beincrypto.com
The impact of Bitcoin crossing the $100,000 mark is still visible in the price action of certain altcoins. These crypto assets are still charting gains, with some even forming new all-time highs.
BeInCrypto has analyzed three such crypto tokens that continued rallying over the last 24 hours and established new all-time highs.
Mog Coin ($MOG)
$MOG has surged 45% in the last 24 hours, reaching a new all-time high ($ATH) of $0.000003392. This marks the second $ATH achieved this week, driven by heightened investor interest in the meme coin. The momentum continues to grow as $MOG attracts significant attention from the crypto community.
Currently trading at $0.000003345, $MOG is close to breaking its previous $ATH and forming a new high. The altcoin’s proximity to this level suggests that a price breakout is possible if the market maintains its bullish momentum.
If $MOG manages to continue its uptrend, a new $ATH is highly likely. However, if the altcoin fails to breach the current resistance, it risks a drop to $0.000002850. A further decline below this level would weaken the bullish outlook and potentially trigger market corrections, causing investor caution.
Virtuals Protocol ($VIRTUAL)
$VIRTUAL has surged by 258% over the past ten days, with the price reaching a new all-time high ($ATH) of $1.99. This marks the second $ATH achieved this week, reflecting strong market enthusiasm and a renewed interest in the altcoin.
After bouncing off the key support at $1.30, the altcoin has gained momentum and is likely to continue its uptrend. The support at $1.30 has held, providing a solid foundation for further price appreciation. If the uptrend persists, $VIRTUAL could see sustained growth in the short term.
However, if investors start booking profits, $VIRTUAL could face a significant drawdown. Should the price fall below the $1.30 support level, it could drop as low as $0.49. Such a correction would invalidate the bullish sentiment, leading to a potential shift in market conditions.
Bitget Token ($BGB)
$BGB has seen a 27% increase in the last 24 hours, pushing its price to $2.15. The altcoin reached a new all-time high ($ATH) of $2.29 during the intra-day high. This surge reflects the strong market interest and signals the potential for further price action if momentum persists.
If market conditions remain favorable, $BGB could find support above the $1.79 level, which would minimize the impact of any potential price corrections. Establishing this support floor would give $BGB a solid foundation to maintain its upward trend and continue attracting investor interest in the near term.
However, losing the $1.79 support could drastically affect $BGB’s price. If this level fails to hold, the altcoin could drop to $1.55, invalidating the bullish outlook. Such a decline would trigger further losses for investors and might lead to a shift in market sentiment toward caution.