Top Altcoin Gainers of the Second Week of January 2025
The cryptocurrency market has yet to find the basis to continue the rebound noted in Q4 2024. With Bitcoin currently hovering below the $95,000 mark, many altcoins are struggling to post any significant gains.
Nonetheless, BeInCrypto analyzed three crypto tokens that outperformed the top coins this week.
XDC Mainnet (XDC)
XDC price surged 21% over the past week, climbing to $0.102 and breaking the key resistance at $0.097. This significant increase demonstrates increased investor interest and strong market momentum, Altcoins go further If the support level holds, move up.
XDC’s next upside price breakout objective is breaking $0.108 and establishing it as support. However, this depends on maintaining $0.097 as a solid support level. Reversing these key levels would signal continued bullish momentum and increase market confidence in the cryptocurrency’s trajectory.
If investors start taking profits, XDC could fall below the $0.097 support and possibly drop to $0.088. A break below this would weaken recent gains and invalidate the current bullish outlook, thus casting uncertainty on the altcoin’s near-term performance.
Bitget Token (BGB)
Reach BGB An all-time high (ATH) of $8.49 was reached in late December 2024. However, the altcoin has since retreated, establishing key support at $5.80. This decline reflects the broader market volatility But highlights the importance of maintaining this support level for future bullish momentum.
BGB has gained 17% over the past week, indicating Strong recovery potential. Currently, the altcoin is trading at $7.34, which is close to its previous high of $8.49. A break above this resistance could pave the way for a new ATH, solidifying investor and trader confidence.
Unless the broader market trend turns bearish, continued gains are likely. If BGB breaks below the $5.80 support, the altcoin could sink further to $4.90, erasing recent gains and invalidating the current bullish outlook.
AIOZ Network (AIOZ)
AIOZ has experienced significant price volatility this week, with significant gains and losses over the past few days. Despite this turmoil, Altcoin Management A gain of nearly 17% pushed its price to $0.93. This performance highlights the asset’s ability to attract traders amid uncertain market conditions.
However, the cryptocurrency failed to find strong support at $1.00. This price point remains critical for AIOZ to build momentum and set its next resistance level at $1.32. If it fails to recover to this level, the altcoin’s upward trajectory may face resistance, limiting its ability to sustain growth.
The situation could seriously worsen if AIOZ price falls below the $0.92 support. A drop to $0.74 would erase recent gains and invalidate the bullish outlook. The move is likely to make traders cautious and could affect market confidence in the asset’s near-term performance.
Disclaimer
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