With Bitcoin crossing $100,000, the crypto market is gradually recovering from recent losses. Thus, it is showing steady, incremental growth. However, several altcoins have outpaced this slow rise, reaching ATH levels. Analyst Aaryamann Shrivastava discusses SPX Coin and these two tokens, which managed to reach ATH by maintaining strong bullish momentum and attracting investors’ attention.
The first ranked altcoin: WhiteBIT Coin (WBT)
WBT price increased by 4.6% in the last 24 hours, reaching $26.0 in intraday trading today. Thus, it recorded an all-time high. This growth highlights renewed investor interest and a strong bullish trend for the altcoin. The token successfully broke out of a one-month consolidation range between $24.2 and $25.1. Holding above $25.1 is crucial to maintain momentum as it boosts investor confidence and keeps the uptrend intact. However, WBT is likely to fall as low as $24.1 if it loses the $25.1 support level. It is also likely to consolidate again. This will weaken the bullish outlook and delay the possibility of further growth.
Gate (GT) comes in second place
GT reached an all-time high of $18.47 today. In the process, it recorded a 13% growth over the past week. This rise demonstrated strong investor confidence and bullish momentum by bouncing off the critical support of $16.00. It will be crucial for GT to maintain its position above $16.00 to continue its uptrend. Even if investor selling triggers a minor price correction, holding this support level will keep the altcoin on the path of recovery and potential further gains. However, a break below the $16.00 support would lead to a significant decline. Such a move could take GT as low as $13.45. Thus, it would erase the recent gains and completely invalidate the bullish outlook.
The last altcoin in last place: SPX6900 (SPX Coin)
SPX Coin reached an all-time high of $1.56 today. Thus, marking an important milestone. However, after an impressive 16% rise in the last 24 hours, it started trading slightly lower at $1.50. The altcoin has exhibited strong momentum in its price action. SPX Coin was supported by a critical level of $1.23, which is likely to provide a buffer against potential profit-taking. The durability of this level is important for SPX Coin. Because it is likely to open the door for further upside. However, a break below the $1.23 support could cause investors to suffer significant losses. Such a drop would push SPX to test the $0.91 level.
The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
Follow us on Twitter, Facebook and Instagram, and join our Telegram and YouTube channel to stay up to date with breaking news !
