The third week of September 2024 saw growth in altcoins including Sui, Celestia, and Fantom.
During the third week of September 2024, many altcoins recovered significantly from recent losses, thanks to important macroeconomic decisions.
These coins recorded strong price increases, attracting investor interest and showing that market sentiment is becoming optimistic.
Sui (SUI)
SUI, the coin of the Layer-1 Sui blockchain, tops the list of altcoins with the biggest gain, with a 45% increase.
SUI price has surged to $1.51, possibly due to integration with Circle (USDC), and Sui's TVL (Total Value Locked) has hit a record $868.89 million, according to DeFiLlama.
Technically, the âdouble bottomâ and ascending triangle patterns indicate a strong bullish trend. SUI could rise above $1.60, but if investors take profits, the price could correct to $1.16.
Celestia (TIA)
TIA has increased by 30%, from $4.53 to $5.98. The MACD indicator shows that buying pressure is still dominant, forecasting a rise to $6.50. However, if selling pressure increases, the price may fall to $4.78.
Phantom (FTM)
FTM has surged nearly 35% on expectations of a Sonic upgrade, which could come with a token swap from FTM to âS.â
FTM price has now risen to $0.65, with an âinverse head and shouldersâ pattern indicating a continuation of the uptrend. If it breaks above $0.67, the price could hit $0.72, otherwise it could correct to $0.55.
