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Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December

Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December

CoinEditionCoinEdition2024/11/29 16:00
By:Izabela Anna

Avalanche (AVAX) shows bullish momentum with a 20% rise in the past week. Chainlink (LINK) nears key resistance levels, signaling potential for higher gains. IOTA sees a surge in trading volume, supporting its upward trend toward $0.28.

  • Avalanche (AVAX) shows bullish momentum with a 20% rise in the past week.
  • Chainlink (LINK) nears key resistance levels, signaling potential for higher gains.
  • IOTA sees a surge in trading volume, supporting its upward trend toward $0.28.

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. 

Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December image 0 Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December image 1 Source: Coinmarketcap

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.

Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December image 2 Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December image 3 Source: Coinmarketcap

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.

Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December image 4 Avalanche, Chainlink, and IOTA Lead RWA Altcoin Rally Into December image 5 Source: Coinmarketcap

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.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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