I'm not much of a technical analyst - I always think these things should be taken with a grain of salt.
But what I do look out for are very obvious trends and patterns. Taking a quick look at the 3 month price chart, you can see an upward trend of the support.
Also, whenever the price gets too close to this support, it tends to bounce up and away from it, before eventually coming back to it.. I think it will spend most of January pushing towards the $20 mark and perhaps pulling back to $14-15, if the current trend continues that is.
Having said that, I'm hoping it pushes on even stronger than that. with Lightening around the corner, I do think this coin is grossly underpriced, and I have made this feeling known here before.