Is ‘Santa Rally’ Coming? Top 5 Altcoins to Stack Up This Holiday Season
Crypto Banter has brought to attention the altcoins that seem most bullish for the month of December. He opened up about Bitcoin’s current position and key levels, stressing the potential for an upward trend.
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The analyst shared about Bitcoin’s historical performance, particularly in December following bullish Octobers and Novembers.
The monthly chart for Bitcoin showed a positive trend, with a strong bullish close and an expectation of testing the $42,000 resistance.
The analysis also considered the potential impact of the upcoming spot ETF approval, anticipated around January 10th. Positive signs from ETF analysts and the recent actions of the SEC were discussed as contributing factors.
December’s historical strength, often referred to as the “Santa rally,” was considered alongside positive sentiment in the holiday season. Talking about altcoins, the analyst identified five contenders for potential gains.
Rune (THORChain)
Breaking above its previous local high, Rune is observed to have a strong structure and potential for upward momentum. Key support lies at $6.68.
Celestia (TIA)
Despite a substantial rally post-airdrop, Celestia is experiencing a pullback. The analyst eyes potential entry points at $7.55 or $8, depending on market conditions.
Solana (SOL)
Still on a strong uptrend, Solana has responded positively to recent market dynamics. The key levels for potential entries are $61.24 and $58. In the context of the broader Solana ecosystem, the discussion extended to Serenity Shield, emphasizing its role in enhancing the security of self-custody and inheritance in the crypto space.
Arweave (AR)
Emerging as an under-the-radar pick, Arweave is showing signs of an impending breakout. The analyst anticipates a quick run to $12-$14.
Dogecoin (DOGE)
The analysis concluded with a look at Dogecoin (DOGE), identifying it as a token with potential for further movement. Positioned at an interesting level, Dogecoin has potential for a breakout. The analyst suggests watching for a breakout above resistance and a retest for potential trading opportunities.
