The cryptocurrency market is currently showing mixed signals, with most coins stagnating or declining due to the uncertainty surrounding the upcoming new year 2025. However, other altcoins are taking advantage of this situation to assert their presence.
BeInCrypto has analyzed three altcoins that are currently attracting attention. They are becoming attractive options due to a few related developments.
Zerebro (ZEREBRO)
ZEREBRO has become a prominent cryptocurrency asset after being permanently listed on the OKX exchange. This listing has increased interest in AI-centric cryptocurrencies, and it is positioning itself as a key player in the AI-cryptocurrency sector.
The launch of the perpetual futures has had a significant impact, with the price of ZEREBRO surging by nearly 40% in the last 24 hours. Despite this sharp rise, the altcoin is still trading in the range of $0.434 to $0.291, undergoing a correction and awaiting a strong breakout signal.
If the broader market conditions remain favorable, ZEREBRO can break out of the correction range and reach its next target of $0.500. However, if it fails to maintain this upward momentum, it will continue to undergo corrections, and further price increases will be delayed.
Sola (SXP)
The SXP price has surged by nearly 23% in the last 24 hours due to the release of Solar's year-end report. The positive outlook has boosted investor confidence, positioning SXP as one of the altcoins to watch today.
If the upward momentum persists, SXP can rise above $0.40 and target $0.48. Achieving this target would signal a strong reversal in the cryptocurrency, as the altcoin would nearly recover its recent 38% loss.
However, if it fails to break through the resistance, SXP could drop to $0.31. Such a decline would invalidate the bullish outlook and weaken the enthusiasm for SXP's recent surge.
Peanut the Squirrel (PNUT)
The meme coin PNUT, which was once on an upward trend, has taken a breather and fallen to $0.69, despite a 8% increase in the last 24 hours. However, the altcoin still needs to recover from its recent losses and regain momentum to maintain investor interest.
If PNUT can recover to the $1.00 support level, it can set the stage for further rallies. Breaching this level would allow the meme coin to rise to $1.69, signaling new upward momentum and reversing the recent downtrend.
Conversely, if it fails to maintain the upward momentum, PNUT could remain below $1.00, with the price potentially dropping to $0.44. Such a decline would invalidate the bullish outlook and exacerbate investor concerns.
