On Boxing Day, the crypto market experienced a 4.60% drop in total market cap, impacting both Bitcoin and altcoins. Despite this, two of the top trending altcoins are seeing significant price increases. As of December 26, the trending cryptocurrencies include Tema (TEMA), Pudgy Penguins (PENGU), and RabBitcoin (RBTC).
Tema (TEMA) gained attention on Christmas Day as its price surged. Currently, it is trending again due to increased volume, resulting in a 20% price increase in the last 24 hours. At the time of writing, TEMA’s price is $0.060, with expectations of reaching $0.065 in the short term if the rising volume trend continues. However, if selling pressure increases, the value could decline to $0.043.
Pudgy Penguins (PENGU) stands out as the Solana meme coin with the highest market capitalization, surpassing Bonk (BONK) and Dogwifhat (WIF). PENGU’s market cap is currently at $2.54 billion, with a price surge of 15.70% in the last 24 hours, while WIF and BONK saw a 6% drop. Bulls are actively defending the support at $0.037 on the 4-hour chart, indicating a potential rise in value above $0.43 if the support continues to hold.
In contrast, RabBitcoin (RBTC) experienced a price decline of 7.50% in the last 24 hours, attributed to sell-offs in the altcoin. Trading within a descending triangle on the daily chart, RBTC’s price could potentially drop to $0.0000029 if it fails to break above the upper trendline. However, a bounce in price could occur if bulls push the altcoin above the trendline, leading to a rally towards $0.0000014.
This analysis serves as informational content and should not be considered financial advice. Market conditions are subject to change, and individuals are advised to conduct their own research and consult with professionals before making any financial decisions. BeInCrypto is committed to providing accurate and unbiased reporting in line with the Trust Project guidelines. Always refer to the platform’s Terms and Conditions, Privacy Policy, and Disclaimers for updated information.
