The crypto market is exhibiting mixed signals at the moment, with most of the coins noting dormant or bearish movement owing to the uncertainty ahead of New Year 2025. However, other altcoins are making the most of the situation, leaving their mark.
BeInCrypto has analyzed three such altcoins that are trending today owing to some developments concerning them, making them a desirable option.
Zerebro (ZEREBRO)
ZEREBRO has become a trending crypto asset over the past few days following its listing for perpetual futures on the OKX exchange. The listing has boosted attention toward the AI-focused cryptocurrency, positioning it as a key player in the emerging AI-crypto sector.
The launch of perpetual futures had a significant impact, with ZEREBRO’s price surging nearly 40% in the last 24 hours. Despite this spike, the altcoin remains in a consolidation phase, trading within the range of $0.434 to $0.291, awaiting stronger cues for a breakout.
If broader market conditions stay favorable, ZEREBRO could rally and breach the consolidation range, targeting $0.500 as the next milestone. However, failure to sustain this upward momentum would result in continued consolidation, delaying further price gains.
Solar (SXP)
SXP price surged nearly 23% in the last 24 hours, driven by the release of Solar’s year-end report highlighting a strong 2024. The positive outlook has boosted investor confidence, positioning SXP as one of the trending altcoins of the day.
If bullish momentum persists, SXP could climb to $0.40 and beyond, targeting $0.48. Achieving this milestone would enable the altcoin to recover almost all of its recent 38% losses, signaling a strong turnaround for the cryptocurrency.
However, failing to breach the resistance could result in a decline to $0.31. Such a drop would invalidate the bullish outlook and potentially dampen the enthusiasm surrounding SXP’s recent rise.
Peanut The Squirrel (PNUT)
The once bullish meme coin PNUT has taken a breather, slipping to $0.69 despite an 8% rise in the last 24 hours. However, the altcoin still needs to recover from the recent losses and regain momentum to sustain investor interest.
Recovery is possible if PNUT reclaims $1.00 as a support floor, setting the stage for further rallies. Breaching this level could push the meme coin to $1.69, signaling renewed bullish momentum and reversing its recent downturn.
Conversely, a failure to maintain bullish momentum may keep PNUT under $1.00, potentially dropping the price to $0.44. Such a decline would invalidate the bullish outlook and deepen investor concerns.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
