The cryptocurrency market has seen a significant drop in the past 24 hours, losing a staggering $8 billion from its total market cap. Despite this broader correction, some altcoins have defied the trend and reached new all-time highs (ATHs) today.
BeInCrypto analyzed three such tokens that reached new all-time highs today, led by Just a Chill Guy (CHILLGUY)
Just a Chill Guy (CHILLGUY)
Based on a popular internet character, the memecoin Just a Chill Guy (CHILLGUY) has seen a massive surge in value since its launch on November 15. The altcoin rose to a new all-time high of $0.58 during the Asian session on Tuesday (26). However, it is currently trading at $0.47, down 18% from its peak price.
In a Nov. 25 post on X, on-chain analytics data provider Nansen noted that the memecoin saw $108,450 in net inflows from Smart Money in the previous 24 hours. Smart Money refers to institutional or large-scale investors. This indicates that large investors are increasing their holdings in CHILLGUY.
CHILLGUY Price Analysis. Source: TradingView
If this trend continues, the price of memecoin could regain its all-time high. On the other hand, CHILLGUY could fall below $0.40 if selling activity resurfaces.
Virtual Protocol (VIRTUAL)
VIRTUAL, the native token of AI agent creation platform Virtuals Protocol, surged to an ATH of $0.71 today. It is now trading at $0.65, having lost 8% of its value since reaching its peak price.
VIRTUAL’s rise is supported by real demand for the altcoin, reflected in its rising Relative Strength Index (RSI). At the time of publishing this analysis, it stands at 69.48.
In short, the RSI indicator tracks the overbought and oversold market conditions of an asset. Thus, it ranges from 0 to 100. When it is above 70, it indicates that the asset is overbought and a correction may occur. On the other hand, values below 30 indicate oversold conditions and suggest a price recovery.
VIRTUAL Price Analysis. Source: TradingView
VIRTUAL’s current RSI level indicates that buying activity outweighs selling pressure among market participants. If this trend continues, the altcoin will reclaim its ATH of $0.71 and attempt to move higher beyond it. However, if profit-taking begins, VIRTUAL’s price could drop to $0.57. Invalidating this bullish outlook.
aixbt by Virtuals (AIXBT)
AIXBT is currently trading at $0.08. The altcoin recorded an intraday surge of 75% and reached an ATH of $0.09. In the last 24 hours, its trading volume totaled $6.05 million, skyrocketing by 487%.
When an asset’s price rises along with its trading volume, it suggests strong market interest and participation, indicating that the price increase is supported by active buying. This signals confidence in the asset’s value and may suggest that the upward movement may be sustainable.
AIXBT Price Analysis. Source: TradingView
AIXBT will reclaim its ATH if this bullish momentum holds. However, its value could drop to $0.07 if selling activity begins.
The article 3 cryptocurrencies that reached new ATH today — November 26 appeared first on BeInCrypto Brasil.