These three altcoins are showing bullish formations against Bitcoin (BTC) and could significantly outpace the leading cryptocurrency in terms of growth.

Despite Bitcoin's impressive price growth, a number of altcoins are showing even more positive dynamics. Let's figure out whether they can surpass BTC in December.

Render (RNDR) Price Breaks Key Resistance

RNDR price has been rising since June 2022. In May of this year, it broke above the important resistance area of ​​9,000 satoshis, renewing its yearly high at 11,000 satoshis. However, shortly after, the altcoin price dropped below it again, confirming that the breakout was just an aberration.

In August, RNDR made a higher low, confirming the ascending support line. After a rebound in November (marked with a green icon on the chart), it accelerated its growth and broke out of the 9,000 satoshis area again.

If the upward movement continues, the price may rise by another 35% and reach the next resistance at 12,500 satoshi.

Despite this bullish outlook, a close below the 9,000 satoshis area could trigger a 35% decline to the ascending support line at 6,000 satoshis.

Synthetix (SNX) Breaks Above 1000-Day Resistance

SNX has been moving below a long-term descending resistance line since February 2021. The decline led to a low of 6,150 satoshi in June.

The price then bounced back and made a higher low in November. After three consecutive bullish weekly candles, the asset bounced off a line that had lasted for more than 1,000 days. Breakouts of such long-term structures often signal the start of a new trend.

The fact that SNX's rally was preceded by a bullish divergence on the RSI confirms the reversal is valid. If the price continues its upward movement, it could rally by 100% and reach the next resistance at 17,000 satoshis.

However, a close below the descending resistance line will invalidate the breakout. If this happens, the altcoin price could fall by 25% and return to the June lows at 6,150 satoshis.

Theta Token (THETA) Shows Signs of an Imminent Breakout

THETA price has been following a descending resistance line since June 2021. The asset is currently trying to break above it.

As with SNX, the rally was preceded by the emergence of a bullish divergence on the weekly RSI. If THETA closes above the trendline and the indicator rises above 50, the price could rally by 165% to the next resistance at 7,500 satoshis.