As the crypto market rebounds back in recovery sentiment, some tokens are standing out with strong performances this week, offering traders attractive opportunities for long positions.
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Published 31 mins ago
With the leading cryptocurrency Bitcoin surging above the $38000 weekly barrier, a sentiment of recovery continuation has spread across the market. Amid the positive sentiment, the below token has shown the highest growth in the top 100 coins, positioning them into further growth potential as bullish momentum strengthens.
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Also Read: Top 5 Hidden Crypto Gems That Could Skyrocket in 2024
Terra Classic Price Analysis: Aggressive Buyers Aim $0.0002 Next
In late November, the Terra Classic token captivated investors as the USDT stablecoin experienced a significant surge. This positive trend contributed to the LUNC price bouncing from $0.000069 to an eight-month high of $0.000146.
Amid this rally, the coin’s price has recently surpassed a crucial resistance level at $0.00018, setting the stage for further gains. By press time, the LUNC price traded at $0.000184 with an intraday gain of 1%. With this asset showing unwavering bullish momentum, the upward movement is likely to surge 14% to hit $0.00021.
However, with sustained buying, the buyers may face overhead supply at $0.00027, followed by $0.00032.
IOTA Price Analysis Hints Early Sign of Trend Reversal
Over the last 20 months, the IOTA coin price has followed a descending trajectory, influenced by a falling wedge pattern. This pattern suggests a decreasing bearish momentum and hints at a potential trend reversal.
Coinciding with the broader market’s recovery sentiment, IOTA price gave a significant breakout from this pattern’s resistance trendline on November 29th. The resulting rally propelled the coin from $0.22 to $0.371 in just three days accounting for 50%.
Currently, the IOTA price is trading at $0.3355, attempting to maintain above the $0.33 resistance level. If it successfully holds this support, a further breakout above the $0.37 mark could lead to a 15.75% increase in value, targeting $0.427.
ORDI Price Analysis: Pennant Pattern Breakout Hints 35% Rally Ahead
The ORDI coin witnessed a dramatic rise in early November, soaring from $5 to $27.8, which translates to a 463% growth. Later in the month, the coin price movement entered a sideways consolidation, forming a bullish pennant pattern.
Reflecting the market’s recovery trend, the ORDI price broke out from this pattern on December 10, leading to a 55% increase and now trading at $32.3. Following the pattern’s trajectory, and with continued buying interest, the coin’s value could potentially escalate by an additional 35.6%, reaching a target of $44.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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- Source: https://coingape.com/markets/highest-crypto-gainers-of-the-week-lunc-iota-ordi/
