September could be an important month for altcoins, but this time there’s one factor we need to pay close attention to: Token Unlocks. Opening new quantities of coins in the market may cause temporary selling pressure, but if demand is strong and able to absorb the new supply, these events could turn into an opportunity rather than a problem. These are the most prominent coins I’m watching this month:
$ZEC is currently around $1220 after a rise of nearly 19% over the past 24 hours, and more than 130% over the past month 🔥 The market cap has also surpassed $20 billion.
And the strongest part? The shorts are getting crushed hard, with more than $17.5 million in short positions on #zec liquidated on Binance alone.
The launch of the Zcash ETF also gave the coin a strong boost, and the fund has attracted more than $34 million in inflows.
Honestly, the momentum on $ZEC is very strong right now, and the coin has entered the top 10 📈 The question is: how long will it last 👀
On the lower timeframes, the coin is trying to hold above 0.01100, and that’s a very strong resistance. What we want to see now is this stability carry over to the higher timeframes with liquidity entering.
Honestly, I liked the current area, and that’s why I entered a buy trade on $ZK 👇
If it holds above 0.01100, we might see a strong extension. But if it loses that level and turns it into resistance again, then we could see a strong rejection.
🚀 $ARB surged by more than 50% — will it continue? 📈
$ARB was one of the strongest coins today, and the rise came with strong interest in Robinhood Chain, built on Arbitrum technology, along with a sharp increase in network activity and fees.
Currently, the coin is correcting after being rejected from resistance, and this is the area we need to watch 👇
If it holds above 0.1950, we could see: 🎯 0.2100 🎯 0.2400
But if it loses 0.1950 and turns into resistance again, we may see a correction toward 0.17 in search of a support and rebound zone.
Honestly, $ARB has started attracting attention again 👀
🚀 $AR After the strong rise, it started giving a new opportunity
After the strong move on the lower timeframes, the coin corrected very well, and now it has started giving us entry and buy signals in preparation for a new upward rally.
The currency is currently testing a strong support area and has started to rebound clearly from it, which indicates buyers are entering. On the lower timeframes, the current movement is giving positive signals that are worth taking as a buy trade 👀
$DASH is currently bouncing from a strong support zone, and the lower timeframes are starting to give us nice signals of a possible new rise, so the area is worth watching . 🔹 Entry: 67.70 – 67.00 🔹 TP1: 70.00 🔹 TP2: 75.80 🔻 Stop loss: below 64.50
If the coin holds support and momentum continues, we might see the next move toward the targets 👀
After the strong rally, $FIL entered a correction and is now retesting the 50-EMA on the hourly timeframe, holding it well. Even the lower timeframes have started giving us nice entry signals.
$ZAMA It hit all its targets completely, a thousand congratulations to everyone who entered 🚀🚀
The trade was close to the stop loss, but before it got there, it took off and smashed all the targets 📈 Here you realize that patience and discipline are two essential things for the success of any trade ✅️
On the hourly timeframe, the coin has started bouncing from the 50-EMA after forming a strong support zone around 0.016, and for me this makes it a trade worth watching.
I entered a buy trade in the following zone:
🔹 Entry: 0.01680 – 0.01655 🔹 TP1: 0.01740 🔹 TP2: 0.01830 🔹 TP3: 0.01900 🔻 Stop loss: a full hourly candle close below 0.01610
If $PORTAL holds support and the bounce continues, we could see a new bullish rally 👀