The third week of December 2024 initially seemed grim for cryptocurrencies, with a bearish market mood. However, a market rally turned fortunes around, resulting in double-digit gains for the top three altcoin gainers: Hyperliquid (HYPE), Movement (MOVE), and Bitget Token (BGB).
Hyperliquid surged by 55%, potentially due to low selling pressure and recent exchange listings on KuCoin and Gate.io. Indicators of bullish momentum, such as the Bull Bear Power and RSI, suggest potential for further price increases.
Movement gained 51.60%, benefiting from bullish sentiments and rising buying pressure. For further growth, MOVE must overcome resistance levels, though the Awesome Oscillator indicates continued bullish momentum.
Bitget Token rose 42.60%, breaking a $4 psychological barrier, with its ascending channel suggesting higher lows and highs. Future rallies depend on maintaining buying pressure, as selling pressure could lead to a drop.
Source: beincrypto.com ↗