Biggest Altcoin Gainers of the Third Week of December 2024

At one level, the third week of December 2024 seemed destined to close on a sour level to for many cryptocurrencies, as market sentiment seemed overwhelmingly bearish. On the other hand, a slack rally across the market reversed fortunes, allowing the high three altcoin gainers of the week to surge with double-digit gains

On this diagnosis, BeInCrypto finds the finest altcoin gainers of the week, how the property rose to the level, and what’s going to most likely be subsequent for them. They embrace Hyperliquid (HYPE), Circulation (MOVE), and Bitget Token (BGB),

Hyperliquid (HYPE)

Since December began, Hyperliquid has held its floor as one of the altcoin gainers of the week, as it turned into on the checklist at some level of the first two weeks. This time, it’s far never any longer diversified, as the native token of the decentralized swap climbed by 55%.

The rise in tag will most likely be linked to low promoting power round the altcoin. Besides that, the token has gotten swap listings on KuCoin and Gate.io. This swap list means that a larger share of the market can now secure entry to the token, which manner increased trading quantity.

On the 4-hour chart, the Bull Undergo Vitality (BBP), which measures the strength of investors in contrast with sellers, is in the distinct zone. Which ability that bulls are on high of things, and the altcoin’s tag might perhaps well moreover alternate better.

Also, the Relative Power Index (RSI) discovering out has continued to rise, implying that the momentum round the Hyperliquid token is bullish. Would possibly tranquil this reside the same, HYPE’s tag might perhaps well moreover rise to $42.24 in the immediate duration of time.

On the other hand, if the altcoin gets extremely overbought, this model might perhaps well well reverse. In that dispute of affairs, the token’s cost might perhaps well well decline to $26.16. 

News Circulation (MOVE)

MOVE, the native token of Ethereum Digital Machine (EVM) Layer-2 network Circulation, is moreover share of this week’s altcoin gainers. For the length of the week, MOVE’s tag gained 51.60%, with about 25% of this coming in the last 24 hours.

The amplify in tag will most likely be linked to the bullish sentiment and rising buying power round the token. As of this writing, MOVE’s tag has hit $1. The 4-hour chart reveals that the Awesome Oscillator (AO) discovering out has continued to climb.

Evaluating historical tag movements with fresh ones, the rise in the AO score signifies a bullish sentiment round the token. Would possibly tranquil this reside the case, MOVE’s tag might perhaps well well climb to $1.44.

On the other hand, the altcoin will appreciate to interrupt thru the resistance at $1.06 to manufacture that. Failure to interrupt thru this hurdle might perhaps well moreover invalidate the prediction, and the tag might perhaps well well decline to $0.76.

News Bitget Token (BGB)

Third on the checklist of altcoin gainers this week is BGB, the native asset of the crypto swap Bitget. This week, BGB’s tag surged by 42.60%, pushing the token above the $4 psychological barrier.

In step with the day-to-day chart, BGB trades in an ascending channel, suggesting that the altcoin might perhaps well well protect hitting better lows and better highs. With the quantity showing rising buying power, BGB’s tag is more likely to be better in the immediate duration of time.

If that’s the case, then a rally toward $6 might perhaps well moreover arrive to sail. On the other hand, if promoting power will enhance with the altcoin holders reserving profits, this might perhaps well well swap. In that dispute of affairs, the token’s cost might perhaps well well fall to $2.91.