Bitcoin, after nearing the $100,000 mark two weeks ago, became a focal point in last week’s market volatility. It tested the $90,000 support level before bouncing back to $97,200 on Sunday.
Despite this bearish backdrop, several altcoins delivered remarkable performances. Here are the standout movers to watch in the coming days:
XRP
XRP showed resilience amid market turbulence. Although it fell by over 12% from November 24 to 26, it rebounded sharply to close the week with an impressive 33% gain.
After retesting the $1.28 level on November 26, XRP surged past the $1.63 resistance, replacing Binance Coin (BNB) as the fifth-largest asset.
The rally continued, pushing XRP to $1.9586—nearing its April 2021 peak of $1.96. If this resistance is breached, XRP could reclaim the $2 mark for the first time since 2018. Based on Fibonacci levels, analysts project further resistance at $2.35 and $2.56.
Read more: Pepe Unchained (PEPU) Presales Still Opened, Why Become So Popular?
ApeCoin (APE)
ApeCoin (APE), the token powering the Bored Ape Yacht Club ecosystem, climbed 13.6% last week. Its recovery began on November 27, with a strong 11% surge by November 29, breaking out of a five-week symmetrical triangle.
Despite briefly retracing to $1.38, APE closed the week at $1.50, signaling renewed bullish momentum. However, it has since dipped below this level, with its RSI hovering near overbought territory at 69.
Bulls must defend the $1.30 zone this week to sustain upward momentum. A re-entry into the triangle could signal a bearish shift.
Notably, Yuga Labs, creators of the Bored Ape Yacht Club, developed APE. On December 17, 15.6 million tokens are set to unlock, which could impact its price movement.
Algorand (ALGO)
Algorand (ALGO) emerged as one of last week’s top performers, surging by an impressive 51%. The most significant portion of its gains came on November 29, with a 36.92% rally—the largest intraday spike of 2024.
This surge followed a “golden cross” formation on November 25, where its 50-day moving average surpassed the 200-day moving average. ALGO reclaimed the $0.48 level for the first time since May 2022, igniting optimism for a potential rally to $1.50.
Analysts note that the last golden cross in late 2023 preceded a 96% price increase. To maintain momentum this week, ALGO must surpass the $0.4893 resistance. However, a drop below $0.40 could weaken its bullish trajectory.
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