The recent rise of Bitcoin has temporarily come to a halt. Although it has repeatedly hit new highs, the remaining bullish momentum has successfully driven the altcoin market to rise sharply. This market frenzy indicates that many cryptocurrencies may continue to refresh record highs.
Today, three outstanding cryptocurrencies have reached historic highs, with MANTRA (OM) leading the way. Here is an in-depth analysis of them from BeInCrypto.
OM
OM today reached a historic high of 4.53 USD, with a single-day increase of 58%. The price has currently fallen back to 4.06 USD, but market enthusiasm remains high, and investors are full of expectations for its subsequent performance. The recent strong rise fully demonstrates the strong demand for OM in the market.
Currently, OM is striving to solidify its support level, which is crucial for maintaining its upward trend. A solid support will enhance market confidence and provide a strong foundation for OM to further challenge new highs under the overall optimistic sentiment in the market.
OM Price Analysis.
However, if OM holders choose to take profits after a significant rise, it may trigger a price correction. This situation could lead to OM dropping to around 2.45 USD, weakening its bullish momentum and giving back most of the recent gains.
NPC
NPC's current price is 0.062 USD, with an intraday increase of up to 30%, reaching a historic high of 0.067 USD. This strong performance highlights the high demand for this altcoin in the market, making it one of the standout assets recently.
Looking back at last week, NPC successfully stabilized and rebounded at the support level of 0.038 USD, laying the foundation for subsequent continuous increases. This strong rebound ignited market confidence and further solidified investors' expectations for NPC to maintain an upward trend.
NPC Price Analysis.
However, if the bullish momentum weakens and NPC fails to maintain the breakout trend, it may face the risk of downward adjustment. A price drop to the key support level of 0.038 USD could lead to a failure of bullish expectations and trigger market selling pressure, thereby consuming part of the recent gains.
PONKE
PONKE's current trading price is 0.712 USD, having previously refreshed its historic high to 0.757 USD during Monday's trading. This significant rise indicates strong investor interest and extremely high market activity, making PONKE one of the most prominent altcoins recently.
Although there has been some profit-taking in the market, if PONKE can successfully rebound at the key support level of 0.661 USD, bullish momentum may be reignited, driving the price to break new highs and further enhancing investor confidence in future increases.
PONKE Price Analysis.
However, losing the support level of 0.661 USD may lead to a significant decline in PONKE. Altcoins may drop to 0.604 USD or even lower to 0.530 USD, which would invalidate the bullish argument and raise concerns about the sustainability of its recent upward trend.
Club Target Review
TOP.1
EYE has always been a currency that the club focuses on.
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TOP.2
Driven by PNUT, the entire meme sector has seen a rise. The raccoon coin FRED, which began to position itself at the price of 0.04, has now risen to 0.26, with an increase of nearly 6 times; similarly, the eye coin EYE at 0.0004 has soared to 0.0062, with an increase of 18 times; BAN has risen from the alert position of 0.041 to 0.21, also approaching a 6-fold return. The performance of hot projects is robust, and the opportunity for sustained profits should not be missed!
TOP.3
Today, the most eye-catching is the squirrel coin PNUT mentioned by Lao Ma, which has nearly doubled. At the same time, another pet of the squirrel owner, Fred, has also entered the market around 0.04 after research, and its market value has approached 1 billion US dollars.
TOP.4
TOP.5
TOP.6
WLFI
The results of the US presidential election have been announced, and Trump has successfully won the election. He may be the most supportive president of crypto at the moment, and in the foreseeable future, the crypto market will reach a whole new height.
After Trump takes office, projects in the DeFi ecosystem will receive more strategic and policy support. In the market, we have already seen that projects like UNI, AAVE, and LDO have started to rise after Trump announced his victory.
In the DeFi ecosystem, the project most closely associated with Trump is WLFI, a DeFi project supported by Trump himself. This project has unique resources and has raised funds for Trump during his campaign. Once Trump officially takes office next year, his commitments to the crypto industry will begin to unfold, and WLFI will be the first project to benefit.
Currently, subscription for WLFI requires a whitelist, and the club will provide a batch of project whitelists as a benefit to club members.
Here, we welcome everyone to join the club (scan the QR code below) to obtain the WLFI whitelist, first come, first served.
