It’s Boxing Day, and the total crypto market cap has dropped by 4.60%, impacting both Bitcoin (BTC) and altcoins. No matter this, two of the three trending altcoins, in response to CoinGecko, have seen double-digit designate jumps.
As of this day, December 26, the head trending cryptos encompass Tema (TEMA), Stout Penguins (PENGU), and RabBitcoin (RBTC).
Tema (TEMA)
The day prior to this, being Christmas, seen TEMA change into a trending altcoin as its designate increased. As of this writing, it is miles trending again thanks to the rising volume around it, having seen a 20% designate amplify within the leisure 24 hours.
TEMA’s designate is $0.060, as BeInCrypto has predicted lately. From a technical level of view, the volume all the blueprint thru the cryptocurrency continues to upward push. If this pattern continues, the token’s price could well switch to $0.065 within the short time duration.
Need to the volume continue to upward push, then TEMA’s designate could well climb worthy increased and bounce toward $0.10. On the opposite hand, if promoting rigidity rises, this couldn’t be the same. As an alternate, the meme coin’s price could well decline to $0.043.
Stout Penguins (PENGU)
Stout Penguins (PENGU), which launched this month, is trending for a worthy motive — it has change into the Solana meme coin with one of the 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 befell attributable to their respective designate performances. Whereas WIF and BONK seen a 6% plunge, PENGU’s designate surged by 15.70% within the leisure 24 hours.
On the 4-hour chart, bulls are defending the toughen at $0.037. If sustained, then the altcoin’s price could well upward push above $0.43 within the short time duration.
On the opposite hand, if bears tug the price below this toughen, that would now no longer occur. As an alternate, the cryptocurrency’s price could well decline to $0.029.
RabBitcoin (RBTC)
No longer like the opposite two trending altcoins, RabBitcoin is the most practical doubtless one with a designate decline within the leisure 24 hours. At some level of this duration, RBTC’s designate decreased by 7.50% attributable to promote-offs all the blueprint thru the altcoin.
On the day-to-day chart, the token trades internal a descending triangle. A descending triangle is a bearish chart sample in technical prognosis characterised by two trendlines. The first descending better trendline slopes downward as designate action kinds decrease highs.
The 2d one is a flat horizontal decrease trendline that represents a toughen level that the price assessments more than one instances. Since RBTC’s designate has failed to upward push above the upper trendline, it means that the altcoin’s designate could well decline to $0.0000029.
On the flip aspect, RabBitcoin’s designate could well bounce if bulls push the altcoin above the upper trendline. If that is so, RBTC could well rally toward $0.0000014.
