The crypto market is once again on a bullish streak, with the price of Bitcoin surpassing $93,000, setting a new record for the fifth time this week. This rally has also fueled the growth of altcoins.
BeInCrypto analyzed three tokens that hit new records today (14), providing substantial gains to investors and boosting market excitement.
Baby (BABY)
PEPE reached a new all-time high of $0.00002597 during intraday trading today, following an impressive 83% surge in the past 24 hours. This jump allowed the memecoin to surpass a five-month resistance level at $0.00001677, marking a remarkable achievement.
Currently trading at US$0.00002267, PEPE may face challenges in setting another record due to this Thursday's decline. However, if investors maintain their positions and resist the sell-off, the altcoin may avoid returning to the previous support of $0.00001677.
PEPE Price Analysis. Source: TradingView
If the coin falls to this support level, the possibility of a new record high will be eliminated, along with a substantial portion of the recent gains.
On (ON)
SUI recorded a 9.75% increase in the last 24 hours, reaching a new record of $3.52. Despite a modest gain, this record marks a significant milestone in the altcoin's recent uptrend.
This feat marks the sixth record high in the past week, as SUI closely follows Bitcoin’s bullish momentum. The cryptocurrency has now established a solid support level at $3.20, reinforcing investors’ confidence in continued gains.
SUI Price Analysis. Source: TradingView
However, if the token loses the $3.20 support, the price could drop to $2.85, negating the current bullish outlook among investors and potentially shifting sentiment to the downside.
Read more: Everything you need to know about Sui Blockchain
Popcat (POPCAT)
Additionally, POPCAT saw an 18% surge during its intraday peak, reaching a new all-time high of $2.00, its first in over two weeks. This recent surge highlights the altcoin’s growing traction among meme coin investors.
Currently trading at $1.88, the memecoin is undergoing a mild correction but has established a support level at $1.74. This support serves as a safeguard, helping to prevent significant losses and maintaining positive sentiment around the token.
POPCAT Price Analysis. Source: TradingView
However, if POPCAT loses this support at $1.74, it could face a drop to $1.49. Such a drop could dampen hopes of another record high, weakening momentum for the Solana-based crypto.
The article PEPE and two other altcoins hit all-time highs today was first seen on BeInCrypto Brasil.
