The crypto market continues to remain unpredictable with some altcoins forming new ATHs while others decline. Among these is Saros (SAROS) which has remained afloat this week, near its ATH.
BeInCrypto has analysed two other altcoins that could likely form a new all-time high this week as the market improves.
Saros (SAROS)
SAROS price is trading at $0.402, holding firmly above the $0.401 support level. This support has remained intact for over a week, indicating strong investor confidence. The stability provides a foundation for SAROS to attempt recovery.
The altcoin is only 8.6% away from its all-time high of $0.436. With the 50-day EMA positioned well below current levels, acting as support, SAROS has technical strength. A bounce off $0.401 could allow the token to retest the ATH this week, boosting investor sentiment further.
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However, risks remain if bullish momentum weakens. SAROS price could slip under $0.401 support and extend losses to $0.377. Such a drop would invalidate the bullish thesis, signaling a potential bearish reversal.
Mantle (MNT)
MNT price is trading at $1.59, about 16.3% away from its all-time high of $1.86. The altcoin faces resistance at $1.63, which must be breached to clear the path toward recovery. Holding above current levels will be crucial to maintain investor confidence.
The Ichimoku Cloud indicator suggests bullish momentum is building for MNT. If the altcoin successfully flips $1.63 into support, it could rally toward $1.86. A breakout above this level would retest the ATH and also open the door for new record highs.
However, risks remain if selling pressure increases. MNT price could slip through its immediate support at $1.47, extending losses to $1.34. Such a decline would invalidate the bullish thesis and reinforce bearish sentiment.
Hyperliquid (HYPE)
HYPE price is currently at $49, making it the farthest from its all-time high on this list. The altcoin would need a 21% rally to reach the ATH of $59 and push further into uncharted territory, potentially forming a new high if momentum builds.
The Ichimoku Cloud indicator suggests bullish momentum remains intact despite recent declines. If HYPE manages to breach $53 and flip it into support, the token could rally toward $56. Clearing this resistance zone would pave the way for a potential retest of the $59 all-time high.
However, risks remain if bearish sentiment grows or investors decide to sell. HYPE could break below $48, exposing the price to further decline to $46. Such a drop would completely invalidate the bullish thesis and limit the chances of recovery in the short term.
