dip might be a buying opportunity. If enthusiasm continues, ADA could target $0.44. However, delays or a "sell on the facts" scenario could see it drop to $0.32.

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