As the year ends, investors are watching real-world asset (RWA)-backed altcoins closely. According to Altcoin Buzz data, Avalanche (AVAX), Chainlink (LINK), and IOTA are among the most promising candidates, each experiencing notable price increases.
These altcoins show potential for continued growth into December, with technical indicators and market trends offering key insights.
Avalanche (AVAX) Gains Momentum
Avalanche has made a strong move in the market, with a 20% rise over the past week. As at press time priced at $45.38, AVAX has shown a 6.10% increase in the last 24 hours, signaling a potential bullish trend.
Support levels for AVAX are found around $42.75, where the price recently bounced. Should this level fail to hold, traders may see a deeper pullback to $41.50.
On the upside, $46.00 is the immediate resistance, followed by $48.50. With a 24-hour trading volume of $790.71 million, up 27.14%, market interest is strong, suggesting that AVAX may reach new highs soon.
Chainlink (LINK) Shows Bullish Sentiment
Chainlink has also seen impressive growth, rising 24% in the past week. At $18.63, LINK is currently trading near key support at $18.00. A successful break above $18.75 could open the door to further upward movement, potentially reaching $19.50 or higher. The 12.58% increase in 24-hour trading volume to $600.42 million reflects strong market participation and bullish sentiment.
Read also: Which Altcoins Have the Most Loyal Holders? Santiment’s 10-Year Report
If LINK drops below $18.00, it may fall to the next support at $17.55. However, continued volume could push it past resistance, signaling a bullish December outlook.
IOTA Climbs with Increased Trading Activity
IOTA has been experiencing a steady uptrend, with an 18.88% increase in the last 24 hours, pushing its price to $0.2685. The token’s market cap now stands at $949.3 million, showing a 19.03% rise. A 137.66% surge in 24-hour trading volume highlights the growing interest in IOTA.
Although the price tested resistance near $0.28 recently, a breakout above this level could lead to further gains. On the other hand, $0.25 is key support. If IOTA maintains its momentum, it may continue to attract investors.
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