Altcoins Algorand, Ethena, Helium Show Early Recovery Signs

As the cryptocurrency market begins to buzz with anticipation of a potential bull run, investors are increasingly turning their attention to lesser-known altcoins that show promise for significant gains. Among these, Algorand (ALGO), Ethena (ENA), and Helium (HNT) are emerging as top contenders, each demonstrating early signs of recovery and potential for substantial growth.

Algorand (ALGO) has recently shown signs of recovery amidst recent price fluctuations. Currently trading between $0.17 and $0.19, ALGO has experienced a slight bounce, climbing around 7.6% in one week. However, its value has dropped roughly 46% over the past six months, indicating both struggle and potential for recovery. The trading activity is nearing the RSI level of almost 69, suggesting that it is approaching an overbought zone, which could attract more interest in the near term. If ALGO maintains its momentum, it might reach the resistance level at roughly $0.20, about a 9% rise from its current position. Further, it could aim for the second resistance near $0.23, marking a rise of over 20%.

Ethena (ENA) is another coin that is seeking a rebound after a recent decline. Trading between 24 to 28 cents, ENA has climbed over 6% this week, despite a drop of over 15% in the past month and a significant decline over six months. Its recent movements suggest it might push past 31 cents, the nearest resistance level. If it manages this, ENA could aim for 34 cents, marking a rise around 21% from current levels. Additionally, ENA is bolstered by a 10-day moving average slightly above its 100-day average, hinting at a positive short-term shift. The next support is at 23 cents, with a more distant one at 19 cents, offering a safety net for potential investors.

Helium (HNT) is also showing signs of a potential rebound amidst market fluctuations. Currently trading between $2.14 and $2.48, Helium recently faced resistance at $2.65, with support found near $1.98. Over the last week, Helium's value climbed by nearly 9%, though it saw a significant drop of about 19% over the past month. The coin's mid-term trajectory remains bearish with a 56% decrease over six months. However, the Relative Strength Index (RSI) is slightly above the midline, indicating moderate buying pressure. If momentum grows, Helium could push through $2.65, aiming for $2.99. This move could result in a gain of around 20%. Yet, breaking support may slide the price towards $1.64, a worry for investors.

While Algorand, Ethena, and Helium may not be the most talked-about tokens, their current price structures suggest strong potential for upward movement if the market turns bullish. Each is showing early signs of recovery, with clear resistance levels that—if broken—could spark double-digit gains. As anticipation builds around a broader market rally, these under-the-radar assets are worth watching closely for those seeking early entry into high-upside opportunities.