As January drew to a close, the fourth week brought heightened volatility to the cryptocurrency market. Amid these fluctuations, several altcoins made notable efforts to secure gains. However, only a handful managed to weather the storm and achieve significant rallies, with a select few even reaching new all-time highs.
BeInCrypto has identified three standout crypto tokens that have defied market conditions and also set new all-time highs. Here’s a closer look at their performance and what might be in store for them in the coming week.
MANTRA (OM)
OM’s price surged 45% in the past 24 hours, breaking out of a two-month-long consolidation range between $4.27 and $3.47. This dramatic increase has reignited investor interest, pushing the altcoin beyond its recent stagnation.
This momentum allowed OM to form a new all-time high (ATH) at $5.10, a significant milestone for the cryptocurrency. Currently trading at $4.59, OM is striving to solidify $4.27 as a support floor. Successfully doing so could maintain its bullish momentum and encourage further upward movement.
However, failure to establish $4.27 as support could lead OM back into its previous consolidation range. A slip below this level would hinder its potential to set a new ATH, dampening investor sentiment.
Toshi (TOSHI)
TOSHI experienced a staggering 157% surge in the last 24 hours, reaching a new all-time high (ATH) of $0.00211. This rise followed the cryptocurrency’s successful establishment of support at $0.00057. The sharp increase highlights growing investor interest and market activity around the token, signaling strong short-term momentum.
To sustain its upward trajectory, TOSHI must establish a solid support level at $0.00100. Securing this floor would provide a foundation for further price increases and maintain investor confidence.
Should investors begin taking profits, TOSHI could retrace toward the $0.00057 support level, erasing recent gains. This scenario would invalidate the bullish outlook and return the cryptocurrency to pre-surge levels.
Vine (VINE)
Another one of the trending crypto tokens, VINE surged by an impressive 237%, reaching a new all-time high (ATH) of $0.487 during the intraday session. This significant rise was accompanied by the establishment of a short-term support level of $0.349.
For VINE to continue its upward trajectory, it must breach and flip the $0.487 resistance into a support level. Successfully doing so could pave the way for the altcoin to surpass $0.500 and potentially aim for $1.000.
However, a reversal could lead to a decline in VINE’s value, pushing it below the critical support of $0.349. If this happens, the altcoin may drop to $0.231, invalidating the bullish thesis and erasing recent gains.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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