Today, which falls on Christmas Day, the cryptocurrency market capitalization has increased by 1.5%. Following this development, the prices of the major currently trending altcoins have increased.
This across-the-board increase could be attributed to renewed interest and increased liquidity entering the market. While there are other reasons, the top altcoins currently trending are Sun Token (SUN), Tema (TEMA), and ai16z (AI16Z).
Sol Token (SOL)
SUN is the governance token of the SUN platform, a decentralized (DeFi) platform developed on the Tron blockchain. In the last 24 hours, SUN price has increased by 4.40% and is currently trading at $0.023.
This rise, as well as the growing market interest in it, is the reason why it is trending. Previously, SUN price fell by almost 50%. However, the daily chart shows that the Awesome Oscillator (AO) histogram bars have changed from red to green, indicating a bearish to bullish transition.
If this trend continues, the token value could rise to $0.034. However, the altcoin is facing a possible pullback to $0.026. Failure to overcome this resistance could invalidate this thesis. In that scenario, the value could fall to $0.019.
Sun Token daily analysis. Source: TradingView
Theme (THEME)
TEMA, a Solana meme coin, is also part of the current altcoin trend because its price has increased. However, the token’s performance is much better than Sun Token as it is up 24.40% in the last 24 hours.
This price increase has raised its value to $0.04. On the 4-hour chart, TEMA price increased as much due to increased buying pressure around the token. The image below also shows a good level of volume around it.
Topic Analysis of 4 hours. Source: TradingView
If the volume continues to increase, then the TEMA uptrend could strengthen. In this case, the altcoin price could rise above $0.050 and towards $0.060. However, a drop in volume would indicate a decline in interest, which could drive the value down to $0.034.
ai16z (AI16Z)
AI16Z is an altcoin developed due to 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 trending altcoin because the market capitalization is close to reaching $1 billion.
This rise towards that region was due to the 32% increase in the last 24 hours, which took the price to $0.86. From a technical point of view, the moving average convergence divergence (MACD) is in the positive region, indicating bullish momentum around the cryptocurrency.
ai16z 4 hour analysis. Source: TradingView
If the momentum remains positive, then the AI16Z price could rise above $1. On the other hand, if meme coin holders decide to sell in large quantities, this may not happen. Instead, the token could fall to $0.66.
