As we approach the end of the year, there’s a palpable buzz in the world of cryptocurrencies. A number of altcoins are showing promising signs of strong upward moves in the coming weeks. This altcoin watchlist for December includes WOO, SUSHI, THETA, LINK, FET, COTI, MATIC, and OCEAN. These cryptocurrencies have been showing technical indicators that suggest potential increases in value.
Technical Indicators Pointing to Potential Gains
When it comes to the altcoin watchlist for December, the following altcoins have been showcasing promising technical indicators:
- Ocean Protocol (OCEAN) has broken above the $0.4350 resistance level, and its Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggest a potential rise in price.
- SushiSwap (SUSHI) has an emerging bullish ascending triangle on its daily chart, indicating it could break above the $1.110 barrier.
- Theta Network (THETA) has triggered a significant bullish technical flag, with the 50-day Exponential Moving Average (EMA) line crossing above the 200-day EMA line.
- WOO Network (WOO) is showing signs of breaking a bearish cycle, with the daily RSI line attempting to cross the RSI SMA line.
Altcoins on the Verge of Breakout
Our altcoin watchlist for December also includes altcoins that are on the cusp of a breakout. These include:
- Chainlink (LINK), with a symmetrical triangle pattern on its daily chart, suggesting a potential breakout above $14.825.
- Fetch.ai (FET) is in a strong positive price channel, indicating a potential move upwards if buyers drive its price higher.
- COTI, with its 9-day EMA line positioned above the 20-day EMA line, suggesting that short-term momentum is in favor of bulls.
- Polygon (MATIC) has a positive trend line forming, indicating strong bullish momentum that could flip the $0.7855 resistance level into support.
Monitoring Your Altcoins
Keeping an eye on your altcoin investments is crucial, especially in the volatile world of cryptocurrencies. One effective way to do this is by using applications like cryptoview.io. This tool provides a comprehensive overview of your investments, allowing you to track price movements and make informed decisions.
Download cryptoview.io now and start monitoring your investments
Remember, while this altcoin watchlist for December provides insights based on technical indicators, the world of cryptocurrencies is highly volatile and unpredictable. Always do your own research and consider your financial situation before making any investment decisions.
