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Cryptocurrency News Articles

Three Altcoins That Are Growing Independently and Presenting a Price Increase for Investors to Watch Closely

Jan 06, 2025 at 06:00 pm

The New Year brought a fresh wave of optimism among investors, which is evident in Bitcoin's price reaching $99,000.

Three Altcoins That Are Growing Independently and Presenting a Price Increase for Investors to Watch Closely

BeInCrypto has analyzed the three altcoins that are growing independently and presenting a price increase for investors to watch closely.

The new year brought a fresh wave of optimism among investors, which is evident in Bitcoin’s price reaching $99,000. This has also resulted in a bunch of altcoins marking their new highs, with meme coins also being part of the cohort. However, some altcoins have shown independent growth, attracting attention with their unique price movements.

Three altcoins are independently bullish

I. Act I: The AI Prophecy (ACT)

After rebounding from its $0.25 support level in late December 2024, ACT is now approaching the next resistance at $0.41 with strong market momentum, suggesting a potential breakout in the near term.

The upcoming “New Paradigm” upgrade for ACT's chain is also expected to introduce a new framework, enhanced integration, and new team members into the project. This development has generated optimism among investors, positioning ACT for significant growth if the upgrade delivers as anticipated.

If the market reception aligns with expectations, we could see ACT breach $0.41 and rally toward $0.60. Failure to break through this resistance may lead to further consolidation between $0.30 and $0.41.

II. UNUS SED LEO (LEO)

While most tokens have achieved new highs in the past three weeks, LEO is among the few that are yet to reach this milestone in the recovering market. Its current 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 now. 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.

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.

III. Movement (MOVE)

Another key altcoin to watch is MOVE, which has been stuck below the $1.15 barrier for over a month and a half now, 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, also 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.

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.

News source:beincrypto.com

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