The crypto market is currently showing mixed signals with most coins reporting dormant or bearish movement due to uncertainty heading into the New Year 2025. However, other altcoins are making the most of the situation and letting their brand.
BeInCrypto analyzed three such altcoins that are trending today due to certain developments regarding them, making them a desirable option.
Zérébro (ZEREBRO)
ZEREBRO has become a trending crypto asset over the past few days following its perpetual futures listing on the OKX exchange. The listing brought attention to the AI-driven cryptocurrency, positioning it as a key player in the emerging crypto-AI sector.
The launch of perpetual futures has had a significant impact, with the price of ZEREBRO jumping almost 40% in the last 24 hours. Despite this spike, the altcoin remains in a consolidation phase, trading in a range of $0.434 to $0.291, awaiting stronger signals for a breakout.
If overall market conditions remain favorable, ZEREBRO could rebound and break through the consolidation range, targeting $0.500 as the next step. However, if this upward momentum does not continue, the consolidation would continue, thus delaying the continuation of the price increase.
Solar (SXP)
SXP price surged nearly 23% in the past 24 hours, led 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 the bullish momentum persists, SXP could rise to $0.40 and beyond, with a target of $0.48. Reaching this milestone would allow the altcoin to recover almost all of its recent losses of 38%, signaling a strong turnaround for the cryptocurrency.
However, failure to breach the resistance could result in a decline to $0.31. Such a decline would invalidate the bullish outlook and potentially dampen the enthusiasm generated by the SXP’s recent rise.
Peanut the Squirrel (PNUT)
The once-bullish PNUT coin took a breather, sliding to $0.69 despite rising 8% in the past 24 hours. However, the altcoin still needs to recover from recent losses and regain momentum to maintain investor interest.
Recovery is possible if PNUT reclaims $1.00 as a support floor, opening the way for further rallies. Crossing this level could push the meme token to $1.69, signaling renewed bullish momentum and reversing its recent slowdown.
Conversely, failure to maintain bullish momentum could keep PNUT below $1.00, which could cause the price to drop to $0.44. Such a decline would invalidate the bullish outlook and worsen investor concerns.
Disclaimer
In accordance with 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 providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decision. Please note that our Terms and Conditions, Privacy Policy and Disclaimer have been updated.
