On Boxing Day, the total Cryptocurrency market capitalization fell by 4.60%, affecting both Bitcoin (BTC) and Altcoins. Still, two of the three most prominent altcoins, according to CoinGecko, saw double-digit price increases.
As of today, December 26, prominent Cryptocurrencies include Tema (TEMA), Pudgy Penguins (PENGU) and RabBitcoin (RBTC).
Tema (TEMA)
Yesterday, around Christmas, TEMA became a prominent Altcoin as its price soared. At the moment, it continues to stand out thanks to the increased trading volume around it, having seen a 20% price increase in the past 24 hours.
The price of TEMA is currently 0.060 USD, according to recent predictions from TinTucBitcoin. From a technical perspective, trading volume around this Cryptocurrency continues to increase. If this trend continues, the Token’s price could move up to $0.065 in the short term.
If volume continues to increase, TEMA’s price could climb higher and aim for the $0.10 mark. However, if selling pressure increases, the situation may not be the same. Instead, the value of Meme Coin could drop as low as $0.043.
Pudgy Penguins (PENGU)
Pudgy Penguins (PENGU), launched this month, made headlines for a significant reason — it became the Meme Coin on Solana with the highest market cap. At this time, its capitalization reached 2.54 billion USD, surpassing Bonk (BONK) and Dogwifhat (WIF).
This contrast occurs due to the price performance of those coins. While WIF and BONK are down 6%, PENGU’s price has increased 15.70% in the last 24 hours.
On the 4-hour chart, the bulls are defending the support at $0.037. If continued, the value of this altcoin could surpass the $0.43 mark in the short term.
However, if the bears drag the price below this support, that may not happen. Instead, the value of this Cryptocurrency could drop to as low as 0.029 USD.
RabBitcoin (RBTC)
Unlike the other two prominent altcoins, RabBitcoin is the only one to decrease in price in the past 24 hours. During this period, RBTC price dropped 7.50% due to selling around the altcoin.
On the daily chart, the Token trades in a descending triangle pattern. This pattern is a bearish technical chart pattern, characterized by two resistance levels. The upper resistance level gradually decreases, forming lower peaks.
The lower resistance level is a horizontal line that represents a support level that the price has tested many times. Since RBTC price has not broken above the above resistance, this suggests that the price of this altcoin could drop to the $0.0000029 level.
Conversely, RabBitcoin price could rebound if bulls push the altcoin above the above resistance. In that case, RBTC could rise to $0.0000014.
