Analyst: These are the 3 altcoins that will surprise investors in January!

Some altcoins experienced significant growth in December. Many altcoins have reached new yearly or all-time highs. Crypto analyst Valdrin Tahiri focuses on lesser-known tokens that are exhibiting bullish trends, pointing to the potential for significant gains in the coming month.

RSR price prediction: Altcoin out of long-term resistance

The price of Reserve Rights (RSR) had fallen below a descending resistance trendline since April 2021. The decline led to a low of $0.0016 in August. The price then started an upward movement. Thus, it broke out of the trend line in October. At the time of the breakout, the trend line had been in place for 924 days.

Traders use the Relative Strength Index (RSI) as a momentum indicator to assess whether a market is overbought and whether a market will be hoarded or sold. If the RSI value is above 50 and the trend is upward, the bulls still have the advantage. However, if the value is below 50, the opposite is true. The weekly RSI has risen above the indicator 50 (green icon) as the price breaks out, thus legitimizing the breakout for the altcoin. If RSR continues to rise, it is possible that it could rise to the next resistance at $0.0100. That's a 200% increase from the current price.

RSR-Week Chart. Source: TradingViewDespite this bullish RSR price prediction, a close below the minor support of $0.0025 will invalidate the breakout. If that happens, it's possible that the altcoin's price could drop 50% to the nearest support at $0.002.

SNT price prediction: Has the rally started?

The price of Status (SNT) had broken below a descending resistance trendline since the beginning of 2021. This decline fell to as low as $0.018 in December. Later, the altcoin began a slow upward movement. Thus, it broke out of the trendline in October 2023. At the time of the breakout, the trendline had been in place for 900 days. Similar to RSR, the RSI has risen above 50 (green icon). This, in turn, legitimizes the upward movement.

Following the breakout, the altcoin reclaimed the horizontal area of $0.041, confirming it as support last week. If the upside movement continues, it is possible for the price to reach the next resistance at $0.115. This represents a 150% increase from the current SNT price.

SNT Weekly Chart. Source: TradingViewDespite this bullish SNT price prediction, a close below the $0.041 level would invalidate the increase. After that, SNT is likely to drop 50% to the nearest support at $0.022.

COM price prediction: A 60% increase in cards for altcoin !

BRC20.com (COM) is a BRC20 token that debuted this year with Ordinals (ORDI) and SATS increases. In December, COM made six unsuccessful attempts to break out of a descending resistance trendline (red icon). The trend lines weakened every time they were touched. Therefore, an eventual breakout from the trendline is possible.

Meanwhile, the price of COM has risen above the $3.60 sideways area. Also, it is important to note that the RSI is above 50 (green icon). These, in turn, support the rise more. If a breakout occurs, it is possible for the COM price to rise to the next resistance level at $6.10. This represents a 60% increase in the altcoin's price. Thus, COM is likely to approach its all-time high of $7.20.

COM Two-Hour Chart. Source: TradingViewDespite this bullish COM price prediction, a close below $3.60 would invalidate the possibility of a breakout. COM will then drop by 20%, possibly to the nearest support at $3.

The opinions and estimates in the article are those of the analyst and are definitely not investment advice. We strongly recommend that you do your own research before investing in Kriptokoin.com.

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