3 Altcoins That Reached All-Time Highs Today – January 7
Bitcoin's recovery past $100,000 has triggered a significant rise in several altcoins, with some hitting new all-time highs (ATH). However, the possibility of profit-taking by investors raises concerns, as such actions could lead to price corrections. BeInCrypto has analyzed three altcoins that reached fresh ATHs today and evaluated their future potential.
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Fasttoken (FTN)
FTN reached a new all-time high of $3.66 during intra-day trading, before slightly pulling back to $3.60. This milestone marks another step in FTN's recent upward trend, attracting investor attention.
The continuation of FTN’s upward movement seems possible as long as the coin stays above the $3.50 support. Holding this level could pave the way for further growth, supported by strong investor sentiment and favorable market conditions.
However, if investors begin selling, FTN might see a decline, potentially testing the support at $3.24. A drop below this level could end the bullish outlook and signal a potential reversal.
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Gate (GT)
GT hit a new ATH of $18.59 today, continuing its impressive upward trend. This steady rise has allowed the coin to avoid major volatility, reflecting a stable growth pattern.
The next goal for GT is to reach $20.00, a key psychological and technical target. Achieving this depends on maintaining strong momentum, investor interest, and favorable market conditions.
If there’s a pullback, GT could fall to test the support at $16.00. If this critical level is breached, it could signal a reversal in GT’s upward trajectory.
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WhiteBIT Token (WBT)
WBT saw a 6.5% increase in the last 24 hours, setting a new all-time high of $27.25. This marks the second ATH in just two days, reflecting strong investor optimism and market momentum.
Breaking out of the consolidation range between $25.13 and $24.25, WBT is maintaining a strong uptrend. If this momentum continues, WBT could climb higher, fueled by increased trading activity.
However, if the upward momentum fades, WBT might test the support at $26.00. A failure to hold this level could lead to further declines, potentially invalidating the current bullish outlook.
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In summary, these three altcoins have shown impressive gains, reaching new all-time highs. However, potential corrections could occur if selling pressure mounts, so investors should watch key support levels closely.
