The cryptocurrency market has not yet found the momentum to continue the growth recorded in the fourth quarter of 2024. Currently, Bitcoin is still fluctuating below 95 thousand USD, many altcoins are having difficulty recording gains significant.
However, TinTucBitcoin analyzed three cryptocurrency tokens that outperformed the top coins to record gains this week.
XDC Mainnet (XDC)
XDC price has skyrocketed 21% in the past week, reaching $0.102 and surpassing the key resistance level of $0.097. This significant growth demonstrates growing investor interest and strong market momentum, positioning this altcoin for further gains if support levels hold.
XDC’s next target is to break above the $0.108 level and establish it as support. However, this depends on $0.097 remaining as solid support. A reversal of these key price levels would signal a sustained growth move and increase market confidence in the cryptocurrency’s direction.
If investors start booking profits, XDC could fall below the $0.097 support and potentially drop to $0.088. A decline below this level would invalidate recent gains and weaken the current bullish outlook, creating uncertainty for the altcoin’s short-term performance.
Bitget Token (BGB)
BGB reached a new high (ATH) at $8.49 in late December 2024. However, the altcoin corrected and established critical support at $5.80. This price drop reflects overall market volatility but highlights the importance of maintaining this level of support to fuel future upside momentum.
Over the past week, BGB increased by 17%, showing strong recovery potential. Currently trading at $7.34, the altcoin is approaching its previous ATH of $8.49. Breaking through this resistance could pave the way for a new ATH, bolstering the confidence of investors and traders.
A continued rise appears feasible unless the overall market trend turns bearish. If BGB falls below the $5.80 support, the altcoin could fall further to $4.90, erasing recent gains and invalidating the current bullish outlook.
Aioz Network (AIOZ)
AIOZ has encountered significant price volatility this week, with sharp rises and falls marking recent days. Despite this volatility, the altcoin still recorded a gain of nearly 17%, pushing its price to $0.93. This performance highlights the asset’s ability to attract traders amid uncertain market conditions.
However, the cryptocurrency has been unable to establish strong support at $1.00. This price level remains important for AIOZ to continue building momentum and target the next resistance level at $1.32. If this level is not regained, the altcoin’s upward trajectory may encounter resistance, limiting its ability to maintain growth.
If AIOZ price falls below the $0.92 support level, the situation could worsen significantly. A decline to $0.74 would wipe out recent gains and invalidate the bullish outlook. Such a move could make traders more cautious, possibly affecting market confidence in the asset’s short-term performance.
