Bitcoin’s recovery beyond $100,000 has sparked a surge in many altcoins, with the effect clearly being that they have reached new all-time highs. However, the potential for profit-taking among investors is a concern, as such actions could lead to corrections in the prices of these cryptocurrencies.
BeInCrypto analyzed three cryptocurrencies that hit their all-time high (ATH) today and studied their future potential.
Fast Token (FTN)
FTN price reached an all-time high of $3.66 during intraday trading before pulling back slightly to $3.60. This milestone marks another significant step in the altcoin’s recent bullish trend, attracting the attention of investors looking for growth opportunities.
The continuation of FTN’s uptrend seems likely as long as the cryptocurrency maintains support above $3.50. Maintaining this level could create a foundation for further gains, driven by strong investor sentiment and favorable market conditions.
However, if FTN holders decide to sell, the altcoin could see a decline. A drop to test the support at $3.24 could occur, which would invalidate the bullish outlook and signal a potential reversal.
Gateway (GT)
Another digital token, GT price hit an all-time high of $18.59 today, continuing its impressive streak of success. The ongoing upward trend has helped the altcoin avoid major volatility, reflecting the stability of its growth trajectory.
GT’s next target is $20.00, which is both a psychological and technical target. However, this move requires the current bullish momentum to remain strong, supported by continued investor interest and favorable market conditions.
If a pullback occurs, GT could face a decline, which could lead to a test of the support at $16.00. A break of this critical level would invalidate the bullish outlook, indicating a possible reversal in the altcoin’s bullish trend.
White Bit Token (WBT)
WBT price has surged 6.5% in the past 24 hours, setting a new all-time high of $27.25. This marks the second highest level in just two days, reflecting strong investor optimism and market momentum.
Escaping the consolidation range between $25.13 and $24.25, WBT has maintained a strong uptrend. If this momentum continues, the altcoin could reach higher levels, supported by increased trading activity.
However, if the bullish momentum wanes, WBT could drop to test the support at $26.00. Failure to hold this level could lead to further declines, which could invalidate the current bullish outlook completely.