As the final month of the year begins, the focus now shifts to profits. However, the beginning of December has been rather unpleasant, given that over $162 billion was wiped out of the crypto market today. However, some altcoins have managed to continue their rise.
BeInCrypto has analysed three such altcoins that could be looking at new all-time highs in the coming week.
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Rain (RAIN)
RAIN is trading at $0.0080, placing it just 7% below its all-time high of $0.0086. The altcoin remains one of the strongest performers, holding close to record levels despite broader market volatility.
For RAIN to reach a new ATH, it must secure $0.0079 as solid support. A successful bounce from this level could drive the price toward $0.0100, signaling renewed bullish momentum and heightened investor confidence.
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RAIN Price Analysis. Source: TradingViewIf investors take profits early, RAIN could lose momentum and fall toward the $0.0067 support level. A drop below this threshold would invalidate the bullish outlook and delay any attempt at setting new highs.
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Monero (XMR)
XMR is trading at $412, holding just below the $417 resistance level. The privacy-focused altcoin sits relatively close to its all-time high of $471, keeping bullish expectations alive despite broader market uncertainty.
Reaching the ATH would require only a 14% increase, supported by investor demand and a decisive flip of the $450 resistance into support. The Ichimoku Cloud currently signals intact bullish momentum, suggesting XMR may attempt another upward move if market conditions cooperate.
XMR Price Analysis. Source: TradingViewIf investors take profits or broader sentiment weakens, XMR could face renewed selling pressure. A breakdown from current levels may send the price toward $364, which would invalidate the bullish outlook and delay any attempt at retesting the all-time high.
Undead Games (UDS)
UDS is trading at $2.97, sitting just below the key $3.00 resistance level. This psychological barrier must be flipped into support for the altcoin to maintain its upward trajectory and strengthen its short-term recovery outlook.
The ATH sits 16% higher at $3.44, and current indicators support a move toward it. The Parabolic SAR remains below the candlesticks, signaling an active uptrend. If UDS secures $3.20 as support, the momentum could drive a breakout toward new highs.
UDS Price Analysis. Source: TradingViewIf selling pressure emerges, UDS could retrace to the $2.73 support level. A breakdown below this zone would weaken the bullish structure and potentially send the price toward $2.59 or lower, invalidating the bullish thesis entirely.
Source: https://beincrypto.com/altcoins-all-time-highs-first-week-december/
