beincrypto.com
The crypto market is once again in a bullish phase as Bitcoin’s price surged past $93,000, setting a new all-time high for the fifth time in a week. This rally has also spurred growth across altcoins.
BeInCrypto has analyzed three tokens that hit fresh all-time highs today, delivering substantial gains to investors and driving market excitement.
Pepe (PEPE)
PEPE reached a new all-time high of $0.00002597 during today’s intra-day trading, following an impressive 83% increase over the past 24 hours. This surge allowed the meme coin to surpass a five-month resistance level at $0.00001677, marking a notable achievement.
Currently trading at $0.00002267, PEPE may face challenges in setting another ATH due to today’s pullback. However, if investors hold onto their positions and resist selling, PEPE might avoid falling back to the previous support of $0.00001677.
If PEPE drops to this support level, the potential for a new ATH will be eliminated, along with a substantial portion of recent gains.
Sui (SUI)
SUI posted a 9.75% increase in the last 24 hours, reaching a new all-time high of $3.52. Despite a modest gain, this ATH marks a significant milestone for the altcoin’s recent uptrend.
This high is the sixth ATH in the past week, as SUI closely follows Bitcoin’s bullish momentum. The cryptocurrency has now established a solid support level at $3.20, bolstering investor confidence in continued gains.
However, if SUI loses the $3.20 support, the price could drop to $2.85, negating the current bullish outlook among investors and potentially shifting sentiment downward.
Popcat (POPCAT)
POPCAT saw an 18% increase during the intra-day high, reaching a new all-time high of $2.00, its first ATH in over two weeks. This recent surge highlights POPCAT’s growing traction among meme coin investors.
Currently trading at $1.88, POPCAT is undergoing a mild correction but has established a support level at $1.74. This support serves as a safeguard, helping to prevent any significant losses and maintaining positive sentiment around the token.
However, if POPCAT loses this $1.74 support, it may face a decline to $1.49. Such a drop could dampen hopes for another all-time high, weakening momentum for the Solana-based meme coin.