Avoid Selling These 4 Altcoins in December

The altcoin season index (ASI) has jumped to 82, pointing to a more favorable outlook for cryptocurrencies, aka altcoins in the next few weeks. Crypto markets often do well when the ASI and the crypto fear and greed are rising. With this optimistic outlook here are top 4 altcoins to avoid selling in December with huge upside potential.

Don’t Sell These Four Altcoins 

The rising altcoin season index has led to fears that most cryptocurrencies will suffer a harsh reversal. Here are some of the top altcoins not to sell in December.

Sui (SUI)

Sui price has done well this year as it jumped to a record high of $4.038. It has risen by 415% from its January lows, helped by the strong performance of its ecosystem. 

On the daily chart, the coin is attempting to move above the key resistance at $3.9356, its highest level in November. Flipping that level will invalidate a double-top pattern that has been forming. A double-top is formed when an asset forms two peaks and a neckline, which is, in this case at $2.9834. 

The Murrey Math Lines show that the Sui price has more room to run to get to the extreme overshoot level at $7.8. Therefore, the coin has a near 100% upside from the current level. You should only sell the Sui altcoin if it drops below the double top’s neckline at $2.98.

Sui Price

Aureal One (DLUME)

Aureal One is another altcoin that has significant potential. It is currently in a presale that has attracted thousands of traders. 

Aureal One aims to create the first metaverse blockchain for gaming, an industry that is expected to do well in the next decade. It will be a rival to Immutable X and have superior speeds and low transaction costs. 

Interestingly, Aureal One’s price is increasing periodically, meaning that earlier buyers get a discount. The next price will jump by almost 30%. Therefore, there is a likelihood that the coin will do well ahead and after its mainnet launch.

Cardano (ADA)

Cardano is another top altcoin to avoid selling in this crypto bull run. ADA price has already jumped by 270% from its lowest level this year. 

Cardano’s Average Directional Index (ADX) has risen to 60, a sign that it has a bullish momentum. The ADX is a popular indicator used to measure the strength of an asset’s rally. 

Cardano price also remains above the 50-day and 200-day moving averages. Using the trend-following principles, there are odds that the ADA price will jump to $2 in this cycle. 

The risk for Cardano is that it has formed a rising wedge chart pattern, which could lead to a reversal. 

Cardano Price

Tron (TRX)

Tron price has done well this year, and on Wednesday, it jumped to a record high of $0.4485. The coin’s rally is mostly because of its strong technicals and fundamentals. For example, data by TokenTerminal shows that Tron is the third-most profitable networks in the crypto industry.

Tron was trading at $0.3378 on December 5, down by 25% from its highest level this week. This pullback will likely be short-lived as the coin has multiple catalysts that will push it higher in the next few weeks. 

Tron’s bull run will remain as long as it is above the 50 Weighted Moving Average (WMA) at $0.20.

Tron price chart

Summary of the top crypto to hold

We have looked at some of the top crypto to hold selling as the altcoin season index rises. The other top coins to avoid selling are Hedera Hashgraph, Pepe, Shiba Inu, and Chainlink.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.