Trending Altcoins on December 26: PENGU, TEMA, RBTC
Today is Boxing Day and the total cryptocurrency market capitalization fell by 4.60%, affecting both Bitcoin (BTC) and altcoins. Nonetheless, two of the three trending altcoins saw double-digit price increases, according to CoinGecko data.
As of today, December 26, the most popular cryptocurrencies include Tema (TEMA), Pudgy Penguins (PENGU), and RabBitcoin (RBTC).
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Yesterday was Christmas and I saw TEMA becomes a popular altcoin As its price increases. At the time of writing, the price is trending again with a 20% increase in the past 24 hours on increasing volume.
As BeInCrypto recently predicted, the price of TEMA is $0.060. From a technical perspective, cryptocurrency trading volumes continue to rise. If this trend continues, the coin’s value may rise to $0.065 in the short term.
If the volume continues to rise, the price of TEMA could surge and jump to $0.10. However, the situation may be different if selling pressure increases. on the contrary, meme coin value A drop to $0.043 is possible.
Chunky Penguin (PENGU)
Pumpy Penguin (PENGU), launched this month, is popular for a noteworthy reason – it has become Solana The meme coin with the highest market capitalization. As of this writing, its market cap is $2.54 billion, surpassing Bonk (BONK) and Dogwifhat (WIF).
This shift occurs due to their respective price performance. Although WIF and BONK fell by 6%, PENGU prices soar Up 15.70% in the past 24 hours.
On the 4-hour chart, bulls are defending the support at $0.037. If it continues, the altcoin’s value could rise above $0.43 in the short term.
However, if Bears pulled the price below this support levelthis may not happen. Instead, the cryptocurrency’s value could fall to $0.029.
Rab Bitcoin (RBTC)
Unlike the other two popular altcoins, RabBitcoin is the only Prices have fallen over the past 24 hours. During this period, the price of RBTC fell by 7.50% due to the sell-off around the altcoin.
On the daily chart, the coin is trading within a descending triangle. A descending triangle is a bearish chart pattern in technical analysis that is characterized by two trend lines. The first descending upper trend line slopes downward as price action forms lower highs.
The second is a flat horizontal lower trendline that represents a support level that price has tested multiple times. As the price of RBTC failed to break above the upper trendline, this suggests Altcoin Prices It may drop to $0.0000029.
On the other hand, RabBitcoin’s price may rebound if the bulls push the altcoin above the upper trendline. In this case, RBTC may rise to $0.0000014.
Disclaimer
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