Why These Altcoins Are Trending Today — December 27

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BeInCrypto
2 days ago

In the past 24 hours, three altcoins—CLANKER, PARSIQ (PRQ), and STEPN (GMT)—have shown significant market activity. CLANKER has surged by 60%, reaching a $60 million market cap and attracting attention within the Base ecosystem.

PARSIQ has gained nearly 40%, with the potential to break through key resistance levels. Meanwhile, STEPN, a lifestyle app that rewards physical activity with crypto rewards, has risen 25%. Its market cap is now at $442 million, and critical price levels are in sight.

tokenbot (CLANKER)

CLANKER has risen approximately 60% in the past 24 hours, reaching a market cap of $60 million, one of the biggest among altcoins in the last day.

The platform is designed to launch coins on Base blockchain with an AI-centered narrative. It attracts between 5,000 and 10,000 traders daily. On November 27, CLANKER reached a peak daily trading volume of $60 million, but this has since declined, with current volumes ranging from $3 million to $7 million, way below its Solana counterpart, Pumpfun.

If the current uptrend continues and CLANKER surpasses the $73.7 resistance level, the price could test $75 and $80. If momentum slows, the price may instead test the support level at $66, marking a potential shift in short-term price direction.

CLANKER Price Analysis.CLANKER Price Analysis. Source: TradingView

Parsiq (PRQ)

PARSIQ is a platform offering real-time blockchain monitoring, automation, and workflow integration. It enables users to track and analyze blockchain transactions, events, and smart contract executions across multiple blockchains. In the last 24 hours, the coin is up nearly 40%, being one of the best-performing altcoins of the day.

If the current uptrend continues, PARSIQ could test the resistance at $0.32. A breakout above this level may lead to further price increases, potentially reaching $0.40 or even $0.45. If the momentum persists in the short term, these levels could act as key milestones.

On the downside, if the uptrend loses strength, the price may pull back to test support at $0.22. This level would be critical in determining whether the token stabilizes or experiences further declines.

PRQ Price Analysis.PRQ Price Analysis. Source: TradingView

STEPN (GMT)

STEPN is a Solana-based lifestyle app that blends elements of Social-Fi and Game-Fi. It promotes physical activity like walking and running by offering crypto rewards to its users. The token has seen a 25% increase in value over the last 24 hours.

GMT now holds a market cap of $442 million. If it surpasses the resistance level at $0.173, the price could climb further to test $0.21. This breakout would signal continued upward momentum for the token.

If the resistance at $0.173 holds and the trend reverses, GMT could retest support at $0.14. A failure to maintain this level might lead to a further decline, with $0.128 as the next potential support point.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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