CandleFocus

Why These Altcoins Are Trending Today — December 26

Author: Content Editor
On Boxing Day, the total crypto market cap decreased by 4.60%, affecting Bitcoin and altcoins. However, two of the trending altcoins, Tema and Pudgy Penguins, experienced double-digit price increases. Tema saw a 20% price increase in the last 24 hours and its volume continues to rise. If this trend continues, the token's value could reach $0.065 in the short term or potentially even $0.10. In contrast, if selling pressure rises, the value could decline to $0.043. Pudgy Penguins became the Solana meme coin with the highest market capitalization, surpassing Bonk and Dogwifhat. While Bonk and Dogwifhat saw a 6% drop, Pudgy Penguins' price surged by 15.70% in the last 24 hours. If sustained, the altcoin's value could rise above $0.43 in the short term, but it could decline to $0.029 if the support at $0.037 is broken. On the other hand, RabBitcoin's price decreased by 7.50% due to sell-offs. It trades within a descending triangle pattern, suggesting a potential decline to $0.0000029 if the price fails to rise above the upper trendline. However, if bulls push the price above the trendline, RabBitcoin could rally to $0.0000014.

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