After taking a breather during the Christmas festivities, top altcoins like Binance Coin (BNB), Polygon (MATIC) and Uniswap (UNI) are starting to gear up for a much anticipated New Year rally.

Cryptocurrency majors Bitcoin (BTC), Ethereum (ETH), and XRP are also on the move, rising 2%, 6.8%, and 2% to trade at $43,181, $313, and $0.64, respectively.

Meanwhile, Solana price exploded to $125 for the first time since April 2022, triggering fears of an incoming “rug pull.”

However, that rug pull might not materialize if investors positively react to the approval of spot Bitcoin exchange-traded funds (ETFs) expected in January.

The Securities and Exchange Commission (SEC) confirmed that the approval window is around the corner by issuing a deadline for the submission of spot ETF applications.

At least 12 companies have applied to operate spot ETFs in the US. The SEC is expected to greenlight multiple ETFs, increasing exposure to investors.

The impact of a spot ETF cannot be overemphasized, as it is expected to increase demand for BTC significantly, especially by operators.

Although the ETF directly impacts Bitcoin, the entire crypto market is expected to blossom, particularly for the top altcoins investors should consider buying in December — the likes of BNB, MATIC, and UNI.

Binance Coin Tops The List of Top Altcoins To Buy

Binance Coin, the token native to Binance, the largest exchange by traded volume, has been on a consistent bullish move since mid-October aside from the resistance encountered at $260 which resulted in BNB trimming gains to test support at $225.

However, the uptrend resumed soon after accentuated by two moving averages crossovers. A successful retest of the lower descending trend line bolstered the uptrend.

Recently, BNB rose above the upper descending trend line, cementing the bullish outlook further. With BNB trading above higher support at $300, there is hope for a breakout to $340, $380, and $400, respectively.

Investors considering buying BNB may carry on considering the Moving Average Convergence Divergence (MACD) indicator has secured a buy signal while rising above the neutral zone. A suitable entry would be after a successful retest of support at $300.

Polygon Price Prediction As MATIC Blasts Above $1

Polygon, the leading Ethereum layer-2 protocol has impressed holders this week by sustaining the uptrend started in October. Up at least 20% on the day, MATIC price is trading slightly above $1.

A buy signal from the MACD indicator adds credence to the bullish outlook, with investors likely to keep seeking exposure amid the fear of missing out.

An overbought RSI reveals that buyers have the upper hand for now but this may change if investors decide to take profits, thus introducing the element of increasing selling pressure.

In that case, it may be prudent to wait until MATIC breaks above the resistance at $1.1 before entering long positions. If Polygon drops below the immediate $1 support, traders might want to lock in the gains and target to buy the token again at a lower price point.

Uniswap Price Prediction As Bulls Push Towards $10

The token powering one of the largest decentralized exchanges (DEXs) is in the process of closing the distance to $10 while rallying within the confines of an ascending channel.

Trading at $7.3 at the time of writing, UNI holds above a major support solidified by a confluence support formed by the channel’s middle boundary and the the lower horizontal ray.

If traders keep buying Uniswap due to the buy signal from the MACD and several bullish crossovers based on moving averages, the next breakout above the upper horizontal ray could blast Uniswap above $10 and out of the ascending channel.

On the downside, support at $7 must hold to keep the uptrend intact, otherwise, Uniswap could sweep through lower support areas at $6 and $5, respectively.

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