The crypto market has yet to find its footing to sustain the rally it recorded in Q4 2024. Bitcoin is hovering below the $95,000 mark for now. Many altcoins are struggling to make any decent gains. However, there are some outperformers this week. Crypto analyst Aaryamann Shrivastava discusses the standout XDC Coin and two tokens.
The first ranked altcoin: XDC Network (XDC Coin)
The XDC Coin price rose 21% in the past week to $0.102. In the process, the token broke through the critical resistance of $0.097. This significant increase shows growing investor interest and strong market momentum. It also positions the altcoin for further upside if support levels remain intact. The next target for XDC Coin is to surpass $0.108. Also, to establish this as a support level. However, this depends on it maintaining $0.097 as a solid support floor. Breaching these key levels would signal a continuation of bullish momentum and boost market confidence in the cryptocurrency’s trajectory.
If investors start booking their profits, XDC Coin will break below the $0.097 support level. In this case, a drop to $0.088 is potentially in the cards. A decline beyond this point would undermine recent gains and invalidate the current bullish outlook, creating uncertainty for the altcoin’s near-term performance.
Bitget Token (BGB) comes in second place
BGB reached an ATH high of $8.49 in late December 2024. However, the altcoin has since retreated and established significant support at $5.80. This decline reflects the volatility of the broader market. However, it needs to hold this support level for future bullish momentum. Last week, BGB rose 17%, showing strong rebound potential. Currently trading at $7.34, the altcoin is approaching its previous ATH of $8.49. A break of this resistance could pave the way for a new ATH, solidifying confidence among investors and traders.
The uptrend is likely to continue unless broader market trends turn bearish. If BGB breaks below the $5.80 support, it is likely to fall as low as $4.90. This would erase its recent gains.
The last altcoin in last place: Aioz Network (AIOZ)
AIOZ has seen sharp rises marking the last few days. It has also witnessed sharp declines. Thus, it has experienced significant price volatility this week. Despite this turbulence, the altcoin managed to rise nearly 17% to $0.93. This performance highlights the token’s ability to attract traders in uncertain market conditions. However, AIOZ failed to secure $1.00 as a strong support level. This price point remains critical for AIOZ to gain momentum and target its next resistance at $1.32. Without reclaiming this level, the altcoin’s upside trajectory could run into resistance and limit its ability to sustain growth.
If the AIOZ price falls below the $0.92 support level, the situation will deteriorate significantly. A fall in the price to $0.74 will erase the recent gains and invalidate the bullish outlook.
The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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