As Q4 progresses, several altcoins are showing strong technical patterns and bullish momentum that could result in substantial price increases.
SUI, TAO, and enqAI are among the top contenders that analysts believe could deliver 5-10x returns in the coming months. Recent tweets from prominent analysts and ongoing developments in these projects suggest a bright outlook for each of these assets.
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SUI Price Poised for a Breakout
SUI has been gaining attention due to its Cup and Handle formation, a classic bullish continuation pattern. The SUI price has tested the $2 resistance level four times, and many believe that this level is weakening, increasing the likelihood of a breakout.
According to analyst CryptoBullet, who shared insights on X (formerly Twitter), SUI has demonstrated strong fundamentals, including a market cap nearing $6 billion and a transaction rate of 1,000+ per second for several consecutive days.
Technically, the Cup and Handle formation shows consolidation between $1 and $2, setting the stage for an upward rally. Fibonacci extensions suggest potential price targets at $2.77, $3, and $3.76. With its standing as the #2 Non-EVM chain and strong liquidity, SUI is a token to watch closely in Q4.
Bittensor (TAO) Price Eyes $640 Resistance
TAO is currently consolidating within a bull flag pattern, a bullish continuation signal. The TAO price surged to $640 before entering a descending channel, indicating a temporary pullback. As noted by Satoshi Flipper on X, TAO’s price is close to breaking out of this pattern, which could result in another strong upward move.
The key resistance remains at $640, and a successful breakout could propel the token to new highs. TAO’s technical setup shows strong buying pressure, with a breakout above the flag’s upper boundary signaling renewed bullish momentum.
Read Also: Analyst Warns of Solana (SOL) Price Crash – Here’s His Outlook
enqAI’s Impressive Growth
The enqAI Price has shown remarkable performance in recent weeks, up 300.25% over the last month. Known for its decentralized AI platform, the project emphasizes bias-free and uncensored AI outputs.
Despite its current price trading around $0.03338, down from its all-time high, enqAI’s fundamentals remain solid, with a market cap of $32.94 million.
The token offers diverse applications such as text-to-speech and large language models, positioning itself as a unique player in the AI and crypto space. This blend of innovation and growth makes enqAI another crypto with the potential to deliver substantial returns.
SUI, TAO, and enqAI each present compelling opportunities for Q4. Whether driven by bullish technical patterns or strong project fundamentals, these tokens could be among the top performers in the coming months. With traders and analysts closely monitoring their progress, investors should keep these names on their radar for the remainder of 2024.
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