As overall crypto market activity slows, liquidations hit $285.48 million in the past 24 hours, affecting 97,882 traders. However, bucking the market trend, some of the top altcoins surged today, reaching new all-time highs.
BeInCrypto has identified three cryptocurrencies that hit all-time highs today, with Dolos the Bully (BULLY) leading the pack.
Dolos the Bully (BULLY)
Solana-based Dolos the Bully (BULLY) soared to a new all-time high today (27). Memecoin briefly traded at a peak of $0.23 before experiencing a correction. At the time of writing this analysis, BULLY is trading at $0.20 and continues to enjoy a significant bullish bias.
Readings from its Super Trend indicator evaluated on the one-hour chart confirm this. Currently, the price of BULLY is above the green line of this indicator.
In short, this indicator measures the direction and strength of an asset’s price trend. It is displayed as a line on the price chart, with red indicating a downtrend and green signaling an uptrend. When the Super Trend line is below the asset’s price, it confirms an uptrend, suggesting that the momentum is likely to continue.
Bully Price Analysis. Source: TradingView
If this bullish trend continues, the price of BULLY could reclaim its all-time high. However, if token sales begin, the memecoin’s value could fall below $0.19.
Parallel IA (OK)
PAI is currently trading at $0.52. It reached an all-time high of $0.60 and has seen a 14% correction. Despite this, a recovery is possible as bullish pressure continues to build, making it one of the best altcoins today for keen investors. An assessment of the Aroon indicator confirms this bullish outlook. PAI’s Aroon Up line is at 100% at the time of writing.
In short, this indicator determines the strength and direction of an asset’s price trend. It measures the time since the altcoin’s highest peak (Aroon Up) and lowest trough (Aroon Down) over a defined period. When the Aroon Up line is at 100%, a new peak has recently been reached, signaling strong bullish momentum and potential trend continuation.
PAI Price Analysis. Source: TradingView
If PAI witnesses a resurgence in buying pressure, its price will revisit its all-time high and attempt a rally beyond it. On the other hand, if selling activity gains momentum, the token’s price could drop to $0.50. If buyers fail to hold this level, PAI’s value could drop further to $0.43.
Stonks (Vehicle Registration Certificate)
STNK reached an all-time high of $347.06 but has since fallen 26% and is trading at $263.67. The drop is attributed to an increase in profit-taking activity, which has put downward pressure on its price, although it is still one of the best altcoins today in terms of recent performance.
Analysis using the Fibonacci Retracement tool on the hourly chart shows that STNK has broken below the support at $268.01. This signals a strengthening of the downtrend. If fresh demand does not enter the market, its price may drop to $219.10.
STNK Price Analysis. Source: GeckoTerminal
On the other hand, if buying pressure increases, STNK could attempt a rally above $268.01, potentially climbing back towards its all-time high.
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