Top Altcoins To Watch In December: Prices Of These Coins Are In Bullish Mode

November was a positive month for the market, continuing the ‘Uptober’ revival. This momentum drove Bitcoin and altcoins to their new highest levels of 2023.

While Bitcoin faced minor rejections at $38,500, investors shifted from Bitcoin to altcoins during its downturn, causing a surge in altcoin prices.

Terra Luna Classic (LUNC) Price Analysis:

Over the last 30 days, LUNC price made a surge of nearly 80%. LUNC has remained above its 20-day EMA, but it faces a correction. If bears pull LUNC below its moving averages, the price might test buyers’ patience at $0.000068. However, a rebound will send the price toward resistance at $0.000143.

Further accumulation above the immediate resistance channel will drive the price toward $0.0002.

Dogecoin (DOGE) Price Analysis:

Dogecoin has consistently found support at the 20-day Exponential Moving Average (EMA), priced at $0.08. This trend suggests active purchasing at lower price levels.

The upward trajectory of the moving averages, along with a Relative Strength Index (RSI) in positive territory, suggests a higher likelihood of upward price movement. Buyers are pushing the price to break the resistance at $0.087.

Solana (SOL) Price Analysis:

Solana rebounded from $53, indicating a continued positive market sentiment. Currently, buyers are aiming for a breakout above $62 to trigger a bullish December.

A successful breakout above $62 might send SOL to its high at $70. Overcoming this level is crucial for the bulls to negate the head-and-shoulders pattern, a traditionally bearish indicator. The invalidation of this pattern could be a bullish signal, potentially triggering a significant rally in the price towards $94.

Conversely, $51 is a critical support level. A drop below this level could lead to a more extensive correction, potentially driving the price down to the consolidation zone of $39-$43. 

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$LUNC $DOGE $SOL