Top 3 altcoins with prominent trends today - December 29
Over the past 24 hours, amidst the sluggish movement of the cryptocurrency market, Canton (CC), Toncoin (TON), and Lido DAO (LDO) stood out as the leading coins in terms of price gains. After a strong three-day surge, Canton experienced a slight decline on Monday, while Toncoin and Lido DAO continued their impressive upward momentum.
Canton pauses after a 23% increase on Sunday
As of Monday writing, Canton decreased by 4%, opening the week in the red after recording an impressive 23% increase on Sunday. This correction, following three consecutive days of gains, is putting pressure to retest the central Pivot Point at $0.1215 on the 4-hour chart before heading toward the important psychological level of $0.1000.
4-hour CC/USDT chart | Source: TradingView However, momentum indicators on the 4-hour timeframe still show buying pressure gradually increasing. The Relative Strength Index (RSI) at 73 indicates an overbought condition, while the MACD indicator lines are still trending upward along with green histogram bars, signaling a positive outlook for further gains.
If the recovery trend continues, Canton is likely to target the R1 Pivot Point at $0.1636, creating opportunities for short-term profit-seeking investors.
Toncoin continues upward trend aiming for 50-day EMA
Toncoin maintains an eight-day winning streak, approaching the 50-day exponential moving average (EMA) around $1.69. At the time of writing, TON increased by 1% on Monday, with buying pressure targeting a break above the 50 EMA and heading toward the R1 Pivot Point at $1.79 on the daily chart.
Daily TON/USDT chart | Source: TradingView The RSI (at 59) remains above the neutral line, reflecting strong buying pressure. Meanwhile, the MACD line and signal line are approaching zero, indicating a solid upward trend.
If TON faces correction pressure from the $1.69 level, this coin could test the support level at $1.444 — a level that has held since November 21.
Lido DAO breaks out of descending wedge pattern
As of Monday writing, Lido DAO (LDO) recorded an increase of over 1%, marking an impressive six-day winning streak. The coin successfully broke out of the descending wedge pattern on Sunday and is heading toward the 50-day EMA at $0.6431.
Daily LDO/USDT chart | Source: TradingView If LDO surpasses this level, the next target could be the R1 Pivot Point at $0.7194, opening opportunities for continued upward movement. The RSI is currently at 52, having moved above the neutral line, indicating renewed buying interest, while the MACD line and signal line remain upward trending at level 0.
Conversely, if LDO falls below Sunday’s low at $0.5743, the breakout from the wedge pattern could be invalidated, posing a risk of correction toward the S1 Pivot Point at $0.5118.
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