Date: Thu, Dec 12, 2024, 05:54 PM GMT
In the cryptocurrency market today, we are witnessing a strong bullish bounce-back in altcoins as the market, which saw significant corrections earlier this week, begins to stabilize.
Amid these bullish reversals, Virtuals Protocol (VIRTUAL) and Aerodrome Finance (AERO) are capturing the spotlight with impressive rallies. Both tokens have surged by over 8% in the past 24 hours, showcasing strong momentum ahead of potential major breakouts.
Virtuals Protocol (VIRTUAL)
VIRTUAL has been one of the market’s standout performers, rallying a staggering 372% in the past 30 days. Currently trading at $1.94, the token has entered a key resistance zone between $1.90 and $1.99, a critical area that has previously served as a significant barrier.
A decisive breakout above $1.99, which is its current all-time high, could pave the way for a rapid price appreciation. Analysts suggest that such a move might propel VIRTUAL toward key targets at $2.20 and $2.50, representing potential gains of approximately 29% from current levels.
Aerodrome Finance (AERO)
Similarly, AERO has been on a remarkable uptrend, with a 64% surge in the past 30 days. The token has risen from a monthly low of $1.38 to its current level of $2.29, fueled by robust buyer demand.
AERO is now testing the waters within a key resistance range between $2.10 and $2.38. Breaking above $2.38, which also marks its all-time high, could unlock further gains. Technical projections point to targets at $2.65 and $3.00, offering an upside potential of up to 30% from its current price.
Are New ATHs on the Horizon?
The bullish momentum in VIRTUAL and AERO reflects a broader trend in the altcoin market. As Bitcoin dominance declines, traders are shifting their focus to high-potential altcoins, creating a favorable environment for breakouts.
For both tokens, breaking their respective resistance levels is essential to unlocking their next growth phase. If the current upward trend holds, VIRTUAL and AERO could not only deliver impressive returns but also establish new all-time highs in the near term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult a financial advisor and conduct your own research before investing in cryptocurrencies.