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Reading: Coinidol.com Weekly Cryptocurrency Market Analysis: Altcoins Surge to Continue Their Bullish Ascent
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Altcoins

Coinidol.com Weekly Cryptocurrency Market Analysis: Altcoins Surge to Continue Their Bullish Ascent

Last updated: January 2, 2026 8:50 pm
Published: 4 months ago
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The best-performing altcoins have surged above their respective moving average lines, resuming their upward momentum.

MemeCore is recovering but remains between the moving average lines.

The Canton (CC) price has continued its upward trend, reaching a high of $0.153. The bullish momentum has stalled at the $0.15 level. Buyers are working together to push the price above the $0.15 mark.

On the upside, if buyers break through the $0.15 resistance, Canton will rally to its previous high of $0.19. If buyers surpass the recent high, the altcoin will be forced to trade in a lower range. Canton is currently the best-performing cryptocurrency.

The price of Chiliz (CHZ) broke above the moving average lines, reversing its downward trend. The cryptocurrency asset fell after rising from its lowest price of $0.026 to a high of $0.045. The $0.045 barrier has not been broken since July 2025. The long candlestick wicks indicate strong selling pressure at the $0.046 high. Positive momentum will persist if the price remains above the moving average lines. The second-best-performing cryptocurrency is CHZ.

The Midnight (NIGHT) price trades above the moving average lines after being rejected at the $0.10 barrier. NIGHT rallied to a high of $0.10 in previous price action before being stopped. The altcoin was then forced into a range-bound move above the current support after falling to a low of $0.08. On the upside, if the price breaks through the current barrier, the altcoin will return to its previous high of $0.12. However, if NIGHT loses the $0.08 support, it will decline. NIGHT is the third most popular altcoin.

The price of MemeCore (M) is stuck between the moving average lines in a sideways trend. The cryptocurrency is currently trading below the 50-day SMA barrier but above the 21-day SMA support. If the price breaks above the 50-day SMA barrier, the altcoin will resume its upward movement and reach its previous peak of $2.60. M is the fourth-best-performing cryptocurrency.

Tezos (KTZ) prices have rebounded and broken above the moving average lines. The upward movement has been halted at the $0.55 level. The cryptocurrency has retraced above the moving average lines following its rejection.

The altcoin will begin its bullish ascent once it retraces and holds above the moving average lines. The downtrend will begin if the price falls below the 50-day SMA support. In the meantime, the cryptocurrency price remains above the 50-day SMA support. KTZ is the fifth-best-performing cryptocurrency.

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