The optimism and excitement surrounding the new year were reflected in the price action of crypto tokens as new all-time highs were formed in the last 24 hours. Even though Bitcoin is yet to reach its ATH, altcoins are advancing unbothered.
BeInCrypto has analyzed three crypto tokens that reached their new all-time high today, banking on the bullish momentum.
Virtuals Protocol (VIRTUAL)
VIRTUAL reached a new all-time high of $4.14, rising 17.76% in the last 24 hours. This surge reflects the growing bullish momentum in the crypto market, positioning VIRTUAL as a standout performer among altcoins during this upward trend.
The cryptocurrency has maintained strong support at $3.26 over the past few days, enabling its recent jump. If the current momentum persists, VIRTUAL could achieve further all-time highs, supported by increased investor confidence and favorable market conditions.
VIRTUAL Price Analysis. Source: TradingView
However, losing the $3.26 support level would invalidate the bullish outlook, potentially driving VIRTUAL’s price down to $3.00 or lower. Such a decline would indicate a shift in sentiment, highlighting the importance of sustaining key support levels to preserve market optimism.
ai16z (AI16Z)
AI16Z hit a new all-time high of $1.91 in the last 24 hours, fueled by growing anticipation surrounding 2025. However, the altcoin has since slipped, trading at $1.80 at the time of writing, reflecting a slight pullback as the market stabilizes.
The cryptocurrency’s potential to surpass the $2.00 mark hinges on favorable broader market cues. Continued bullish sentiment and increased investor confidence could propel AI16Z into a sustained uptrend, building on the momentum generated by its recent highs.
AI16Z Price Analysis. Source: TradingView
Conversely, profit-taking by investors could push AI16Z back toward $1.40 or lower. Such a decline would dampen the altcoin’s current trajectory and potentially signal a period of consolidation, emphasizing the importance of maintaining key support levels.
Fasttoken (FTN)
FTN experienced a 4% intra-day high in the last 24 hours, reaching $3.68 to set a new all-time high before retracing to $3.50. This slight pullback indicates some selling pressure, but the altcoin remains in focus as traders monitor its next move.
The decline brought FTN back below the critical $3.52 resistance level. If the downward trend continues, the altcoin could fall further to $3.36, extending recent losses. Such a move would raise caution among investors and potentially dampen bullish sentiment.
FTN Price Analysis. Source: TradingView
However, flipping $3.52 into support could revive FTN’s bullish momentum, enabling it to retest $3.68 and possibly form another all-time high. Achieving this would invalidate the bearish outlook and reinforce the altcoin’s potential for further gains.
