Top 3 altcoins with prominent trends today - January 1

Canton (CC), MYX Finance (MYX), and Chiliz (CHZ) have risen to lead the group of coins with the most impressive gains in the past 24 hours, marking a positive and hopeful start to the New Year. The strong recovery of CC, MYX, and CHZ is showing clear signs of acceleration, thereby reinforcing the belief that the bullish trend may continue in the upcoming period.

Canton extends rally beyond the $0.16 mark

As of the time this article was written on Thursday, Canton (CC) recorded an almost 8% increase, following a 3% rise in the previous session. The daily recovery momentum continues to be firmly maintained above the Pivot Point R1 at $0.1636 on the 4-hour timeframe, as the bulls await a confirming closing session.

If CC successfully conquers this resistance level, the bullish momentum could be triggered more strongly, paving the way for the price to target the Pivot Point R2 at $0.1868.

4-hour CC/USDT chart | Source: TradingViewTechnical indicators on the 4-hour chart continue to support the bullish scenario. The Relative Strength Index (RSI) remains at 79, deep into the overbought zone as buying pressure increases. Meanwhile, the MACD line is crossing above the signal line, reflecting a strengthening upward momentum.

Conversely, if the price reverses and falls below the $0.1636 level, CC risks a correction to test the psychological support at $0.1500, and further down, the central Pivot Point at $0.1215.

MYX Finance attracts buying interest, bulls aim for a breakout $4

MYX Finance is trading around the $3.90 level, as bulls continue to push toward the psychological milestone $4 after a 6.56% breakout on Wednesday. On Thursday, MYX maintained its positive momentum with nearly a 2% increase, marking the ninth consecutive bullish session and reinforcing a short-term upward trend.

From a technical perspective, if MYX closes above the Pivot Point R2 at $4.01 on the 4-hour chart, the upward trend is likely to extend, with the next target at the Pivot Point R3 at $4.37.

4-hour MYX/USDT chart | Source: TradingView The 4-hour RSI indicator is currently at 67, still below the overbought zone, indicating room for further buying momentum. Additionally, the MACD line and signal line continue to trend upward after forming a bullish crossover on Wednesday, confirming that the buy signal remains dominant.

In a correction scenario, if profit-taking pressure emerges, MYX could retreat to test the nearest support zone at the Pivot Point R1 around $3.75.

Rapid recovery of Chiliz aims to surpass the $0.050 mark

As of the time this article was written on Thursday, Chiliz (CHZ) is trading around $0.04200, extending the 6.50% increase recorded in the previous session. This recovery marks the fourth consecutive bullish session, bringing the total weekly gain of CHZ to over 17%, indicating increasing demand.

In a positive scenario, if CHZ successfully breaks above the intraday high of July 21 at $0.04630, this could serve as a confirmation signal for a trend reversal to the upside. However, to establish a sustainable bullish trend, the price needs to break through the key psychological resistance at $0.05000 — just above the Pivot Point R1 at $0.04948.

Daily CHZ/USDT chart | Source: TradingView From a technical standpoint, the daily RSI is at 73, reflecting an overbought condition and indicating significant buying pressure. Meanwhile, the MACD line and signal line continue upward, with the green histogram bars expanding, further supporting the short-term bullish outlook.

Conversely, if CHZ fails to hold firmly above the support level at $0.04000, the price could reverse and retest the central Pivot Point around $0.03872.