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The crypto market is sustaining its bullish momentum, driven by Bitcoin, the leader of cryptocurrencies. As BTC continues to set new ATH highs daily, other crypto tokens are also reaching their all-time high, which shows altcoins are capitalizing on this upward trend.
BeInCrypto has analyzed three tokens that recently hit new peaks and explored their potential next moves.
Bitcoin (BTC)
Bitcoin’s price jumped 11% in the last 24 hours, reaching a fresh all-time high of $89,922. With momentum building, the top cryptocurrency is now eyeing a key resistance level at $92,000, bringing it even closer to the highly anticipated $100,000 mark that has captured investors’ attention.
This impressive rally is fueled by strong market sentiment, particularly following MicroStrategy’s recent $2 billion BTC purchase, which has given a substantial boost to investor confidence. The wave of optimism is sustaining Bitcoin’s upward trajectory, reinforcing its strength as it continues to set new records.
However, a potential cooldown could soon emerge, which might push Bitcoin’s price back to $85,000. Such a pullback would likely challenge BTC’s current pace, softening the outlook of reaching $90,000 and cooling short-term enthusiasm among traders.
First Neiro on Ethereum (NEIRO)
NEIRO reached a new all-time high of $0.0031 today, marking a 23% increase on Tuesday. This is the fifth ATH recorded by the meme coin in the past week, highlighting its continued momentum and appeal among investors.
Broader market cues suggest that NEIRO may maintain this uptrend, provided investors hold onto their positions rather than booking profits. A sustained uptrend would further solidify NEIRO’s position in the market, attracting additional interest as the coin builds on its gains.
However, if NEIRO holders begin to sell, the coin could face a correction, potentially dropping to $0.0022. Falling below this level would weaken the bullish outlook, leaving NEIRO vulnerable to further declines as market sentiment shifts.
Fasttoken (FTN)
Fasttoken reached a new all-time high of $3.06 despite a modest 3% increase in the past 24 hours. This gain was supported by a strong foundation, with FTN establishing a support floor at $2.88 to propel its latest upward move.
Market expectations suggest that Fasttoken could see another all-time high soon. However, if the broader crypto market’s bullish momentum fades, FTN may face a potential reversal, challenging its recent growth and requiring additional support to sustain its price level.
If FTN falls back to $2.88 and loses this support level, the bullish outlook would be invalidated, possibly sending the altcoin down to $2.69. This drop would signal a shift in sentiment, prompting caution among investors.