Predictions for 4 Altcoins That Could Hit New Highs by September 2024

Many Altcoins have struggled to maintain a bullish outlook for much of this cycle, with only a few reaching new all-time highs (ATHs).

However, as the third quarter of the year enters its final month, some Altcoins are starting to show signs of potentially surpassing their previous highs. This analysis highlights the top 4 potential Altcoins that are likely to reach new ATHs and the reasons behind this optimistic outlook.

#1. Kaspa (KAS)

Kaspa (KAS), a cryptocurrency that operates on the same Proof of Work (PoW) consensus mechanism as Bitcoin (BTC), leads the list of Altcoins with the potential to reach new all-time highs. Currently trading at $0.16, KAS has set new ATHs since June until August 1.

Looking ahead to September, BeInCrypto predicts that KAS will maintain its bullish momentum, potentially surpassing $0.20. On the daily chart, KAS has been fluctuating between $0.15 and $0.17 for the past 22 days, suggesting that $0.15 has become an important support level for the cryptocurrency.

Additionally, KAS 's Money Flow Index is currently at 24.38, indicating a sell-off. The MFI measures the flow of money into and out of an asset and helps determine whether a cryptocurrency is overbought or oversold. A reading of 80.00 or higher indicates overbought conditions, while a reading of 20.00 or lower indicates a sell-off, which could be a sign of a buying opportunity.

KAS is approaching a sell-off level, which suggests that a significant rally could be imminent. Historical data shows that every time KAS reaches an MFI level similar to the current one, it has typically climbed to a new ATH. If this trend continues, KAS could continue to reach $0.21 or higher in September. However, this prediction could be invalidated if the broader crypto market experiences another decline, in which case KAS could fall to $0.14.

#2. Binance Coin (BNB)

Ranked as the 4th most valuable cryptocurrency, Binance Coin (BNB) was the first major Altcoin from the 2021 bull market to hit a new ATH in June. In September, BNB could increase in value again, boosted by the potential release of former Binance CEO Changpeng Zhao (CZ) from prison.

Currently priced at $540.26, BNB is 24.95% below its ATH. On the weekly chart, BNB has formed a symmetrical triangle, a pattern that occurs when two trendlines — one sloping down and one sloping up — converge at a point. A symmetrical triangle can signal a bullish or bearish outcome, so it’s important to XEM other indicators. In BNB’s case, BeInCrypto focuses on the 50-day exponential moving Medium (EMA), which measures the trend direction over a given period and can provide insight into the coin’s next move.

When a cryptocurrency's price is trading above its 50-day EMA, the trend is bullish; if it's trading below it, the trend is bearish. Although BNB has been falling recently, it is currently trading above its 50-day EMA (blue), which could support the possibility of reaching a new ATH.

If buying pressure on BNB increases in September, it could once again outperform other top altcoins and potentially reach a new ATH, possibly around $750. However, this outcome could be threatened if the CZ release is delayed or if market interest in BNB wanes.

#3. Brett (BRETT)

Considered “ PEPE’s best friend” but built on the Base Layer 2 network, BRETT is one of the Altcoins that could hit a new ATH in September. The meme coin is currently trading at $0.081 and hit its ATH of $0.19 in June.

On the 4-hour chart, BRETT has formed an ascending triangle, a technical pattern that is usually bullish. An ascending triangle is formed by the convergence of a horizontal trendline and an ascending line drawn along swing highs and swing Dip .

As prices fluctuate along these peaks and Dip , cryptocurrencies often encounter resistance, as BRETT did when it fell from $0.10 to $0.081. However, this reversal may be temporary, suggesting that a significant rally could be imminent, potentially pushing the Token to $0.20.

However, if BRETT fails to experience significant consolidation in September, this bullish forecast could be invalidated. In that case, the price could drop to $0.079.

#4. Mantra (OM)

Mantra (OM) is XEM one of the top real-world asset ( RWA ) altcoins, which is the main reason why it is included in this list. OM's All-Time-High was $1.42 on July 22, but it has since fallen 37% from that level.

Technically, OM has formed a Falling Wedge pattern on the daily chart. This pattern is characterized by two descending trendlines connecting the asset’s highs and Dip . Typically, traders view the Falling Wedge pattern as a positive signal because the compressed lines indicate that sellers may be losing momentum.

If retail investors can capitalize on this opportunity as sellers get exhausted, a significant rally could occur. For OM, a break of the 38.2% Fibonacci level could signal the start of a new rally towards the All-Time-High. However, the 61.8% gold ratio at $1.15 could be a barrier for the price.

If OM breaks above the $1.15 resistance, its price could surpass $1.42 by September, making it one of the Altcoins to reach a new all-time high (ATH). However, this optimistic scenario may not happen if the Token falls below the low point of the Falling Wedge pattern once again. If that happens, the price could drop to $0.62.

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