3 Altcoins That Reached All-Time Highs Today — January 17
Many altcoins are surging higher on the daily charts as Bitcoin successfully reclaims the $100,000 support level. This gave some altcoins gains as they hit new highs on a bullish backdrop.
BeInCrypto analyzes three crypto tokens that hit all-time highs (ATH) today and their future prospects.
Meow (meow)
MEOW be one of them Best performing altcoinsup 64% in the past 24 hours. This impressive rally pushed the price from below $0.0050 to $0.0077, making it a standout in the market.
During this surge, MEOW also hit an all-time high of $0.0077, its fifth ATH in the past week. If this uptrend continues, the meme token may reach $0.0100, further consolidating its bullish momentum.
However, unexpected profit-taking by investors could trigger a correction. If this happens, MEOW could drop to $0.0050, negating the bullish outlook and erasing the recent gains same corner.
Gate (GT)
GT prices rose 9.5% this week to reach an all-time high (ATH) of $19.89. This continued trend toward record highs highlights strong investor confidence and growing Demand for altcoins.
If the upward momentum holds, GT may claim $20.00 as support. If it succeeds in doing so, it will set the stage for further gains towards $25.00, reinforcing its bullish trajectory.
However, a potential reversal could derail this trend. In this scenario, GT could fall back to $18.12, invalidating the bullish outlook and erasing recent gains.
Morpho (MORPHO)
MORPHO price surged 31% in the past 24 hours, climbing to $4.00. This impressive rally witnessed Altcoin implementation The all-time high (ATH) of $4.13 indicates strong market momentum and increased investor interest.
If the uptrend continues, MORPHO may break out more ATH in the coming days, driven by increased demand and favorable market conditions. Sustaining its momentum above current support will be key to maintaining its bullish trajectory.
However, profit-taking by investors carries significant risks. If selling pressure intensifies, MORPHO could lose key support at $3.58, leading to a possible drop to $2.26, which would invalidate the bullish outlook and reverse recent gains.
Disclaimer
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