Today, which falls on Christmas Day, has seen the crypto market cap climb by 1.5%. Following this development, the prices of the top altcoins trending today have increased.
This widespread increase could be attributed to renewed interest and surging liquidity entering the market. While there are other reasons, the top altcoins trending today are Sun Token (SUN), Tema (TEMA), and ai16z (AI16Z).
Sun Token (SUN)
SUN is the governance token of the SUN platform, a decentralized platform (DeFi) developed on the Tron blockchain. In the last 24 hours, SUN’s price has increased by 4.40% and currently trades at $0.023.
This increase, as well as the rising market interest in it, is the reason it is trending. Earlier on, SUN’s price dropped by nearly 50%. However, the daily chart shows the histogram bars on the Awesome Oscillator (AO) have changed from red to green, indicating a bearish to bullish transition.
Should this trend continue, the token’s value might rise to $0.034. However, the altcoin faces a potential pullback at $0.026. Failure to surpass this resistance could invalidate this thesis. In that scenario, the value might sink to $0.019.
Tema (TEMA)
TEMA, a Solana meme coin, is also part of the altcoin trend today because its price has increased. However, the token’s performance is much better than that of Sun Token, as it has climbed by 24.40% in the last 24 hours.
This price increase has brought its value to $0.04. On the 4-hour chart, TEMA’s price increased this much due to increased buying pressure around the token. The image below also shows a good level of volume around it.
If the volume continues to rise, then TEMA’s uptrend might strengthen. In this case, the price of the altcoin might rally above $0.050 and toward $0.060. However, a drop in volume would indicate waning interest, which could drive the value down to $0.034.
ai16z (AI16Z)
AI16Z is an altcoin developed due to the trending narrative around AI agents. The cryptocurrency’s price has continued to hit new highs due to this development. Today, it is part of the trending altcoin because the market cap is close to hitting $1 billion.
This hike toward that region resulted from the 32% increase in the last 24 hours, which has driven the price to $0.86. From a technical standpoint, the Moving Average Convergence Divergence (MACD) is in the positive region, indicating bullish momentum around the cryptocurrency.
If momentum remains positive, then AI16Z’s price could rally above $1. On the other hand, if the meme coin holders decide to sell in large numbers, this might not happen. Instead, the token could slide to $0.66.
Disclaimer
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