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The last month of the year is approaching, but before December begins, some altcoins are preparing for a final farewell party at the end of November. This also includes a similar Bitcoin token, which is likely to benefit from the increase in BTC value.
BeInCrypto analyzed two altcoins that investors should keep an eye on in the last week of November.
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Celestia (TIA)
TIA has been one of the worst performing currencies This monthIt’s down 40% in less than two weeks. Celestia, however, may reverse its downward trend with the upcoming Matcha update, which has drawn increasing attention as traders look for potential catalysts.
The Matcha update offers size expansion to 128MB and reduces inflation by 50%. These improvements may help TIA bounce back from the $0.607 support level and head towards $0.784. An increase in this size will be decisive in… Recover currency depreciation Acute menstruation.
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If the update fails to materialize or does not generate enough momentum, the TIA may fall to $0.531. A break below this support level will invalidate the bullish thesis and increase the possibility of further declines as investor confidence weakens.
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Helium (HNT)
HNT has fallen by 24% in the past week and is now trading at $1.91, positioned below the major resistance level after rebounding from the $1.79 support level. Helium’s recent rebound provides a narrow window for stability as traders assess future catalysts.
The upcoming update to Helium’s HIP-148 protocol brings important changes to the network that could support a price recovery. At the same time, HNT’s strong correlation of 0.89 with Bitcoin means that BTC’s recovery could help… Currency payment Towards $2.10 resistance and maybe $2.28 if the momentum increases.
If HNT fails to capitalize on Bitcoin’s move or upgrade its own network, the downward pressure could return. A drop below the $1.79 support could push the price towards $1.66, invalidating the bullish thesis and indicating a renewed weakness in the Helium ecosystem.
Bitcoin Cash (BCH)
Bitcoin’s recent recovery creates opportunities for BTC-themed assets, and Bitcoin Cash seems well-positioned to take advantage. As one of the most recognized Bitcoin forex, BCH It reacts to improved morale.
BCH has rallied 13% in the last few days and is now trading at $544, which is just below the major resistance level of $555. This barrier has historically limited the upward movement, making a breakout necessary for continued momentum. A successful break could open the way to $593, the final resistance before BCH tries to recover the area of ​​$600. The increase in flows, as reflected by the improved CMF, can contribute to strengthening this progress.
If BCH fails again to cross the ceiling of $555, history may repeat itself with a rejection of the downside. Such a move could bring the price back towards $503 or even $479. A decline of this magnitude will invalidate the bullish hypothesis and indicate a renewed weakness in the trend.
