CandleFocus

3 Altcoins to Watch in the Second Week of December 2024

The article discusses three altcoins that investors should watch due to upcoming events that may impact their price movements.

1. Render Network (RNDR) is currently struggling to maintain its recent gains and close above the $9.88 support level. The upcoming final voting on key proposals this week could maintain bullish sentiment around RNDR and potentially boost its price. However, if market conditions turn bearish, RNDR may fall to $8.59, invalidating the bullish outlook.

2. EigenLayer's native token (EIGEN) recently reached a new all-time high and is showing strong upward momentum. The upcoming Rewards V2 upgrade is generating buzz and may bring significant improvements to the ecosystem. If EIGEN fails to surpass its ATH, it may consolidate within a range before a possible breakout or further retracement.

3. FLOKI is testing a support level and aims to maintain its recent gains. The upcoming Wise Monkey airdrop has generated interest, and investors are holding FLOKI in anticipation. If the support level fails, FLOKI's price could decline and erase recent gains.

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