3 names are quietly gathering strength for a breakout in September

As the last month of Q3 officially kicks off, the outlook for the crypto market once again becomes the focal point of discussion. Although the overall picture is still leaning towards a downtrend – from slight corrective movements to strong selling pressure – many important signals are forming at the network level. These fundamental factors could act as a catalyst for a reversal, opening up opportunities for altcoins that possess a sustainable development ecosystem.

In this context, three prominent names that investors need to keep a close eye on in the coming days are Conflux (CFX), Ondo (ONDO) and Immutable (IMX). These are all projects that attract attention not only because of price fluctuations, but also because of significant movements in network operations and ecosystem expansion strategies.

Conflux (CFX): Ready for the boost from the hard fork

The price of Conflux (CFX) is attracting attention as the network prepares to implement the Conflux 3.0.1 hard fork, a technological milestone that is considered to be able to reshape the token’s short-term prospects. The highlight of the upgrade is the activation of CIP-156, an enhancement focused on optimizing network performance, improving transaction processing, and enhancing the overall experience for users and developers alike.

In the history of the market, major network upgrades often create an optimistic sentiment, as they bring the expectation that the blockchain will operate more efficiently, safely, and with higher applicability. This expectation often becomes a catalyst for the price, driving short-term speculative capital into the native token. With CFX, the current context is no exception.

Technically, CFX is showing resilience from the key support zone of $0.178. If buying is triggered along with positive information surrounding the hard fork, the coin could retest the $0.196 resistance level. A successful breakthrough of this mark will pave the way for CFX to move towards the $0.2 area – a symbolic price. If it stays above $0.2, the price structure will be strengthened, thereby giving investors confidence that the rally can extend to higher price zones.

However, it should be emphasized that not every upgrade immediately creates a positive effect on the price. In the event that the hard fork does not bring significant improvement, or the general market is still in a state of “risk-off” (ngại risk ro), the CFX may only fluctuate around $0.196 without enough strength to overcome. Worse, if the selling force increases, the token is likely to break the $0.178 support zone, dragging the price down to $0.17 or even lower. This scenario will increase psychological pressure on the holding community, while limiting recovery efforts in the short term.

! CFX 1 Day Price Chart | Source: TradingViewIn other words, the Conflux 3.0.1 hard fork is a two-sided event: it can become the impetus for a new bull run, but it can also be “good news that has been reflected in the price” if expectations are too high and the actual results are not breakout enough. Therefore, investors need to closely monitor the market’s reaction immediately after the upgrade is implemented to make an appropriate decision.

Ondo (ONDO): Countdown to important announcement

Currently, Ondo (ONDO) is trading around 0.9 USD, slightly higher than the important support level of 0.873 USD. This increase comes after a short-term adjustment, and is reinforced by negative technical signals: a Death Cross has formed on the (EMA) moving averages. The Death Cross, which is seen as a precursor to a downtrend, often makes market sentiment more cautious, as it indicates that selling pressure still prevails.

However, the picture is not entirely gloomy. ONDO is expected to have a new catalyst on September 3, when the project announces an important announcement. Last week, the development team hinted at the event by stating: “The market is reaching out to the world.” This suggests that the update may be related to expanding the scope of operations, strategic partnerships, or launching products/services in major markets – factors that are likely to increase the attractiveness of institutional investors and the community.

Technically, if the announcement really has a positive effect, ONDO can bounce back from the $0.873 support zone, first head towards $0.94 and turn this mark into a new support zone. A sustained rally could then take ONDO towards the $1.07 area, regaining most of the price lost in the last correction. This scenario will help ONDO break the bearish structure, opening up the opportunity to establish a new recovery cycle.

On the contrary, if the event on September 3 does not meet expectations – or the cash flow remains cautious – then the pressure from the Death Cross may increase. At that time, ONDO faces the risk of falling deeply to 0.8 USD, further extending the downtrend and undermining short-term investor confidence.

ONDO Price Chart 1 Day | Source: TradingViewIn other words, ONDO is currently in a “fragile balance” state: technical signals are leaning towards fall, but upcoming news factors could reverse the trend in a very short period of time. Investors need to pay attention to both the market’s reaction immediately after the announcement is made, as well as the accompanying trading volume, to assess whether this is a truly sustainable momentum or just a short-term speculative bounce.

Immutable (IMX): Facing pressure to unlock tokens

Over the past few weeks, Immutable (IMX) has maintained a downtrend, currently trading around $0.498. This is an important threshold, both playing the role of technical support and a psychological fulcrum for investors. The price testing and holding this level will determine whether the IMX can form a short-term stability phase or continue to plunge.

A notable signal comes from the Ichimoku Cloud: the analysis tool is hinting at the possibility of a rebound. If this trend is confirmed, IMX may enter the “technical bottom exit” phase, opening up short-term opportunities for investors to catch the wave. However, it should be emphasized that this is only an early signal, not enough to affirm a sustainable reversal.

The biggest risk point at the moment comes from the supply unlock event. In the near future, 24.52 million IMX tokens (tương more than 12 million USD) will be released to the market. Sudden increases in supply often create selling pressure, especially if the majority of these tokens are transferred to early investors or project teams – who tend to take profits quickly. If the demand in the market is not strong enough to absorb, the IMX price may break the current support mark, slide to $0.47 and even extend the downside to $0.432.

Conversely, in case the market sentiment remains optimistic and the trading volume increases, the IMX can hold above the $0.498 zone. At that point, the next target will be $0.548 – an important resistance level. If it is successfully crossed, this level will turn into new support, thereby weakening the downtrend and creating space for a clearer recovery.

IMX Price Chart 1 Day | Source: TradingViewIn summary, IMX is currently in a “sensitive balance” position: the technical recovery outlook is supported by Ichimoku signals, but the supply pressure from the token unlock event threatens the bullish scenario. Investors should combine monitoring capital flows, trading volumes, and reactions at key support/resistance levels to develop an appropriate strategy.

Lilly