2024-12-6 12:30 |
The impact of Bitcoin crossing the $100,000 mark is still visible in the price action of certain altcoins. These crypto assets are still charting gains, with some even forming new all-time highs.
BeInCrypto has analyzed three such crypto tokens that continued rallying over the last 24 hours and established new all-time highs.
Mog Coin (MOG)MOG has surged 45% in the last 24 hours, reaching a new all-time high (ATH) of $0.000003392. This marks the second ATH achieved this week, driven by heightened investor interest in the meme coin. The momentum continues to grow as MOG attracts significant attention from the crypto community.
Currently trading at $0.000003345, MOG is close to breaking its previous ATH and forming a new high. The altcoin’s proximity to this level suggests that a price breakout is possible if the market maintains its bullish momentum.
MOG Price Analysis. Source: TradingViewIf MOG manages to continue its uptrend, a new ATH is highly likely. However, if the altcoin fails to breach the current resistance, it risks a drop to $0.000002850. A further decline below this level would weaken the bullish outlook and potentially trigger market corrections, causing investor caution.
Virtuals Protocol (VIRTUAL)VIRTUAL has surged by 258% over the past ten days, with the price reaching a new all-time high (ATH) of $1.99. This marks the second ATH achieved this week, reflecting strong market enthusiasm and a renewed interest in the altcoin.
After bouncing off the key support at $1.30, the altcoin has gained momentum and is likely to continue its uptrend. The support at $1.30 has held, providing a solid foundation for further price appreciation. If the uptrend persists, VIRTUAL could see sustained growth in the short term.
VIRTUAL Price Analysis. Source: TradingViewHowever, if investors start booking profits, VIRTUAL could face a significant drawdown. Should the price fall below the $1.30 support level, it could drop as low as $0.49. Such a correction would invalidate the bullish sentiment, leading to a potential shift in market conditions.
Bitget Token (BGB)BGB has seen a 27% increase in the last 24 hours, pushing its price to $2.15. The altcoin reached a new all-time high (ATH) of $2.29 during the intra-day high. This surge reflects the strong market interest and signals the potential for further price action if momentum persists.
If market conditions remain favorable, BGB could find support above the $1.79 level, which would minimize the impact of any potential price corrections. Establishing this support floor would give BGB a solid foundation to maintain its upward trend and continue attracting investor interest in the near term.
BGB Price Analysis. Source: TradingViewHowever, losing the $1.79 support could drastically affect BGB’s price. If this level fails to hold, the altcoin could drop to $1.55, invalidating the bullish outlook. Such a decline would trigger further losses for investors and might lead to a shift in market sentiment toward caution.
The post 3 Cryptocurrencies That Reached All-Time Highs Today — December 6 appeared first on BeInCrypto.
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