Bitcoin’s new all-time high (ATH) last week has sparked renewed bullish sentiment in the market. Following the crypto king’s lead, several altcoins are approaching their own record highs, with some even surpassing them over the weekend.
BeInCrypto has analyzed three altcoins for investors to watch this week as they near a new all-time high.
Hyperliquid (HYPE)
HYPE is the closest top altcoin to reaching a new all-time high, currently trading at $38.96. The altcoin is just 9.2% away from breaking the key resistance at $42.25, making it a strong candidate for a breakout in the coming days.
The Ichimoku Cloud indicator, positioned below the candlesticks, supports HYPE’s continued bullish momentum. This technical setup suggests that HYPE could extend its impressive 50% gain this week and successfully form a new all-time high.
However, investor profit-taking remains a risk. A sudden increase in selling pressure could push HYPE price back toward the $32.19 support level. Falling below this support would negate the bullish outlook and signal potential downside.
Ket (KET)
KET is currently trading at $0.554, less than 6.3% away from its all-time high (ATH) of $0.590. If KET breaks this resistance, it will mark the meme coin’s second ATH within a week, signaling strong upward momentum for investors to watch.
This week, KET secured the key psychological support level at $0.500. Holding this support provides the necessary foundation for the coin to continue its upward trajectory, boosting investor confidence and sustaining the current rally.
However, meme coins like KET remain vulnerable to high volatility and unpredictable holders. Sudden sell-offs could cause the price to fall back to $0.500 or even drop to $0.422, which would invalidate the current bullish outlook and increase downside risks.
UNUS-SED-LEO (LEO)
LEO is the farthest among top altcoins from reaching a new all-time high (ATH) at $10.33. The altcoin needs a 16.19% rise to hit this target, which requires strong market momentum and investor confidence to drive the price upward.
The Relative Strength Index (RSI) is moving into the bullish zone, just above the neutral line. Holding this as support could signal growing bullish momentum. If Bitcoin achieves another ATH this week, it may boost LEO’s price past resistance levels at $9.11 and $9.92.
However, unfavorable market conditions could keep LEO below $9.11. The price may consolidate above $8.86 or even decline toward $8.51, reflecting cautious investor sentiment and potential downward pressure.
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.
