beincrypto.com
With Bitcoin reclaiming the $100,000 price as support, the crypto market seemed primed to continue its uptrend. As a result, many altcoins followed Bitcoin’s lead, with some even noting new highs.
BeInCrypto has analyzed three such crypto tokens that have recorded new all-time highs over the last 24 hours.
Sui ($SUI)
$SUI price has surged by 29% over the last 24 hours, reaching $4.80. The altcoin recently hit a new all-time high ($ATH) of $4.91 during today’s intra-day session. This sharp rise indicates strong investor interest and market momentum, with $SUI performing well in the current bullish environment.
$SUI has established solid support at $4.37, which should help the altcoin retain its value even if a correction occurs. Holding above this support would allow $SUI to regroup and potentially form new ATHs.
If $SUI fails to maintain the $4.37 support, a price drop to $3.94 becomes likely. A break below this level could signal a deeper correction, and further declines would push $SUI closer to the $3.20 mark. Such a scenario would invalidate the current bullish outlook for the altcoin.
MANTRA (OM)
OM price has been stuck in a sideways trend for more than three weeks, following a massive 64% price surge in a single day. The altcoin’s price action has lacked clear direction, as traders appear cautious amid the broader market uncertainty. A break from this consolidation is expected soon.
Over the last 24 hours, the crypto token formed a new all-time high ($ATH) at $4.63 before pulling back to $4.18. This recent fluctuation signals a shift in momentum, though the pullback suggests that some profit-taking is occurring. The altcoin remains volatile, with future price action dependent on market sentiment.
There is a strong possibility that OM could dip further to test its support level at $3.47. If the altcoin holds above this key level, it is likely to consolidate. A failure to maintain support could signal a deeper correction, leading to a potential retest of lower price levels.
Bitget Token ($BGB)
$BGB has maintained its impressive streak of setting new all-time highs ($ATH) daily, with the latest peak reaching $3.38 after a 22% increase in the last 24 hours. This consistent growth highlights strong demand and investor interest, suggesting that the altcoin remains a key player in the current market rally.
While the $ATH streak is expected to continue, there is a risk that $BGB could experience a pullback if the broader market cools down. Market fluctuations could potentially slow its upward momentum, especially if investor sentiment shifts or profit-taking becomes more widespread in the coming days.
A correction could send $BGB’s price back to the $2.49 level, which could act as key support. If the altcoin holds above this level, it may regain upward momentum. However, if $BGB fails to sustain this support, the price could drop to $1.79, potentially invalidating the current bullish outlook.