• Bitcoin has reclaimed the $67,000 price range keeping bullish sentiment alive. 
  • The arrival of altseason and a bullish Q4 draws eyes to altcoins in the crypto market. 
  • Analysts mark SUI and JUP as top contenders for best-performing altcoins this cycle.

As Bitcoin reclaims the $67,000 price range, expectations for altcoins to outperform Bitcoin (BTC) continue to grow. However, in the eyes of many crypto analysts, Bitcoin is yet to outperform itself in this crypto bull cycle starting with setting a new ATH in Q4. Once this is set, altseason is expected to begin possibly setting many new altcoin ATHs in Q1. 

Altseason on the Horizon

To support this indication for a bullish altseason many altcoins have already begun to print highly bullish indicators on their price charts. Starting with XRP, whose Bollinger bands are squeezing so tight that analysts are betting on a massive upward price explosion for Ripple’s native asset till many other assets like SHIB, ADA, and DOGE’s many bullish signals.

Likewise, other altcoins like SUI, JUP, and FET have already begun to pump leading analyst to debate over what makes a strong altcoin portfolio. According to one analyst , it matters not if one’s altcoin portfolio is down 30-70%. He deems this to be “completely fine” and goes ont to say that “Being positioned well can lead you to a 20-50x at the end of the cycle”.

SUI and JUP Top Contenders as Top Performers

While his take is on a matter of patience, altcoin price charts support his view point. With highly bullish indicators it does seem like the buy and hold strategy could rewards holders significantly. Presently, the SUI and JUP price charts are positioning bother assets to be extremely good options to buy and hold for high returns. 

$SUI Macro Chart

I think #SUI should be one of the best performers in the upcoming Bull Run.

🔨 Key Resistance: $0.8-1.2

📍 My Buy Zone: $0.31-0.19

🎯 Target 1 – $8.5
🎯 Target 2 – $21 (Bull Market Top) pic.twitter.com/1SSkE7LYod

— CryptoBullet (@CryptoBullet1) September 11, 2023

While both assets have already pumped heavily, many believe this is only the beginning. As we can see from the post above, the SUI macro chart is setting up SUI to be one of the best performers in the coming bull run, atleast according to this analyst. He expects SUI to hit a cycle top target of $21.

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$JUP BREAKING OUT OF THIS ACCUMUALATION ZONE pic.twitter.com/NGIZr527K6

— KNIGHT $INJ TO 100$ (@cryptoknight890) October 23, 2024

Similarly, high expectations lie ahead for JUP as well. According to CoinMarketCap analytics, the price of JUP is well over $1. This means the asset has pumped by over 30% in just 30 days. Furthermore, the post above signifies that JUP is breaking out of an accumulation zone meaning massive gains lie ahead for JUP price.

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