It’s Boxing Day, and the full crypto market cap has dropped by 4.60%, impacting each Bitcoin (BTC) and altcoins. Regardless of this, two of the three trending altcoins, in line with CoinGecko, have seen double-digit worth jumps.
As of at present, December 26, the highest trending cryptos embrace Tema (TEMA), Pudgy Penguins (PENGU), and RabBitcoin (RBTC).
Tema (TEMA)
Yesterday, being Christmas, noticed TEMA develop into a trending altcoin as its worth elevated. As of this writing, it’s trending once more due to the rising quantity round it, having seen a 20% worth improve within the final 24 hours.
TEMA’s worth is $0.060, as BeInCrypto has predicted currently. From a technical perspective, the quantity across the cryptocurrency continues to rise. If this pattern continues, the token’s worth may transfer to $0.065 within the quick time period.
Ought to the quantity proceed to rise, then TEMA’s worth may climb a lot larger and bounce towards $0.10. Nonetheless, if promoting stress rises, this won’t be the identical. As a substitute, the meme coin’s worth may decline to $0.043.
Pudgy Penguins (PENGU)
Pudgy Penguins (PENGU), which launched this month, is trending for a noteworthy cause — it has develop into the Solana meme coin with the very best market capitalization. As of this writing, its market cap stands at $2.54 billion, surpassing that of Bonk (BONK) and Dogwifhat (WIF).
This flip occurred on account of their respective worth performances. Whereas WIF and BONK noticed a 6% drop, PENGU’s worth surged by 15.70% within the final 24 hours.
On the 4-hour chart, bulls are defending the help at $0.037. If sustained, then the altcoin’s worth may rise above $0.43 within the quick time period.
Nonetheless, if bears tug the value under this help, which may not occur. As a substitute, the cryptocurrency’s worth would possibly decline to $0.029.
RabBitcoin (RBTC)
In contrast to the opposite two trending altcoins, RabBitcoin is the one one with a worth decline within the final 24 hours. Throughout this era, RBTC’s worth decreased by 7.50% on account of sell-offs across the altcoin.
On the each day chart, the token trades inside a descending triangle. A descending triangle is a bearish chart sample in technical evaluation characterised by two trendlines. The primary descending higher trendline slopes downward as worth motion types decrease highs.
The second is a flat horizontal decrease trendline that represents a help degree that the value exams a number of instances. Since RBTC’s worth has did not rise above the higher trendline, it means that the altcoin’s worth would possibly decline to $0.0000029.
On the flip aspect, RabBitcoin’s worth would possibly bounce if bulls push the altcoin above the higher trendline. In that case, RBTC may rally towards $0.0000014.
Disclaimer
According to the Belief Venture pointers, this worth evaluation article is for informational functions solely and shouldn’t be thought of monetary or funding recommendation. BeInCrypto is dedicated to correct, unbiased reporting, however market situations are topic to alter with out discover. All the time conduct your personal analysis and seek the advice of with knowledgeable earlier than making any monetary selections. Please be aware that our Phrases and Circumstances, Privateness Coverage, and Disclaimers have been up to date.