Cryptocurrency markets, like traditional financial markets, often turn bullish during the festival season as liquidity improves, sentiment becomes optimistic, and traders gear up for a year-end boost. Christmas-themed tokens may surge during this period, but the focus is on altcoins with momentum.
BeInCrypto analyzed three altcoins that are likely to see a “Santa” rally within the next week.
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MYX Finance (MYX)
MYX Finance has hinted that MYX V2 could be a catalyst after confirming it has been in development for several months. It seems likely that it will be released near Christmas or the New Year. Historically bullish seasonal conditions may increase market interest and increase MYX volatility.
The MYX token has maintained an upward trend for over six weeks, reflecting improved momentum. It is trading around $3.55, but if optimism increases, the price could rise above $3.71. If the breakout is successful, MYX could rise toward $4.00, hitting a nearly two-month high.
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Technical indicators support upside risk. The relative strength index remains in bullish territory, indicating sustained demand. However, if the stock becomes overbought, profit-taking may occur.
If selling pressure accelerates, MYX could retreat below $3.00, invalidating the bullish outlook.
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Memecore (M)
Memecore has risen 25% over the past week, trying to recoup losses from late November. This rebound reflects improved short-term momentum. If the buying pressure continues, the altcoin could challenge the $2.00 level, suggesting a broader recovery supported by renewed investor interest.
Technical indicators support the upside scenario. Parabolic SAR confirms an aggressive uptrend and the ongoing Christmas event could boost demand. For Memecore to advance above $2.00, it will need to clear resistance at $1.88. A breakout could pave the way to $2.12 and strengthen the bullish momentum.
Downside risk remains if sentiment changes. Selling pressure could push M below recent levels and expose support at $1.42. A decline in this zone would invalidate the bullish outlook and weaken market confidence.
Mantle (MNT)
Mantle has outperformed several major altcoins despite broader market volatility. MNT is up 15% over the past week and is trading around $1.28. The move signals short-term strength as investors turn to assets that have shown relative resilience amid uncertainty in the crypto market.
On-balance sheet volume has increased in recent trading, indicating increased buying interest. This change could support a bullish reversal or a near-term recovery. If this momentum continues, MNT could break above $1.34. If this move is successful, it could pave the way for $1.50 in the short term.
Risk remains if buying pressure eases. Failure to clear the $1.34 resistance could stall the rally. MNT could consolidate or fall toward $1.30. A break below this level would invalidate the bullish outlook and strengthen sideways or bearish price action.
