These three altcoins exhibit bullish formations against Bitcoin (BTC) and could outperform it in December.

Despite Bitcoin’s substantial surge since September, these altcoins display even more positive price movements. Can they surpass BTC’s gains in December?

Render (RNDR) Price Breaks Key Resistance

The RNDR price has been moving upward since June 2022. While the upward movement was initially gradual, the increase accelerated at the start of 2023.

In May, RNDR reached a new yearly high of 11,000 satoshis. While this caused a breakout above the 9,000 satoshi resistance area, the price fell below it shortly afterward, indicating that the previous increase was only a deviation.

The RNDR price created a higher low in August, validating an ascending support trend line. After bouncing in November (green icon), RNDR further accelerated its rate of increase and broke out from the 9,000 satoshi area once more.

If the RNDR upward movement continues, the price can increase by another 35% and reach the next resistance at 12,500 satoshis.

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Author: Valdrin Tahiri

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