Altcoin Gainers of November 2024 First Week

The month of November started on a positive note with Bitcoin forming a new all–time high multiple times in the last few days. Capitalizing on this bullish momentum, certain altcoins also ended up registering massive rallies.

BeInCrypto has analyzed this week’s top altcoin gainers, which were mostly dominated by altcoins led by First Neiro on Ethereum (NEIRO).

First Neiro on Ethereum (NEIRO)

NEIRO has dominated the altcoin market this week, boasting a remarkable 94% surge and setting new all-time highs daily for the last four days. This continuous upward trajectory highlights NEIRO’s strength and growing appeal among investors, making it a standout performer in the current crypto market.

Currently, NEIRO is trading at $0.0027, having hit a new peak of $0.0028 during the intra-day high. This latest milestone reflects NEIRO’s consistent bullish momentum as the meme coin solidifies its position and aims for further gains.

However, while NEIRO’s uptrend appears strong, a shift in market momentum or profit-taking by investors could trigger a decline to $0.0022. Falling below this support level would negate the current bullish outlook, prompting caution and potentially leading to a broader correction.

Goatseus Maximus (GOAT)

GOAT emerged as one of the biggest altcoin gainers with a 77% surge over the past week, solidifying its position as a top-performing meme coin since October. This impressive growth showcases GOAT’s strength in the current crypto environment, as it continues to attract significant interest and momentum among traders.

Following in NEIRO’s footsteps, GOAT reached a new all-time high of $0.902 this week and is now trading at $0.789. The meme coin aims to stabilize above the $0.640 support level to preserve its recent gains. Holding this level would provide a solid base for continued growth.

But, if GOAT falls below the $0.640 support, the bullish outlook would be compromised. A breach could lead to a corrective phase, potentially sending the altcoin down to $0.466. This drop would mark a reversal.

Cronos (CRO)

Cronos surprised investors with a 70% rally this week, recouping losses from the past five months. Now trading at $0.123, the altcoin aims to establish $0.121 as a new support floor, reinforcing its recovery trajectory. This level is essential for maintaining the recent bullish sentiment around CRO.

Securing the $0.121 support would pave the way for further gains, potentially pushing Cronos to $0.133. Such progress would continue recovering previous losses and also strengthen investor confidence. Achieving this target could signal a sustained uptrend for the altcoin as it reclaims lost value.

However, failure to hold the $0.121 support level might prompt a drop to $0.108. This decline would invalidate the current bullish outlook, erasing a significant portion of recent gains. Such a pullback could shift investor sentiment, leading to increased caution among CRO traders.