With Bitcoin reclaiming the $100,000 price point as support, the crypto market looked set to continue its bullish trend. As such, many altcoins followed BTC’s lead, with some even recording new all-time highs (ATH).
BeInCrypto analyzed three of these crypto tokens that registered record highs in the last 24 hours.
On (ON)
SUI price has surged 29% in the past 24 hours, reaching $4.80. The altcoin recently hit a new all-time high of $4.91 during today’s intraday session. This sharp increase indicates strong investor interest and market momentum, with SUI performing well in the current bullish environment.
Thus, SUI has established solid support at $4.37, which should help the altcoin maintain its value even if a correction occurs. Holding above this support would allow the token to regroup and potentially form new ATHs.
SUI Price Analysis. Source: TradingView
If the asset fails to hold the $4.37 support, a price drop to $3.94 becomes likely. A break below this level could signal a deeper correction, and further declines would push the altcoin closer to the $3.20 mark. Thus, such a scenario would invalidate the current bullish outlook for the altcoin.
MANTRA (OM)
OM price has been stuck in a sideways trend for over three weeks now, following a massive 64% surge in a single day. The altcoin’s price action lacks clear direction as traders appear cautious amid the broader market uncertainty. As such, a breakout from this consolidation is expected soon.
Over the past 24 hours, the crypto token formed a new all-time high at $4.63 before pulling back to $4.18. This recent fluctuation signals a shift in momentum, although the pullback suggests some profit-taking is taking place. The altcoin remains volatile, with future price action depending on market sentiment.
OM Price Analysis. Source: TradingView
There is a strong possibility that the asset could drop further to test its support level at $3.47. If the altcoin sustains above this key level, it is likely to consolidate. A failure to hold the support could signal a deeper correction, leading to a possible retest of lower price levels.
Bitget Token (BGB)
BGB has continued its impressive streak of new daily all-time highs, with the latest peak reaching $3.38 after a 22% increase in the past 24 hours. This consistent growth highlights strong investor demand and interest, suggesting that the altcoin remains a key player in the current market rally.
While the streak of ATHs is expected to continue, there is a risk that BGB could experience a pullback if the broader market cools down. Market fluctuations could potentially slow its upward momentum, especially if investor sentiment changes or profit-taking becomes more widespread in the coming days.
BGB Price Analysis. Source: TradingView
A correction could take the BGB price back to the $2.49 level, which could act as a key support. If the altcoin sustains above this level, it could regain upward momentum. However, if the altcoin fails to sustain this support, the price could drop to $1.79, potentially invalidating the current bullish outlook.
The article 3 Altcoins That Hit All-Time Highs Today, December 12 appeared first on BeInCrypto Brasil.
