The optimism and excitement brought by the new year also showed itself in the cryptocurrency market. This upward momentum is clearly seen in some cryptocurrencies that reached all-time highs (ATH) during the day. Although Bitcoin has not yet reached the ATH level, some altcoins are rising remarkably. Crypto analyst Aaryamann Shrivastava examines VIRTUAL Coin and two other altcoins that are on the rise.
Virtual Protocol (VIRTUAL Coin) is in the first place
VIRTUAL Coin has increased by 17.76% during the day, reaching its ATH level of $4.14. This rise is remarkable as a reflection of the increasing positive momentum in the crypto market. VIRTUAL is a prominent performer among altcoins with this uptrend. It has made this jump possible by maintaining the strong support level of $3.26 for the last few days. If the current momentum continues, VIRTUAL Coin could see new ATH levels supported by investor confidence and favorable market conditions.
However, if the $3.26 support is lost, it could invalidate bullish expectations, which could push VIRTUAL Coin’s price down to $3.00 or below. Such a drop would indicate the importance of maintaining critical support levels to maintain market optimism and could create a shift in investor sentiment.
AI16Z’s Rise and Possible Retracement
AI16Z reached its ATH level of $1.91 in the last 24 hours amid rising expectations for 2025. However, after this level, the price started to pull back and fell to $1.83. This decline reflects a slight correction as the market stabilizes. AI16Z’s potential to break above $2.00 is dependent on positive market developments and investor confidence. A continued uptrend could propel AI16Z steadily higher and build on recent momentum.
Conversely, if investors take profits, the AI16Z price could drop to $1.40 or below. Such a drop could weaken the altcoin’s current uptrend and potentially signal the start of a period of consolidation, highlighting the importance of holding key support levels.
The Rise and Pullback Process in FTN Coin
FTN Coin rose to $3.68 during the day and saw its ATH level. However, there was a slight decline before falling to $3.50. This pullback indicates that there is some selling pressure in the market. The altcoin market continues to be one of the focal points as traders watch for FTN Coin’s next move. If the price drops below $3.52, FTN is likely to fall to $3.36 and extend its losses further. This could trigger a cautious approach among investors and weaken bullish expectations.
However, if $3.52 turns into a support level, FTN Coin’s bullish momentum could revive, which could allow for a retest of $3.68 and even a breakout of the ATH level. Such a move would invalidate the bearish outlook and increase FTN’s potential for further gains.