The cryptocurrency market is showing mixed signals at the moment, with most coins seeing sluggish or bearish movement due to uncertainty ahead of New Year’s 2025. However, some altcoins are taking advantage of the situation, leaving their mark.
BeInCrypto has analyzed three of these altcoins that are trending today due to some developments related to them, making them a desirable option.
ZEREBRO
ZEREBRO has become a hot digital asset in the past few days after being listed on the OKX perpetual futures exchange. The listing has boosted attention towards the AI-focused cryptocurrency, making it a major player in the emerging AI and crypto sector.
The launch of perpetual futures has had a significant impact, with ZEREBRO’s price surging by nearly 40% in the past 24 hours. Despite this surge, the altcoin remains in a consolidation phase, trading in a range of $0.434 to $0.291, awaiting stronger signals to take off.
If the overall market conditions remain favorable, ZEREBRO could rally and break out of the consolidation range, targeting $0.500 as the next milestone. However, failure to maintain this upward momentum will lead to continued consolidation, delaying further price gains.
Solar (SXP)
SXP price surged nearly 23% in the past 24 hours, driven by the release of Solar’s year-end report highlighting a strong 2024. The positive outlook boosted investor confidence, making SXP one of the trending altcoins of the day.
If the bullish momentum continues, SXP could surge to $0.40 and beyond, targeting $0.48. Achieving this milestone would enable the altcoin to recover almost all of its recent losses of 38%, indicating a strong turnaround for the cryptocurrency.
However, failure to break the resistance could lead to a drop to $0.31. Such a drop would invalidate the bullish outlook and could dampen the enthusiasm surrounding SXP’s recent rally.
Squirrel Pinata (PNUT)
The formerly bullish meme coin PNUT has taken a breather, with the price of PNUT dropping 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.
A recovery could be possible if PNUT reclaims the $1.00 level as a support floor, paving the way for further upside. A break above this level could push the meme coin to $1.69, indicating renewed bullish momentum and a reversal of the recent decline.
Conversely, failure to maintain the upward momentum could keep PNUT below $1.00, which could lead to a drop to $0.44. Such a drop would invalidate the bullish outlook and increase investor concerns.