Altcoins Sonic, Algorand, Ethena Show Potential Gains Ahead of Q3

As the third quarter approaches, crypto analysts are strategically positioning themselves for what could be a significant breakout period. While Bitcoin and Ethereum continue to dominate the headlines, savvy investors are turning their attention to a select group of altcoins that exhibit strong technical setups and favorable market sentiment. This report highlights three promising altcoins—Sonic, Algorand, and Ethena—that analysts believe could deliver substantial gains in the coming months.

Sonic (S) is currently trading within the range of $0.28 to $0.37. The coin has experienced a nearly 20% jump in the past week, indicating a positive short-term trend. However, it has also seen a 19% decline over the last month. There is potential for growth if Sonic can break through the $0.41 resistance level. If it reaches the second resistance at $0.50, it could see an increase of over 35% from its current high. Support at $0.23 may act as a cushion against falls, suggesting stability. The current average prices indicate a steadier trend compared to past months, and the Relative Strength Index (RSI) signals more room for growth.

Algorand is currently trading between 17 and 20 cents. The price has risen over 12% in the past week, but it has also experienced a drop of over 46% in the last six months. The coin faces its nearest challenge at 21 cents, with stronger resistance at 24 cents. If Algorand's price rises past these levels, supporters could see a potential gain of more than a quarter of its value. The coin's RSI is just shy of 45, suggesting it might be gaining energy for an upward movement. Despite recent drops, any push above current challenges could signal a new and positive trend.

Ethena (ENA) is showing signs of life, with its current price ranging between twenty-four and thirty cents. In the past week, it climbed by about thirteen percent. Despite a challenging month and half-year, there is potential for further growth. The current price is close to its ten-day average, suggesting some stability. If Ethena breaks the nearest resistance at thirty-two cents, it might aim for thirty-seven cents, marking a climb of over twenty-three percent from its lower range. Its RSI hints at a balanced market, while the Moving Average Convergence Divergence (MACD) suggests slight bullish momentum. However, the journey upward will require overcoming a few key levels.

As market momentum builds ahead of Q3, these three altcoins are drawing serious attention from analysts looking for high-upside opportunities beyond the majors. Sonic’s price swings hint at a volatile but promising breakout, Algorand is regaining strength after months of consolidation, and Ethena is showing technical signs of a slow, steady climb. If broader market sentiment holds, these tokens could lead the next altcoin rally—making now a compelling moment to watch or accumulate.