3 altcoins to watch ahead of the 2025 Santa Rally season.

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During the holiday season, the crypto market, like traditional financial markets, tends to rise as liquidation improves, investor sentiment becomes more optimistic, and traders prepare for year-end surges. Christmas-themed Token may experience significant gains during this time, but the focus remains on altcoins with strong momentum.

BeInCrypto has analyzed three potential altcoins that could experience a “Santa effect” in the coming week.

MYX Finance (MYX)

MYX Finance has just confirmed that MYX V2 has been under development for the past few months, a signal that could create new momentum. A launch around Christmas or New Year is entirely possible. The optimistic trend characteristic of the holiday season could lead to increased interest in MYX and higher price volatility.

The MYX Token has maintained its upward momentum for over six weeks, indicating improving momentum . Currently trading around $3.55, MYX could surpass $3.71 if sentiment remains positive. A successful breakout could lead to $4.00, its highest price level in approximately two months.

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MYX Price Analysis MYX price analysis. Source: TradingView

Technical indicators support bullish risk. The Relative Strength Index remains in positive territory, indicating stable demand. However, if this index rises too high, short-term profit-taking may occur.

If selling pressure increases, MYX could fall to the $3.00 region or lower, and the bullish scenario would no longer be valid.

Memecore (M)

Memecore has surged 25% over the past week, attempting to recover some of the losses from late November. This recovery reflects positive short-term momentum. If buying continues, this altcoin could conquer the $2.00 mark, suggesting a recovery cycle supported by renewed interest from retail investors.

Technical indicators are supporting an upward trend. The Parabolic SAR confirms the current uptrend, while Christmas events could further boost demand. Memecore needs to break above the $1.88 resistance zone to reach above $2.00. If the price breaks out, the next target is $2.12, further consolidating the strong uptrend.

Memecore Price Analysis Memecore price analysis. Source: TradingView

The downside risk remains if market sentiment changes. Increased selling pressure could push M below recent levels, retreating to the $1.42 support level. A drop to this area would render the bullish scenario ineffective and market confidence could be weakened.

Mantle (MNT)

Mantle has outperformed many other major altcoins despite the volatile market. The MNT Token has increased by 15% in the past week, currently trading around $1.28. This shows short-term strength as many retail investors shift to assets that are likely to hold their value better amidst the ongoing uncertainty in the crypto market.

The on-balance Volume indicator has been increasing in recent sessions, showing growing buying pressure. This trend could help the price reverse upwards or at least experience a short-term rebound. If the upward momentum continues, MNT could soon surpass $1.34. Upon successful breakout, the next target would be $1.50 in the short term.

MNT Price Analysis MNT price analysis. Source: TradingView

There is still a risk if buying pressure weakens. If it fails to break above $1.34, MNT could simply trade sideways or fall to around $1.30. If it breaks below this level, the bullish scenario will lose its validity, and the market could shift to sideways or slightly lower.

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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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