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3 Altcoins That Reached All-Time Highs Today — January 1

3 Altcoins That Reached All-Time Highs Today — January 1

Author:
Beincrypto
Published:
2025-01-01 07:30:00
17
1

BeInCrypto has analyzed three crypto tokens that reached their new all-time high today, banking on the bullish momentum.

Virtuals Protocol (VIRTUAL)

VIRTUAL reached a new all-time high of $4.14, rising 17.76% in the last 24 hours. This surge reflects the growing bullish momentum in the crypto market, positioning VIRTUAL as a standout performer among altcoins during this upward trend.

The cryptocurrency has maintained strong support at $3.26 over the past few days, enabling its recent jump. If the current momentum persists, VIRTUAL could achieve further all-time highs, supported by increased investor confidence and favorable market conditions.

VIRTUAL Price Analysis

VIRTUAL Price Analysis. Source: TradingView

However, losing the $3.26 support level would invalidate the bullish outlook, potentially driving VIRTUAL’s price down to $3.00 or lower. Such a decline would indicate a shift in sentiment, highlighting the importance of sustaining key support levels to preserve market optimism.

ai16z (AI16Z)

AI16Z hit a new all-time high of $1.91 in the last 24 hours, fueled by growing anticipation surrounding 2025. However, the altcoin has since slipped, trading at $1.80 at the time of writing, reflecting a slight pullback as the market stabilizes.

The cryptocurrency’s potential to surpass the $2.00 mark hinges on favorable broader market cues. Continued bullish sentiment and increased investor confidence could propel AI16Z into a sustained uptrend, building on the momentum generated by its recent highs.

AI16Z Price Analysis

AI16Z Price Analysis. Source: TradingView

Conversely, profit-taking by investors could push AI16Z back toward $1.40 or lower. Such a decline would dampen the altcoin’s current trajectory and potentially signal a period of consolidation, emphasizing the importance of maintaining key support levels.

Fasttoken (FTN)

FTN experienced a 4% intra-day high in the last 24 hours, reaching $3.68 to set a new all-time high before retracing to $3.50. This slight pullback indicates some selling pressure, but the altcoin remains in focus as traders monitor its next move.

The decline brought FTN back below the critical $3.52 resistance level. If the downward trend continues, the altcoin could fall further to $3.36, extending recent losses. Such a move would raise caution among investors and potentially dampen bullish sentiment.

FTN Price Analysis.

FTN Price Analysis. Source: TradingView

However, flipping $3.52 into support could revive FTN’s bullish momentum, enabling it to retest $3.68 and possibly form another all-time high. Achieving this would invalidate the bearish outlook and reinforce the altcoin’s potential for further gains.

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