beincrypto.com
The crypto market is facing high volatility at the moment as the year comes to an end. Bitcoin has been unable to reclaim $100,000 as support and this has pumped some skepticism among investors.
Nevertheless, BeInCrypto has analysed three crypto tokens that managed to still make it out and form new all-time high (ATH) today.
Bitget Token (BGB)
BGB surged by 25% in the last 24 hours, reaching an ATH of $5.39. This dramatic rise has made the altcoin a standout performer, drawing significant attention from investors. Its bullish momentum has positioned BGB as a top contender for continued gains in the current market environment.
Maintaining support above $4.12 is crucial for BGB to sustain its upward trajectory. This level serves as a foundation for further growth, with analysts predicting that holding above this zone could enable the altcoin to attempt new highs.
However, a drop below $4.12 could signal bearish pressures, potentially driving BGB’s price down to $3.06. Such a decline would erase recent gains and also dampen investor optimism for future ATHs.
GateToken (GT)
Another crypto token that reached a new all-time high today was GT, as it hit $14.24, fueled by strong support at $13.45. This price surge reflects bullish market sentiment, with broader market conditions contributing to the upward momentum.
Sustaining support above $13.45 is essential for GT to continue its bullish trajectory. If this level holds, the altcoin could gain sufficient momentum to target $15.00. This price level represents the next significant milestone, signaling increasing investor confidence and sustained market demand for the cryptocurrency.
However, a failure to maintain support at $13.45 could trigger a pullback, potentially driving GT’s price to $12.85 or lower. Such a move would invalidate the current bullish outlook and highlight the risks of market volatility.
ai16z (AI16Z)
AI16Z rallied 46% in the past 24 hours, reaching an intra-day all-time high of $0.976 before settling at $0.897. This impressive surge highlights renewed investor interest and marks a significant breakthrough for the altcoin. AI16Z’s price action suggests the potential for continued gains in the short term.
The rally enabled AI16Z to break past the $0.832 resistance, a barrier that stalled its growth for nearly two weeks. This breakout has shifted market sentiment, paving the way for further upside momentum.
However, if AI16Z fails to hold above $0.832, it risks sliding back to $0.571. Such a decline would negate the current bullish outlook and could deter investor optimism. Monitoring the support and resistance levels closely will be key to assessing AI16Z’s next moves in the volatile market.