The Crypto Market Analysis

The crypto market is currently showing mixed signals, with most coins experiencing dormant or bearish trends due to uncertainties ahead of New Year 2025. However, several altcoins are making strides.

Zerebro (ZEREBRO)

ZEREBRO has recently become a trending crypto asset, boosted by its listing for perpetual futures on the OKX exchange. This has increased attention toward the AI-focused cryptocurrency, establishing it as a key player in the AI-crypto sector.

The perpetual futures launch led to a price surge of nearly 40% within 24 hours. Despite this increase, ZEREBRO is consolidating, trading between $0.434 and $0.291, awaiting stronger signals for a breakout.

If broader market conditions stay favorable, ZEREBRO might break this consolidation range, aiming for $0.500. However, failure to maintain momentum could result in continued consolidation and delayed gains.

Solar (SXP)

SXP has seen a price rise of nearly 23% in 24 hours, fueled by Solar’s favorable year-end report that has bolstered investor confidence. This positions SXP as a trending altcoin.

If the bullish momentum continues, SXP could reach $0.40 and potentially rise to $0.48, recovering most of its recent 38% losses and signaling a strong turnaround.

However, failure to breach key resistance might see SXP drop to $0.31, quashing the bullish outlook and dampening enthusiasm.

Peanut The Squirrel (PNUT)

The previously bullish meme coin PNUT has seen a price slip to $0.69, despite an 8% rise recently. PNUT will need to recover from its recent losses to maintain investor interest.

Recovery is plausible if PNUT can reclaim the $1.00 support level, paving the way for further rallies. Surpassing this could drive prices to $1.69, indicating a rejuvenated bullish momentum.

Conversely, failing to maintain a bullish stance may keep PNUT below $1.00, potentially leading to a decline to $0.44, which would concern investors further.