Altcoins Trending Today — December 24: RBTC, PENGU, USUAL
As expected, the cryptocurrency market continues to change at an extremely fast pace. Altcoins are trending higher today, in stark contrast to the declines seen over the past two days.
This price increase may be related to increased liquidity flowing into the market. According to CoinGecko, today’s trending altcoins are RabBitcoin (RBTC), Pudgy Penguins (PENGU), and Usual (USUAL).
Rab Bitcoin (RBTC)
RabBitcoin, also known as Rocky Rabbit, is an altcoin derived from the Telegram mini-app. Its price has increased by 17% in the past 24 hours, so it is currently trending.
On the daily chart, RBTC has been trading Within the descending triangle between November and December 22nd. A descending channel is a bearish pattern. But as of press time, altcoins have broken out of this pattern, suggesting that the cryptocurrency’s value may continue to move higher.
If that’s the case, The price of RBTC may rise In the short term it is $0.000013. However, this may not be the case if the price moves back into a descending triangle. In this case, the coin may drop to $0.0000029.
Chunky Penguin(PENGU)
Like RBTC, the price of PENGU has increased by 22.90% in the past 24 hours. Before that, Altcoin prices have been falling Since the Chunky Penguin airdrop. As a result, PENGU fell to $0.023.
However, as of this writing, its value has jumped to $0.034 due to growing demand for the token. According to the 4-hour chart, PENGU is seeing a surge in Money Flow Index (MFI) readings.
This significant increase indicates increased buying pressure. If this remains the case, the value of PENGU could jump to $0.044 in the short term.
However, this trend could change if profit-taking becomes more common. In this case, the coin’s value could drop to $0.022 and it might no longer be part of today’s altcoin trends.
usually (usually)
USUAL also airdropped the token to some early users and is one of the popular altcoins today due to the price increase. USUAL has increased in value by 25% in the past 24 hours. The significant increase may be related to the following reports: Many exchanges have invested in the project.
BeInCrypto’s evaluation of the 4-hour chart shows a similar structure to PENGU. If trends follow each other, Altcoin Value A climb to $1.65 is possible.
On the other hand, selling pressure could invalidate this prediction. If USUAL holders decide to book profits, the uptrend could see a retracement and the value could drop to $0.92.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
