Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Why These Altcoins Are Trending Today — December 27

Why These Altcoins Are Trending Today — December 27

CointimeCointime2024/12/27 16:11
By:Cointime

From beincrypto by Tiago Amaral

Why These Altcoins Are Trending Today — December 27 image 0

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.

Why These Altcoins Are Trending Today — December 27 image 1   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.

Why These Altcoins Are Trending Today — December 27 image 2   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.

Why These Altcoins Are Trending Today — December 27 image 3   GMT Price Analysis. Source: TradingView
2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!