While the crypto market has been rather slow over the last few days, with Bitcoin hovering around $96,000, some altcoins are still making the most of the residue bullish momentum. Among those capitalizing on the growth is Tron (TRX)
BeInCrypto has analyzed two other crypto tokens along with Tron that have formed a new all-time high (ATH) today.
Tron (TRX)
Tron’s price is currently at $0.228, marking a 10% increase over the last 24 hours. The altcoin hit a new all-time high (ATH) of $0.235 during intra-day trading. This recent surge indicates growing investor confidence and strengthens the bullish sentiment surrounding TRX in the crypto market.
This marks the first ATH for TRX in nearly seven years, with the last peak occurring in January 2018. The current momentum for Tron is strong, and if it maintains this trend, the altcoin could continue to form higher highs. Sustained buying pressure could propel TRX to even greater levels.
TRX Price Analysis. Source: TradingView
Tron has established solid support at $0.204, which could act as a floor for any potential corrections. Should profit-taking trigger a price pullback, a bounce at this support level may keep the uptrend intact. However, if TRX falls below $0.204, the bullish outlook will be invalidated, signaling a potential shift in market sentiment.
Ondo (ONDO)
ONDO’s price rose by 40% in the last 24 hours, reaching a new all-time high (ATH) of $1.794. This marks the first ATH in six months, signaling strong market interest. The surge in price has placed ONDO in the spotlight, attracting attention from both investors and traders alike.
The continued uptrend for ONDO is possible if holders maintain their positions and avoid selling off their holdings. If ONDO’s momentum persists, the next target could be $2.000. Market sentiment will play a key role in sustaining this rally, especially if investor confidence remains strong in the coming days.
ONDO Price Analysis. Source: TradingView
ONDO’s key support is at $1.485. If the price drops below this level, it could indicate a shift in market conditions, leading to a decline toward $1.243. A fall below this support level would invalidate the bullish outlook, potentially triggering further selling pressure and dampening investor optimism.
Kaia (KAIA)
Another crypto token, KAIA’s price surged by 75% in the last 24 hours, reaching a new all-time high (ATH) of $0.422. This significant jump has placed KAIA among the top performers in the crypto market.
The future of KAIA’s growth largely depends on broader market trends. If the overall crypto market remains bullish, KAIA could continue its upward trajectory. However, if bearish market conditions take hold, the altcoin may experience a correction, which could result in a decline in its recent gains.
KAIA Price Analysis. Source: TradingView
KAIA’s critical support level is at $0.329. If the price falls below this support, the bullish outlook will be invalidated. Such a drop could push KAIA below $0.300, signaling a potential shift in market sentiment and triggering further sell-offs among investors.
