Trending Altcoins Today: SHRUB, KEKIUS, AI16Z
Today, January 3, prices continue to rise in the cryptocurrency market, but significant trading volumes have put some altcoins in the spotlight. As a result, most of the popular altcoins are increasing in price today.
According to data from CoinGecko, the top three cryptocurrencies are Shrub (SHRUB), Kekius Maximus (KEKIUS), and ai16z (AI16Z). Here’s why they’re suddenly popular and what they mean for the market.
shrub (shrub)
Shrub is a token built around Elon Musk’s pet story, Bush hedgehog attracting market attention A few weeks ago. Today, it has become part of the trending altcoins as the market seems to be reviving its interest in it.
As a result, the price of SHRUB increased by 13.87% in the last 24 hours. On the daily chart, the altcoin achieved this milestone after breaking out of a descending triangle that lasted from December 8 to 31.
A descending triangle is a bearish chart pattern with a descending upper trendline (indicating lower highs) and a horizontal lower trendline (indicating continued support). If the price breaks below horizontal support, this pattern usually indicates that the price may fall.
However, SHRUB did not break below the support line. Instead, it rose above the overhead trendline, invalidating the bearish argument.
As far as the current situation is concerned, Altcoins There may be resistance to a pullback towards the triangle pattern, which could lead to its price at $0.077. On the other hand, if SHRUB faces rejection around $0.060, the price may drop back to $0.030.
KEKIUS
Popular because of KEKIUS Elon Musk changes his nameis one of the trending altcoins today for another reason, contrary to yesterday. On January 2, the price of KEKIUS plummeted as Musk changed back to his original name.
Interestingly, this correction has subsided as the coin’s value recovered to $0.17. According to the 4-hour chart, KEKIUS looks ready to bounce back higher. If it continues, the altcoin’s value could jump to $0.40.
However, this may not happen if the coin faces selling pressure again. On the contrary, KEKIUS price may drop to $0.094.
AI16Z（AI16Z）
AI16Z is a trending altcoin whose price fell by 15% earlier. This decline may be attributed to heavy selling by whales. However, analysis of the 4-hour chart shows that AI agent token Now on the road to recovery.
If buying volumes continue to be strong, the price could rise back to $2.51. In a highly bullish scenario, the price of AI16Z could approach $2.
However, if Altcoins face another round In the case of whale selling, this may not happen. In this case, the price may drop to $1.55
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.
