Tema (TEMA), Pudgy Penguins (PENGU), and RabBitcoin (RBTC) Are the Top Trending Altcoins on Boxing Day

Despite the total crypto market cap dropping by 4.60%, two of the three trending altcoins, according to CoinGecko, have seen double-digit price jumps.

As Boxing Day arrives, the total crypto market cap has seen a decrease of 4.60%, impacting both Bitcoin (BTC) and altcoins. However, two of the three trending altcoins, as identified by CoinGecko, have managed to secure double-digit price jumps.

According to the latest data on December 26, the top trending cryptos include Tema (TEMA), Pudgy Penguins (PENGU), and RabBitcoin (RBTC).

Tema (TEMA)After becoming a trending altcoin yesterday, Christmas Day, due to a price increase, TEMA is once again trending because of the rising volume around it. In the last 24 hours, the crypto has seen a 20% price increase.

As BeInCrypto has noted recently, TEMA's price is $0.060. From a technical perspective, the volume around the cryptocurrency continues to rise. If this trend continues, the token's value could move to $0.065 in the short term.

Should the volume continue to rise, then TEMA's price could climb much higher and jump toward $0.10. However, if selling pressure rises, this might not be the same. Instead, the meme coin’s value could decline to $0.043.

Pudgy Penguins (PENGU)Having launched earlier this month, Pudgy Penguins (PENGU) is trending for a good reason — it has become the Solana meme coin with the highest market capitalization. At the time of writing, PENGU's market cap is at $2.54 billion, which is more than that of Bonk (BONK) and Dogwifhat (WIF).

This flip occurred due to their respective price performances. While WIF and BONK saw a 6% drop, PENGU's price surged by 15.70% in the last 24 hours.

On the 4-hour chart, bulls are defending the support at $0.037. If sustained, then the altcoin's value could rise above $0.43 in the short term.

However, if bears tug the price below this support, that might not happen. Instead, the cryptocurrency's value might decline to $0.029.

RabBitcoin (RBTC)Unlike the other two trending altcoins, RabBitcoin is the only one that saw a price decrease in the last 24 hours. During this period, RBTC's price decreased by 7.50% due to sell-offs around the altcoin.

On the daily chart, the token trades within a descending triangle. A descending triangle is a bearish chart pattern in technical analysis characterized by two trendlines. The first descending upper trendline slopes downward as price action forms lower highs.

The second one is a flat horizontal lower trendline that represents a support level that the price tests multiple times. Since RBTC’s price failed to rise above the upper trendline, it suggests that the altcoin's price might decline to $0.0000029.

On the flip side, RabBitcoin's price might bounce if bulls push the altcoin above the upper trendline. In that case, RBTC could rally toward $0.0000014.