To determine which tokens have the potential to gain or lose in September based on CoinGecko data and historical trends, we need to consider a few key factors: recent performance, market capitalization, trading volume, and fundamental factors such as news or events that could impact price. Below is an analysis of some of the tokens that have the potential to gain and lose in September.
1. Tokens With Potential to Increase in Price in September
**a. Bitcoin (BTC)
• Reason: Bitcoin is often considered a health indicator for the entire crypto market. With its recent gains and consolidation around $59,000, BTC could continue to rise if the Fed keeps interest rates low and the market maintains positive sentiment.
• Recommendation: Watch macro factors and key support levels around $55,000 - $57,000. If price holds above these levels, BTC is likely to rally to $60,000 or higher.
b. Solana (SUN)
• Reason: Solana has been on a strong run lately thanks to its rapidly growing ecosystem and interest in DeFi and NFTs. With increased trading volume and strong interest from the community, Solana could continue its upward momentum in September.
• Recommendation: Solana could continue to attract investment inflows if the positive trend is maintained. The next resistance level to watch is $140 - $150.
**c. Avalanche (AVAX)
• Why: Avalanche is a high-performance blockchain platform that is increasingly being used by DeFi projects and dApps. AVAX has seen a significant increase in trading volume and interest, indicating growth potential in the coming period.
• Recommendation: Watch the support levels around $18 - $20 and resistance at $22 - $24. If these levels are broken, AVAX could increase further.
2. Tokens With Potential to Decrease in Price in September
**the. TRX
• Reason: TRON has shown signs of weakness recently, with a slight drop and a weakening in trading volume. Without positive updates or news, TRX could continue to face selling pressure in September.
• Recommendation: If TRX fails to hold the important support level around $0.15, the price may continue to decline towards $0.12 - $0.14.
b. Dogecoin (DOGE)
• Reason: Dogecoin has been on a strong growth cycle but is now losing momentum. Interest from the community has waned, and without positive events or support from influential people like Elon Musk, DOGE could continue to decline.
• Recommendation: Watch the important support levels around $0.06 - $0.07. If these levels are broken, DOGE could fall further.
**c. Shiba Inu (SHIB)
• Reason: Shiba Inu, similar to Dogecoin, has lost a large part of the interest from the community after its previous surges. With a lack of positive news and competition from other memecoins, SHIB may continue to decline.
• Recommendation: Watch the support levels around $0.000007 - $0.000008. If these levels fail to hold, SHIB could fall further.
Conclusion and Recommendations
• Bullish: Bitcoin (BTC), Solana (SOL), and Avalanche (AVAX) are tokens with potential to increase in price in September based on current fundamentals and technical factors.
• Bearish: TRON (TRX), Dogecoin (DOGE), and Shiba Inu (SHIB) could face selling pressure and decline this month without strong supporting factors.
Advice for investors:
• For tokens with potential to increase: Consider buying at support levels or when there are positive signals from the market.
• For tokens with potential to decline: Be cautious and consider selling or avoid entering new orders until there are clear signs of recovery.
Closely monitoring the market and adjusting strategies according to the actual situation is important to protect capital and optimize profits in the volatile cryptocurrency market.
