The cryptocurrency market is entering a historically bullish period known as the "Santa Rally," where seasonal optimism and improved liquidity often drive year-end price surges. Analysts from BeInCrypto and other market observers have highlighted six altcoins demonstrating strong momentum and technical setups that could benefit from this festive trend.
MYX Finance (MYX) is positioned for a potential catalyst with the confirmation that MYX V2 has been in development for several months, with a launch near Christmas or New Year considered plausible. The token has maintained an uptrend for over six weeks and is trading near $3.55. A breakout above $3.71 could propel it toward $4.00, its highest level in roughly two months. Technical indicators like the Relative Strength Index (RSI) remain in bullish territory, though overbought conditions could trigger profit-taking.
Memecore (M) has gained 25% over the past week, attempting to recover from late-November losses. The rebound reflects improving short-term momentum, and if buying pressure persists, the altcoin may challenge the $2.00 level. The Parabolic SAR indicator confirms an active uptrend. To advance, it must clear the $1.88 resistance, which could open a path toward $2.12.
Mantle (MNT) has outperformed several major altcoins, rising 15% over the past week to trade near $1.28. Its relative resilience amid broader market volatility has attracted investor rotation. A rising On-Balance Volume (OBV) indicates growing buying interest. A break above the $1.34 resistance could open a near-term path toward $1.50.
Separate analysis points to three other cryptocurrencies with a history of December strength. Litecoin (LTC) often acts as a high-beta asset reflecting year-end market sentiment, with modest gains of around 5-7% in recent Decembers. Its peak performance was a 42% surge in 2020.
Monero (XMR) has emerged as a reliable December performer, known for its defensive stability during market uncertainty. It delivered a 9% gain in 2022 when most other cryptocurrencies declined, with losses in other years being relatively minor.
Binance Coin (BNB) offers explosive upside potential but carries higher risk. It has historically delivered dramatic December rallies, including a 37% surge in 2023 after legal uncertainties eased, but has also experienced significant declines in other years, reflecting exchange-related developments.
