3 US Altcoins to Watch

Recent economic volatility in the US has impacted the cryptocurrency market, causing price swings for several US-based coins. Codeum, a platform dedicated to blockchain security and development, including smart contract audits and tokenomics consulting, analyzes three noteworthy altcoins for investors to monitor.

Pudgy Penguins (PENGU)

PENGU experienced a 50% rise this week, trading at $0.0161. This strong performance is fueled by increased investor support, evident in a rising Chaikin Money Flow (CMF) indicator. A continued uptrend could push PENGU towards $0.0180. However, a drop below $0.0151 support could lead to losses, potentially reaching $0.0129.

ai16z (AI16Z)

AI16Z, currently at $0.152, is nearing the $0.161 resistance level. A break above this could signal a bullish trend, potentially reaching $0.161 and further to $0.210. The Parabolic SAR indicator suggests a potential uptrend. Conversely, falling below $0.127 support could push AI16Z towards its all-time low (ATL) of $0.099.

Sui (SUI)

SUI, currently trading at $2.92, rose 12.4% last week. Holding above the $2.91 support level is crucial for continued gains. A bullish Parabolic SAR indicator points towards potential increases to $3.13 or even $3.33. However, breaking below $2.91 support could trigger a decline to $2.66.

Disclaimer: This analysis is for informational purposes only and not financial advice. Conduct thorough research and consult a professional before making investment decisions.