🚀Market is going parabolical! So far three cryptocurrencies updated all-time highs today:
- Bitcoin (BTC)
Bitcoin has maintained a week-long streak of hitting new all-time highs, with the latest peak at over $84,000.
Investor optimism has set the next target for Bitcoin at $85,000, a critical psychological support level. With a 6% increase over the past 24 hours, Bitcoin could rise another 4% to reach this milestone, reinforcing bullish sentiment in the crypto space.
- cat in a dogs world (MEW)
MEW has followed Bitcoin’s recent momentum, reaching a new all-time high of $0.0120. Up by 27% in the past 24 hours, the cat-themed meme coin is showing signs of continuing its uptrend as investor interest grows.
Despite MEW’s strong rally, its status as a meme coin means it faces the constant risk of short-term selling or long-term holder (LTH) profit-taking at its peak. This could lead to a potential price dip as traders secure gains, impacting the coin’s recent rise.
- SUI
SUI’s price surged by 20% over the past two days, reaching a new all-time high of $3.30. This marks the third ATH for SUI in the last week, reflecting sustained investor optimism and strong momentum for the altcoin as it attracts increasing attention in the market.
While investors remain optimistic about SUI’s potential for continued growth, the possibility of profit-taking could put pressure on the price. Such activity may cause a gradual pullback as traders secure gains, potentially cooling off the recent rally if selling intensifies.
