The cryptocurrency market continues to showcase its dynamic nature, with shifting trends and emerging opportunities capturing the attention of traders and investors.
As the global market cap sees a slight dip of 0.3% to $3.61 trillion, the focus shifts to altcoins that demonstrate robust momentum despite the broader market’s consolidation.
The average weekly Relative Strength Index (RSI) currently stands at 60.03, reflecting steady but controlled bullish sentiment over a longer timeframe.
Picks for you
Meanwhile, the 12-hour RSI has climbed to 68.09, signaling intensified short-term momentum. Against this backdrop, certain altcoins are standing out, supported by strong technical indicators and presenting promising buy opportunities.
Finbold turned to the RSI heatmap from CoinGlass on December 1, to identify altcoins poised for growth, presenting attractive opportunities for traders and investors in the current market climate.
Stellar (XLM)
Stellar (XLM) is currently flashing strong buy signals across key technical indicators, presenting a compelling opportunity for traders and investors.
While the average 12-hour RSI for the market stands at 68.09, approaching overbought conditions, XLM’s 12-hour RSI is slightly lower at 64.97.
This indicates bullish momentum without entering the overbought territory, leaving room for further upside. Additionally, the recent 6.06% price correction provides an attractive entry point, as XLM shows potential for recovery.
The technical indicators strongly support a bullish outlook for XLM. The Moving Averages dashboard is overwhelmingly positive, with 13 out of 15 key metrics, including EMAs and SMAs across all major time frames, signaling a buy.
These indicators highlight sustained upward momentum and strong support levels, suggesting the recent pullback is temporary. Moreover, the MACD level confirms a buy signal, reflecting increasing bullish momentum, while other oscillators remain neutral, signaling stability in the broader trend.
For traders and investors, XLM offers an attractive risk-reward ratio. The temporary price pullback, combined with strong support from moving averages and RSI levels that suggest further upside potential, indicates that Stellar is poised for a rebound.
Tron (TRX)
Tron (TRX) is currently offering a compelling buy opportunity, backed by a combination of bullish technical indicators and stable price action, making it a solid pick for traders and investors.
The 12-hour RSI stands at 60.23, below the market average RSI of 68.09, signaling that TRX is still in a position of strength with room for further growth before reaching overbought levels.
Despite a minimal 12-hour price change of 0.07%, this stability reflects resilience, providing an attractive entry point for buyers anticipating a breakout.
The moving averages provide a particularly strong bullish signal, with all key EMAs and SMAs across short- and long-term timeframes showing a buy recommendation.
This highlights sustained upward momentum and robust price support across multiple trading horizons. Additionally, momentum oscillators like the Awesome Oscillator and Momentum confirm growing bullish sentiment, suggesting that the current price action is building toward a potential upward rally.
For traders and investors, TRX’s combination of stable RSI levels, strong moving average signals, and supportive momentum indicators position it as a good buy. The technical setup suggests that TRX is well-poised to capitalize on market momentum, offering both short-term gains and medium-term growth potential.
While these cryptocurrencies demonstrate strong momentum and robust technical support, it’s important to acknowledge that short-term market fluctuations could influence their trajectories.
Investors are encouraged to approach these opportunities with caution, perform comprehensive research, and ensure their investment strategies align with their risk tolerance and long-term financial objectives.
Featured image via Shutterstock
