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Bitcoin’s recent rally, marked by consistent new all-time highs, has paused, but its residual bullish momentum is fueling significant gains in the altcoin market. This surge suggests that several crypto tokens may continue their journey toward fresh ATHs.
BeInCrypto has analyzed three standout crypto tokens that are reaching all-time highs today, led by MANTRA (OM).
MANTRA (OM)
OM price reached an all-time high of $4.53 today, recording a 58% surge in the past 24 hours. Currently trading at $4.06, the altcoin is experiencing heightened investor interest as it looks to sustain its bullish momentum. The recent rally highlights OM’s strong demand in the market.
The altcoin is actively trying to establish a support floor, a critical factor for maintaining its uptrend and potentially achieving further all-time highs. Securing a reliable support level would solidify investor confidence, enabling OM to continue its upward trajectory amidst broader market optimism.
However, if OM holders decide to lock in profits after the substantial rally, the altcoin could face a correction. Such a move might push OM’s price down to $2.45, invalidating the bullish outlook and erasing a significant portion of the recent gains.
Non-Playable Coin (NPC)
NPC is currently trading at $0.062, marking a 30% intra-day increase and hitting an all-time high of $0.067. The significant surge reflects strong market demand, positioning the altcoin as a standout performer.
The altcoin’s ongoing rally began last week after NPC secured and rebounded from the support level of $0.038. This bounce served as a catalyst for its upward momentum, reinforcing confidence in the token’s ability to sustain its uptrend.
But, if the bullish momentum slows and NPC struggles to form new all-time highs, it risks a downward correction. A return to the $0.038 support level could invalidate the bullish outlook and trigger selling pressure, potentially erasing recent gains.
Ponke (PONKE)
PONKE is changing hands at $0.712 after the crypto token hit a new all-time high of $0.757 during Monday’s intra-day trading session. This surge reflects strong investor interest and strong market activity, positioning PONKE as one of the top-performing altcoins in recent trading.
Despite some profit-taking, PONKE has the potential to form another all-time high if it bounces off the critical support at $0.661. A successful rebound could reignite bullish momentum, driving the price higher and reinforcing the optimistic outlook for investors anticipating further gains.
However, losing the $0.661 support could result in a significant decline for PONKE. The altcoin may fall to $0.604 or even lower to $0.530, which would invalidate the bullish thesis and raise concerns about the sustainability of its recent uptrend.