The cryptocurrency market is currently giving mixed signals. Due to the uncertainty ahead of the 2025 New Year, most coins are inactive or bearish. However, other altcoins are making their mark by making the most of the situation. Crypto analyst Aaryamann Shrivastava discusses PNUT Coin and two altcoins that are trending today due to some developments related to them.
The first ranked altcoin: Zerebro (ZEREBRO)
ZEREBRO has become a trending token over the past few days following its listing for perpetual futures on the OKX exchange. The listing has increased interest in the AI-focused token. It has also positioned it as an important player in the emerging AI-crypto sector. The launch of perpetual futures had a significant impact. Thus, ZEREBRO’s price saw an increase of nearly 40% in the last day. Despite this increase, the altcoin remains in a consolidation phase. The token is trading in the range of $0.434 to $0.291, waiting for stronger clues for a breakout.
If broader market conditions remain favourable, ZEREBRO is likely to move higher. It is also likely to break through the consolidation range and target $0.500 as the next milestone. However, failure to sustain this upside momentum will result in continued consolidation, delaying further price gains.
Solar (SXP) comes in second place!
Solar released its year-end report, emphasising a strong 2024. Thus, the SXP price increased by about 23% during the day. The positive outlook boosted investor confidence. This positioned SXP as one of the trending altcoins of the day. If the upward momentum continues, SXP is likely to move beyond $0.40 and beyond, targeting $0.48. Reaching this milestone would allow the altcoin to recover almost all of its recent 38% losses. This will signal a strong return for the token.
However, its failure to overcome resistance would result in a drop to $0.31. Such a fall would invalidate the bullish outlook. It would also potentially dampen the euphoria surrounding SXP’s recent rise.
The last altcoin in last place: Peanut The Squirrel (PNUT Coin)
PNUT Coin, the once-rising meme coin, saw a strong increase during the day. However, it then took a breath, falling to $ 0.69 despite this increase. However, the altcoin needs to recover from recent losses and regain momentum to sustain investor interest. A recovery is possible if the PNUT Coin price reclaims $1.00 as a floor of support and sets the stage for further rallies. Breaching this level would likely push the meme coin to $1.69. This could signal renewed bullish momentum and reverse its recent decline.
Conversely, failure to sustain the bullish momentum keeps the PNUT Coin price below $1.00. In this case, it could potentially drop the price to $0.44. Such a drop would invalidate the bullish outlook. It would also deepen investor concerns.
The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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