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In the last month of this year, will Altcoin make a strong counterattack?

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The momentum of Bitcoin remains strong, and as usual, the cryptocurrency scene is once again full of vitality. Since the 2021 bull market, the total market capitalization of cryptocurrencies has recovered to over $3 trillion for the first time. In this industry, we see old-fashioned currencies like stealing the limelight, but the real gems are these that have been undervalued by 10 times.

VX: TTZS6308

As the year-end approaches, the cryptocurrency market is once again in a frenzy, especially in the industry. Investors are closely watching some backed by real assets (RWA), expecting them to lead a strong counterattack in the market in the last month. Coins such as (), (), , and () have recently performed outstandingly, each experiencing significant price increases.

() has gained momentum, with the price continuing to rise

() has risen by about 20% in the past week, currently priced at around $45.08, growing by 2.4% in the past 24 hours. Technical analysis indicates that the support level for is at $42.75, and if this price level can be stabilized, the price is expected to continue to rise, with the next resistance level at $46.00, followed by $48.50.

Meanwhile, the 24-hour trading volume of reached $800 million, an increase of 27.14%, indicating strong market interest in this cryptocurrency. If the trading volume continues to grow, is expected to hit a new high in December.

() and have shown strong momentum

() has also performed well recently, rising 24% in the past week, with the current trading price around $18.83. The key support level for is at $18.00, and if it can break through the $18.75 resistance level, the price is expected to rise further to $19.50 or even higher. It has grown by 4.2% in the past 24 hours, and the trading volume has also reached $1.076 billion, reflecting a bullish sentiment in the market.

is also not to be outdone, although it has retreated slightly in the past few days, but it has still risen 24.5% in the past week, reaching a price of $0.2688. Its market capitalization has grown by 19.03%, reaching $950 million (approximately NT$30.8 billion). 's 24-hour trading volume has surged by 137.66%, indicating increasing investor interest in this cryptocurrency. If it can break through the $0.28 resistance level, is expected to see a new wave of price increases.

() and other coins are poised to lead the market to a new trend

Despite facing legal challenges, () remains active in the market, with its blockchain technology for cross-border payment systems attracting widespread attention. Investors and technology enthusiasts continue to closely follow 's strategic actions and regulatory decisions.

(), which started as a meme coin, has developed into one of the most popular cryptocurrencies. With a strong fan base, it has recently also attracted the interest of many wealthy individuals. Its market performance still depends on social media trends and the volatility of the cryptocurrency market.

() is committed to solving the interoperability problem between blockchains, and its infrastructure allows various specialized blockchains to interact, which may become the key to solving the fragmentation problem of existing blockchain projects.

() has risen to prominence with its high-performance transaction capabilities, and its Directed Acyclic Graph (DAG) consensus mechanism provides an alternative to traditional blockchain technology. The platform continues to develop innovative solutions for decentralized finance and blockchain scalability.

With the overall bullish sentiment shifting, may attempt to reach the psychological level of $1 again. In the daily chart, the price trend of the token shows four consecutive green candles. The bullish trend started around the 100-day moving average near $0.64 and rose to the psychological level of $1.

This explains the reason for the 56.49% price increase in four days. Supported by the bullish opportunity, the 50-day, 100-day, and 200-day EMA curves are all bullish vertical lines. When looking at the MACD indicator, the moving averages will increase when the histogram appears.

On the weekend, U.S. institutional investors are not working, and the funds in the market are starting to go crazy on their own. The trading volume of , the second-largest cryptocurrency, and , the fifth-largest, both exceeded that of , indicating a certain FOMO sentiment in the market, and a relatively obvious seesaw effect, where is weak and others are strong, which is a typical bull market money-making effect. As long as can hold its ground, the chaos will continue.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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