RWA Altcoin Rally: Avalanche, Chainlink, and IOTA Shine in December

RWA Altcoin Rally: Avalanche, Chainlink, and IOTA Shine in December
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Avalanche (AVAX) Gains Momentum

Avalanche (AVAX) has displayed bullish momentum, rising 20% over the past week. As of now, AVAX is priced at $45.38, reflecting a 6.10% increase in the last 24 hours. This growth indicates a potential continuation of the upward trend.

  • Support Levels: $42.75 (current bounce point), $41.50 (next potential level if support breaks).
  • Resistance Levels: $46.00 (immediate), $48.50 (next key level).
  • Trading Volume: $790.71 million, up 27.14% in the last 24 hours.

With strong market interest, Avalanche could reach new highs if it breaks through key resistance levels.

Chainlink (LINK) Shows Bullish Sentiment

Chainlink (LINK) has demonstrated impressive growth, rising 24% over the past week. Currently trading at $18.63, LINK is near critical support at $18.00. A break above $18.75 could propel the price toward $19.50 or higher.

  • Support Levels: $18.00 (key level), $17.55 (next support).
  • Resistance Levels: $18.75 (immediate), $19.50 (potential target).
  • Trading Volume: $600.42 million, up 12.58% in 24 hours.

Strong market participation and bullish sentiment indicate a positive outlook for Chainlink in December.

IOTA Climbs with Increased Trading Activity

IOTA has seen a steady uptrend, with an 18.88% increase in the last 24 hours, bringing its price to $0.2685. The token’s market cap has risen by 19.03% to $949.3 million, supported by a surge in 24-hour trading volume of 137.66%.

  • Resistance Levels: $0.28 (recent test).
  • Support Levels: $0.25 (key level).
  • Trading Volume: Significant increase, reflecting heightened interest.

If IOTA maintains its momentum and breaks above $0.28, it could attract more investors and extend its upward trend.

Key Takeaways

With strong technical indicators and growing trading volumes, Avalanche, Chainlink, and IOTA are leading the charge among RWA-backed altcoins. Investors are closely monitoring these tokens as December approaches, anticipating continued growth driven by robust market activity.