Which are some of the top altcoins to avoid selling?

Highlights

Cardano, Tron, and Sui are some of the top altcoins to avoid selling.
Aureal One is also doing well as its token sale accelerates.
There are odds that most altcoins will continue rising.

After hitting the $100,000 mark, Bitcoin is consolidating, waiting for another spike in liquidity. While BTC ranges, altcoins are likely going to shoot up as capital rotates to more risky assets. As a result, December will provide investors with an opportunity to accumulate and profit form these exploding cryptocurrencies.Furthermore, the altcoin season index (ASI) has hit 82, signalling a similar outlok. This articles focuses on four altcoins that should not be sold in December, considering their huge upside potential.

Avoid Selling These Four Altcoins in December

The rising altcoin season index has led to fears that most cryptocurrencies will suffer a harsh reversal. Here are some of the top altcoins not to sell in December.

Sui (SUI)

Sui price has done well this year as it jumped to a record high of $4.038. It has risen by 415% from its January lows, helped by the strong performance of its ecosystem.

On the daily chart, the coin is attempting to move above the key resistance at $3.9356, its highest level in November. Flipping that level will invalidate a double-top pattern that has been forming. A double-top is formed when an asset forms two peaks and a neckline, which is, in this case at $2.9834.

The Murrey Math Lines show that the Sui price has more room to run to get to the extreme overshoot level at $7.8. Therefore, the coin has a near 100% upside from the current level. You should only sell the Sui altcoin if it drops below the double top’s neckline at $2.98.

Aureal One (DLUME)

Aureal One is another altcoin that has significant potential. It is currently in a presale that has attracted thousands of traders.

Aureal One aims to create the first metaverse blockchain for gaming, an industry that is expected to do well in the next decade. It will be a rival to Immutable X and have superior speeds and low transaction costs.

Interestingly, Aureal One’s price is increasing periodically, meaning that earlier buyers get a discount. The next price will jump by almost 30%. Therefore, there is a likelihood that the coin will do well ahead and after its mainnet launch.

Cardano (ADA)

Cardano is another top altcoin to avoid selling in this crypto bull run. ADA price has already jumped by 270% from its lowest level this year.

Cardano’s Average Directional Index (ADX) has risen to 60, a sign that it has a bullish momentum. The ADX is a popular indicator used to measure the strength of an asset’s rally.

Cardano price also remains above the 50-day and 200-day moving averages. Using the trend-following principles, there are odds that the ADA price will jump to $2 in this cycle.

The risk for Cardano is that it has formed a rising wedge chart pattern, which could lead to a reversal.

Tron (TRX)

Tron price has done well this year, and on Wednesday, it jumped to a record high of $0.4485. The coin’s rally is mostly because of its strong technicals and fundamentals. For example, data by TokenTerminal shows that Tron is the third-most profitable networks in the crypto industry.

Tron was trading at $0.3378 on December 5, down by 25% from its highest level this week. This pullback will likely be short-lived as the coin has multiple catalysts that will push it higher in the next few weeks.

Tron’s bull run will remain as long as it is above the 50 Weighted Moving Average (WMA) at $0.20.

Summary of the top crypto to hold

We have looked at some of the top crypto to hold selling as the altcoin season index rises. The other top coins to avoid selling are Hedera Hashgraph, Pepe, Shiba Inu, and Chainlink.

Frequently Asked Questions (FAQs)

1. Which are some of the top altcoins to avoid selling?

Coins like Tron, Cardano, and SUI have potential for more upside in the near term, which makes it risky to sell them now.

2. Which are the other altcoins to buy?

The other altcoins to consider are the likes of Dogecoin, Shiba Inu, Pepe, and Hedera Hashgraph.

3. What is the future of Aureal One?

Aureal One has a bright future because of its focus on the gaming and metaverse industries.

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crispus

Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.

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