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The crypto market is gradually recovering, sparking renewed optimism that has propelled some lower-cap coins to surge. While Bitcoin has yet to initiate a significant recovery rally, several altcoins are seizing the opportunity to climb higher.
BeInCrypto has analyzed three standout crypto tokens that achieved a new all-time high (ATH) today, boosting investor profits.
SPX6900 (SPX)
SPX reached a new all-time high of $1.23 following a 30% rally over the last 24 hours. Currently trading at $1.21, the altcoin’s strong performance highlights its growing investor interest and potential for further growth in the near term.
This surge came after SPX successfully secured $0.91 as a support floor earlier this week. If investors continue holding their positions and resist selling, the altcoin could maintain its upward momentum and achieve new all-time highs in the coming days.
However, if SPX holders begin selling, the price could drop to $1.00 or lower. A further decline to $0.91 would invalidate the bullish outlook, raising concerns about sustained gains. Holding key support levels is crucial for preserving market confidence.
Gigachad (GIGA)
GIGA surged by 16% in the last 24 hours, reaching a new all-time high of $0.089. This marks the second ATH for the meme coin this week, showcasing its impressive momentum and capturing strong investor attention.
With support at $0.081, a successful bounce could enable GIGA to sustain its uptrend. Breaking higher, the meme coin might reach the $0.100 milestone, further solidifying its bullish outlook and delivering notable gains for its holders.
However, losing the $0.081 support could lead to a drawdown toward $0.064. This would invalidate the bullish outlook and erase a significant portion of the recent gains, highlighting the importance of maintaining key levels for stability.
GateToken (GT)
Another crypto token that hit a new all-time high (ATH) was GT, which reached $17.74 after rebounding from the $16.00 support earlier this week. This rise highlights the altcoin’s strong upward momentum, capturing investor attention and positioning it as a standout performer in the market.
If GT sustains its bullish trajectory, the altcoin could continue setting new records, potentially reaching the $18.00 mark. This would reinforce investor confidence and solidify GT’s position as a promising asset in the current crypto market.
However, a decline could see GT retrace to $16.00, offering another opportunity for a bounce and potential recovery. Failing to hold this critical support level would invalidate the bullish outlook, raising concerns about further price corrections.