Helium (HNT) Surges 68.49% in Volatile Month, Pendle Gains 18.98%

In the third quarter, several altcoins have emerged as strong investment candidates, each with unique features and promising trajectories. Helium (HNT), Pendle, SEI, and Ethena (ENA) are among the top contenders, attracting attention for their potential in the evolving crypto landscape.

Helium (HNT) has experienced significant volatility over the past month, with a 68.49% gain. This surge contrasts with a 6-month decline of 17.31%, indicating caution among traders. The recent price action has pushed values into the range of $1.71 to $3.19, reflecting swift movements that market participants have been closely tracking. Currently, Helium trades between a floor of $1.16 and a ceiling around $4.12, with frequent values found primarily in the $1.71 to $3.19 range. Near resistance at $4.12 may prompt profit-taking, while support at $1.16 encourages buying during price dips. Short-term indicators reveal strong upward momentum, but caution prevails as the Relative Strength Index approaches 78, indicating a potential overbought condition. Bulls dominate the market for now with heightened buying activity, yet the longer-term trend remains unclear due to the negative half-year performance. Traders should consider the immediate range before making long-term commitments, looking to buy near support and plan exits at resistance levels, while monitoring conditions closely for either breakout or pullback signals.

Pendle has shown strong gains in the recent month with an 18.98% price increase, and over the past six months, the coin climbed by about 22.45%, reflecting consistent market interest. The weekly growth of 13.65% further underlines the coin’s ability to rally over short spans, suggesting that market participants have been quick to respond to new developments. The current trading landscape for Pendle is defined by key boundaries that offer opportunities for tactical moves. The coin trades within a range of approximately $2.85 to $4.31, with the nearest support identified at $2.25 and resistance at $5.16. Bulls appear to be controlling the market as price action moves toward higher territory, although the RSI value of 68.18 indicates that buyers might be pushing the coin into overbought areas. A lack of a distinctly clear trend exists as rallies are interspersed with pauses, suggesting caution is needed. Traders might consider buying near the support level of $2.25 while preparing to sell or take partial profits as prices approach the $5.16 resistance.

Sei recorded a dramatic one-month gain of 91.36% while maintaining a near-flat performance over the past six months with a slight decline of 0.22%. A seven-day increase of 4.55% showcases short-term optimism amid a period of consolidation. The price range has been established between $0.18 and $0.36, indicating that recent buying activity has spurred a notable surge in short-term value, even though long-term market behavior remains more measured and steady. Current price levels for Sei are observed between $0.18 and $0.36. This trading range has held firm despite recent buying activity. Strong resistance is found at $0.44, with an additional barrier near $0.61 where sellers may intervene. Support is secured at $0.08, preventing deep declines. The market shows a bullish tilt with the Awesome Oscillator and Momentum Indicator at 0.08, and an RSI of 64.30 indicates active buyers. Trading ideas include looking for a lift if price breaches the $0.44 resistance or entering between $0.36 and $0.44 on pullbacks. The market remains active, inviting strategic moves.

Ethena's recent performance shows a one-week increase of 17.83% and a strong monthly gain of 38.74%, contrasting sharply with a 52.89% decline over the past six months. Price has moved within the range of $0.20 to $0.35, reflecting rapid shifts that have puzzled many traders. The coin’s price behavior over these periods reveals swings offering both opportunities and challenges, highlighting a market sentiment that shifts quickly from bullish bursts to deeper corrections. Ethena currently trades between a defined range of $0.20 and $0.35, with resistance at $0.44 and support at $0.14. The Relative Strength Index at 71.78 indicates overbought conditions, showing strong bullish interest short term. The momentum indicator at 0.109, along with an Awesome Oscillator value of 0.078, suggests upward pressure, though caution is advised. Traders may consider acquiring near the lower bound, anticipating a rebound toward $0.44, while others might wait for a decisive breakout. Neither bulls nor bears dominate, creating a delicate balance; strategies could include range trading or accumulation at support levels.

In conclusion, HNT, PENDLE, SEI, and ENA present high potential for investment in the third quarter. These altcoins offer unique features and promising developments in their respective blockchain projects. HNT focuses on wireless networking, PENDLE aims to innovate in decentralized finance, SEI targets speed and efficiency, and ENA brings creative solutions to the table. These characteristics make them strong candidates for those looking to diversify their crypto portfolios.