The New Year brought a fresh wave of optimism among investors, which is evident in Bitcoin’s price reaching $99,000. This resulted in a bunch of altcoins also marking their new highs, with meme coins also being part of the cohort.
BeInCrypto has analyzed the three altcoins that are growing independently and presenting a price increase for investors to watch closely.
Act I: The AI Prophecy (ACT)
ACT is trading at $0.35 after rebounding from its $0.25 support level in late December 2024. The altcoin is now approaching the resistance of $0.41, with market momentum suggesting a potential breakthrough in the near term.
The upcoming “New Paradigm” upgrade for ACT’s chain is expected to introduce a new framework, enhanced integration, and fresh team members. This development has generated optimism among investors, positioning ACT for significant growth if the upgrade delivers as anticipated.
ACT Price Analysis. Source: TradingView
If market reception aligns with expectations, ACT could breach $0.41 and rally toward $0.60. However, failure to break resistance may lead to consolidation between $0.30 and $0.41, delaying further progress.
UNUS SED LEO (LEO)
LEO is among the few tokens that have not achieved a new high in the past three weeks despite the recovering market. Its current all-time high (ATH) stands at $9.80, reflecting the token’s potential for a significant breakout in the near term.
The altcoin has shown resilience by maintaining support above $8.94 for several days. This stability has kept LEO afloat, positioning it only 7.3% away from forming a new ATH. Investors are closely monitoring these levels as a breakout appears increasingly likely.
LEO Price Analysis. Source: TradingView
However, investor selling remains a key concern. Any unexpected sell-offs could push LEO below its $8.94 support, potentially dragging the token to $8.45 and invalidating the bullish outlook.
Movement (MOVE)
Another key altcoin to watch, MOVE, has remained below the $1.15 barrier for over a month and a half, struggling to close above this critical level. Breaking $1.15 is essential for the token to surpass its all-time high of $1.41, making this resistance a key focus for investors.
The upcoming token unlock, valued at $54 million, adds intrigue to MOVE’s price action. While smaller than last month’s $2.43 billion release, the reduced unlock size could mitigate downward pressure, keeping investor optimism alive for a potential breakout.
MOVE Price Analysis. Source: TradingView
Failure to breach $1.15, however, may prolong the ongoing consolidation between $0.75 and $0.91. This could invalidate the bullish outlook, delaying MOVE’s chances of achieving new highs.
