Today, which falls on Christmas Day, the crypto market cap has increased by 1.5%. Following this development, the prices of the top trending altcoins today have risen.
This broad increase could be the result of renewed interest and liquidity entering the market. Although there are other reasons, the main altcoins trending today are Sun Token (SUN), Tema (TEMA), and ai16z (AI16Z).
Sun Token (SUN)
SUN is the regulatory token of the SUN platform, a decentralized (DeFi) platform developed on the Tron blockchain. In the last 24 hours, the price of SUN has increased by 4.40% and is currently trading at $0.023.
This increase, as well as the interest in the market that arises in it, is the reason why it is moving. Earlier on, the price of SUN fell by almost 50%. However, the daily chart shows that the histogram bars on the Awesome Oscillator (AO) have changed from red to green, indicating a bearish to bullish transition.
If this trend continues, the value of the token could rise to $0.034. However, the Altcoin exchange rate could go back to $0.026. Failure to overcome this objection may render this thesis invalid. In that case, the value will probably decrease to $0.019.
Theme (THEME)
TEMA, the Solana meme coin, is also part of the altcoin movement today as its price has risen. However, the performance of the token is much better than that of Sun Token, as it has increased by 24.40% in the last 24 hours.
The change came to 0.04 $. On the 4-hour chart, the price of TEMA increased so much due to increased buying pressure around the token. The picture below also shows a good degree of size around it.
If the volume continues to rise, TEMA's rise may strengthen. In this case, the price of the altcoin could rally above $0.050 and $0.060. However, a decrease in volume would indicate waning interest, which could move the value down to $0.034.
ai16z (AI16Z)
AI16Z is an altcoin developed as a result of the trending narrative around AI agents. The price of the cryptocurrency has continued to reach new highs due to this development. Today, it is part of the altcoin movement as its market cap is close to hitting $1 billion.
This move towards that area came as a result of the 32% increase in the last 24 hours, which has moved the price to $0.86. From a technical point of view, the Moving Average Convergence Divergence (MACD) is in the positive sector, indicating a bullish trend around the digital currency.
If the trend is still positive, the price of AI16Z could gather above $ 1. On the other hand, if the meme dog owners decide to sell in large numbers, this may not happen. Instead, the token could slide to $0.66.
Denial
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