
BeInCrypto has analyzed three altcoins that are trending today owing to some key developments concerning them, making them a desirable option amidst the broader market exhibiting mixed signals.
Zerebro (ZEREBRO) has become a trending crypto asset over the past few days following its listing for perpetual futures on the OKX exchange. The listing has boosted attention towards the AI-focused cryptocurrency, positioning it as a key player in the emerging AI-crypto sector.
The launch of perpetual futures had a significant impact, with ZEREBRO’s price surging nearly 40% in the last 24 hours. Despite this spike, the altcoin remains in a consolidation phase, trading within the range of $0.434 to $0.291, awaiting stronger cues for a breakout.
If broader market conditions stay favorable, ZEREBRO could rally and breach the consolidation range, targeting $0.500 as the next milestone. However, failure to sustain this upward momentum would result in continued consolidation, delaying further price gains.
SXP price surged nearly 23% in the last 24 hours, driven 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 bullish momentum persists, SXP could climb to $0.40 and beyond, targeting $0.48. Achieving this milestone would enable the altcoin to recover almost all of its recent 38% losses, signaling a strong turnaround for the cryptocurrency.
However, failing to breach the resistance could result in a decline to $0.31. Such a drop would invalidate the bullish outlook and potentially dampen the enthusiasm surrounding SXP’s recent rise.
The once bullish meme coin PNUT has taken a breather, slipping to $0.69 despite an 8% rise in the last 24 hours. However, the altcoin still needs to recover from the recent losses and regain momentum to sustain investor interest.
Recovery is possible if PNUT reclaims $1.00 as a support floor, setting the stage for further rallies. Breaching this level could push the meme coin to $1.69, signaling renewed bullish momentum and reversing its recent downturn.
Conversely, a failure to maintain bullish momentum may keep PNUT under $1.00, potentially dropping the price to $0.44. Such a decline would invalidate the bullish outlook and deepen investor concerns.
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