2024-12-12 09:40 |
With Bitcoin reclaiming the $100,000 price as support, the crypto market seemed primed to continue its uptrend. As a result, many altcoins followed Bitcoin’s lead, with some even noting new highs.
BeInCrypto has analyzed three such crypto tokens that have recorded new all-time highs over the last 24 hours.
Sui (SUI)SUI price has surged by 29% over the last 24 hours, reaching $4.80. The altcoin recently hit a new all-time high (ATH) of $4.91 during today’s intra-day session. This sharp rise indicates strong investor interest and market momentum, with SUI performing well in the current bullish environment.
SUI has established solid support at $4.37, which should help the altcoin retain its value even if a correction occurs. Holding above this support would allow SUI to regroup and potentially form new ATHs.
SUI Price Analysis. Source: TradingViewIf SUI fails to maintain the $4.37 support, a price drop to $3.94 becomes likely. A break below this level could signal a deeper correction, and further declines would push SUI closer to the $3.20 mark. Such a scenario would invalidate the current bullish outlook for the altcoin.
MANTRA (OM)OM price has been stuck in a sideways trend for more than three weeks, following a massive 64% price surge in a single day. The altcoin’s price action has lacked clear direction, as traders appear cautious amid the broader market uncertainty. A break from this consolidation is expected soon.
Over the last 24 hours, the crypto token formed a new all-time high (ATH) at $4.63 before pulling back to $4.18. This recent fluctuation signals a shift in momentum, though the pullback suggests that some profit-taking is occurring. The altcoin remains volatile, with future price action dependent on market sentiment.
OM Price Analysis. Source: TradingViewThere is a strong possibility that OM could dip further to test its support level at $3.47. If the altcoin holds above this key level, it is likely to consolidate. A failure to maintain support could signal a deeper correction, leading to a potential retest of lower price levels.
Bitget Token (BGB)BGB has maintained its impressive streak of setting new all-time highs (ATH) daily, with the latest peak reaching $3.38 after a 22% increase in the last 24 hours. This consistent growth highlights strong demand and investor interest, suggesting that the altcoin remains a key player in the current market rally.
While the ATH streak is expected to continue, there is a risk that BGB could experience a pullback if the broader market cools down. Market fluctuations could potentially slow its upward momentum, especially if investor sentiment shifts or profit-taking becomes more widespread in the coming days.
BGB Price Analysis. Source: TradingViewA correction could send BGB’s price back to the $2.49 level, which could act as key support. If the altcoin holds above this level, it may regain upward momentum. However, if BGB fails to sustain this support, the price could drop to $1.79, potentially invalidating the current bullish outlook.
The post 3 Cryptocurrencies That Reached All-Time Highs Today — December 12 appeared first on BeInCrypto.
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