Why Altcoins Like Aureal One, Tron, Cardano, and Sui Hold Strong Upside Potential
Key Highlights:
- Top Altcoins to Hold: Cardano, Tron, Sui, and Aureal One show strong growth prospects, making them risky to sell.
- Rising Altcoin Season Index (ASI): The ASI has jumped to 82, signaling a favorable environment for altcoins in the coming weeks.
- Market Optimism: Cryptocurrencies often perform well when both the ASI and crypto fear-and-greed indices are rising.
Altcoins to Avoid Selling
Sui (SUI):
Sui has seen exceptional performance in 2024, rising 415% from its January lows to a high of $4.038. The token is testing key resistance levels at $3.9356. A breakthrough would invalidate a double-top pattern and potentially drive Sui to $7.8, representing nearly 100% upside from current levels. 
- Key Level to Watch: Selling is recommended only if the price falls below $2.98, the neckline of the double-top pattern.
Aureal One (DLUME):
Aureal One is gaining attention during its presale phase, attracting thousands of traders.
- Growth Potential: The project aims to revolutionize metaverse gaming with faster speeds and lower transaction costs, positioning it as a competitor to Immutable X.
- Presale Incentives: Prices increase periodically, with the next jump expected to be nearly 30%, further boosting its appeal.
Cardano (ADA):
Cardano has surged 270% this year, backed by bullish momentum as indicated by its Average Directional Index (ADX) at 60.
- Technical Strength: ADA remains above its 50-day and 200-day moving averages, with analysts predicting a potential rise to $2 in the current cycle.
- Risk: A rising wedge pattern suggests a possible reversal if the pattern breaks.
Tron (TRX):
Tron has achieved significant milestones, recently hitting a record high of $0.4485 before a 25% pullback to $0.3378.
- Fundamental Strength: Tron is the third-most profitable network in the crypto industry, according to TokenTerminal.
- Support Levels: The bullish trend is expected to continue as long as the price stays above the 50 Weighted Moving Average (WMA) at $0.20.
Broader Altcoin Market Outlook
Other altcoins worth holding include Hedera Hashgraph, Pepe, Shiba Inu, and Chainlink. The ongoing altcoin season offers a promising opportunity for growth, but the risk of reversals remains in certain cases. Investors are advised to monitor technical levels and market conditions closely.
