Analysts name cheap tokens that will grow in December

Editor’s note: not financial advice!

Bitcoin and most major altcoins grew significantly in October and November, setting local records. Cryptocurrency analysts have identified little-known and cheap tokens that show bullish patterns. According to experts, these formations could lead to significant growth next month.

PENDLE
PENDLE has been growing rapidly since August, reaching a new high of $ 1.23. In addition, the token managed to break through the horizontal resistance area of $ 1, which has been present on the chart since September 2021.

Although PENDLE has risen above this level before, it has never closed the week above it. Therefore, if the asset holds at current levels for the rest of the week, it will be the highest weekly close for the token. If PENDLE’s growth continues, the next resistance will be at $ 2.07, 80% higher than the current price, analysts believe.

Bancor
Bancor (BNT) has been trading below the $ 0.65 horizontal resistance area since May 2022. During this time, the token made several unsuccessful attempts to break through it. However, this week, altcoin finally broke above this zone, reaching a new yearly high of $ 0.84.

The weekly RSI supports the current growth. The indicator is above the 50 mark and is moving upward, which is considered a sign of a bullish trend. Cryptocurrency trader HBJ trades believes that the price of Bancor will rise as the token has already broken out of its range. If the bullish breakout continues, the altcoin could increase in value by 250% and reach the next resistance at $ 2.70.

Radiant Capital
Since April 15, the price of Radiant Capital (RDNT) has been moving along a descending resistance line. This decline led to a low of $ 0.19 on September 11.

On October 19, the token accelerated its growth rate, and on October 25, it broke through the trend line. On Friday, the RDNT price hit a high of $ 0.30. Cryptocurrency trader SherlockWhale believes that Radiant Capital will reach at least $ 0.36.

As a reminder, a few days ago, experts identified digital assets that could continue to fall and update their lows in November. The list includes: Maker (MKR), TomoChain (TOMO), and Apecoin (APE).