The cryptocurrency market has yet to find a footing to sustain the mentioned rally in the fourth quarter of 2024. With Bitcoin currently stuck below $95,000, many altcoins are struggling to make significant gains.
Nonetheless, BeInCrypto analyzed three cryptocurrency tokens that performed better than their top coins this week.
XDC Mainnet (XDC)
XDC price has surged 21% over the past week, rising to $0.102 and breaking the critical resistance of $0.097. This significant rise shows growing investor interest and strong market momentum, putting the altcoin in a position to rise further if support levels remain intact.
XDC’s next target is to break $0.108 as a support level. However, this depends on holding $0.097 as firm support. A reversal of these key levels would signal continued bullish momentum and increase market confidence in the cryptocurrency’s trajectory.
If investors start booking profits, XDC could fall below the $0.097 support level and potentially fall to $0.088. A decline beyond this point would weaken recent gains and invalidate the current bullish outlook, creating uncertainty about the altcoin’s near-term performance.
BitGet Token (BGB)
BGB reached an all-time high (ATH) of $8.49 in late December 2024. However, the altcoin has since rebounded and established important support at $5.80. This decline reflects volatility in the broader market but highlights the importance of maintaining this support level for future bullish momentum.
Last week, BGB rose 17%, showing strong recovery potential. Currently trading at $7.34, this altcoin is approaching its previous ATH of $8.49. Breaking this resistance could pave the way for a new ATH and strengthen trust among investors and traders.
Unless the overall market trend turns bearish, it is likely to continue rising. If BGB falls below the $5.80 support, the altcoin could fall further towards $4.90, erasing recent gains and invalidating the current bullish outlook.
AIOZ Network (AIOZ)
AIOZ has experienced significant price volatility this week, with sharp ups and downs over the past few days. Despite the turmoil, the altcoin rose nearly 17%, pushing its price to $0.93. This performance highlights the asset’s ability to attract traders even in uncertain market conditions.
However, the cryptocurrency failed to secure the strong $1.00 support level. This price range remains important for AIOZ to build momentum and target the next resistance level at $1.32. Failure to recover this level could cause the altcoin’s upward trajectory to face resistance, limiting its ability to sustain growth.
If AIOZ price falls below the $0.92 support level, things could get significantly worse. A decline to $0.74 would erase the recent gains and invalidate the bullish outlook. Such a move could make traders cautious and could potentially affect market confidence in the asset’s near-term performance.
disclaimer
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