In the altcoin market, older coins from 2017 are leading the rise.
Recently, some older altcoins have started to perform, such as XRP, ADA, HBAR, CRV, and IOTA.
Currently, the focus of funds and the market is mainly on these two coins, BNB and TRX, both of which reached all-time highs today.
The highest price of TRX surged to $0.45, while BNB also reached $774.
The rise of BNB is mainly due to news that Binance founder CZ may sell some shares to certain institutions, with market speculation suggesting it could be BlackRock in the U.S.
I think the likelihood of CZ selling shares to BlackRock is quite high.
After all, CZ currently holds an excessively concentrated stake, still exceeding 90%. Binance needs to maintain stable development through this long-term interest binding.
From the current trend, coins like XRP, ONDO, TRX, and BNB are rising in turns, indicating that large funds are speculating on compliant projects.
The biggest highlight of ONDO is its compliance.
Four potential coins with the potential to surge tenfold in December!
Ondo (ONDO)
Ondo (ONDO) has recently undergone significant changes. The price rose by 18.11% last week. In the past month, the increase was even more substantial, reaching 88.41%. However, over the past six months, the token has decreased by 13.01%, showing some long-term volatility.
Ondo's current trading price is between $1.05 and $1.40, approaching the recent resistance level of $1.53. If this point is broken, the next target will be the second resistance level of $1.88. On the downside, the recent support level is $0.83, and if the price drops further, a deeper support level is at $0.47.
Technical indicators show mixed signals. The Relative Strength Index (RSI) is at 57.59, and the stochastic oscillator is at 62.78, both floating in the neutral zone. The 10-day and 100-day simple moving averages are close to $1.20 and $1.19, respectively, indicating an entry into a consolidation phase. However, the MACD level is slightly negative at -0.00693, indicating potential bearish momentum. Based on this data, if the Ondo price breaks through the resistance level of $1.53, it could rise, but if it fails to break through, it may decline to the support level of $0.83.
NEAR Protocol (NEAR)
NEAR has recently experienced significant price fluctuations. Last week, its price slightly decreased by -0.9182%, maintaining a range between $6.17 and $7.46. In contrast, there was a strong increase of 73.71% last month, indicating bullish momentum. However, over the past six months, NEAR's price has dropped by -8.25%, reflecting some long-term volatility.
Technical indicators show mixed signals. The Relative Strength Index (RSI) is at 51.29, indicating neutral market sentiment. The MACD level is at -0.0731, suggesting the potential for a bearish trend. The 10-day and 100-day simple moving averages are at $6.67 and $6.89, respectively, indicating that the current price is hovering around these averages.
Looking ahead, NEAR faces a resistance level of $8.01. If this point is broken, the next target could be $9.30, which would represent an increase of about 24% compared to the current peak. On the downside, the closest support level is $5.42. A drop below this level could lead to a second support level of $4.12, representing a decline of about 33% from the current lower range. These levels may play a critical role in the direction of NEAR's price.
Sui (Sui)
Sui (SUI) stands out due to its price volatility. Last week, the price dropped by 3.08%. However, from a broader perspective, it grew by 65.69% last month and 212.28% in the last six months. Currently, SUI is trading between $3.08 and $3.77, highlighting its volatility and active market interest.
Technical indicators present a mixed outlook. The Relative Strength Index (RSI) is at 44.32, indicating that SUI is neither overbought nor oversold. The stochastic indicator is at 25.30, close to the oversold area, which may indicate an upward correction. The MACD level is slightly negative at -0.0526, indicating mild bearish momentum. The 10-day simple moving average is at $3.26, slightly below the 100-day average of $3.43, indicating that traders are adopting a cautious stance.
Key price levels to watch are the recent resistance level of $4.05 and the support level of $2.69. If the resistance level is broken, SUI may test the second resistance level of $4.73, resulting in significant increases. On the downside, a drop below the support level could lead to a decline to the second support level of $2.01. With significant growth in recent months, traders are closely monitoring these levels to determine SUI's next direction.
Toncoin (TON)
Toncoin (TON) has gained attention due to its recent price movements. The price rose by 8.05% last week, with a monthly increase of 35.78%. However, over the past six months, the price has dropped by 9.29%, showing some long-term volatility.
Currently, TON is trading between $6.01 and $7.33. The recent resistance level is $7.82. If the price exceeds this point, it may look for the second resistance level of $9.14. On the downside, the recent support level is at $5.18, with the second support level at $3.86.
Technical indicators show mixed signals. The 10-day and 100-day moving averages are very close to each other at $6.54 and $6.61, respectively, indicating a stable trend. The Relative Strength Index (RSI) is at 49.40, close to neutral, indicating neither overbought nor oversold conditions. The stochastic indicator is at 37.89, somewhat low, which may suggest potential upside. However, the MACD level is negative at -0.0718, indicating some bearish momentum. Considering these factors, if positive momentum continues, TON may continue its upward trend in the short term and test resistance levels.