The crypto market has been sending mixed signals for the past few days, with the leader Bitcoin stuck at around $86,000. But some altcoins have still managed to make the most of this situation and post gains.
BeInCrypto has analyzed three such altcoins that formed a new all-time high over the last 24 hours and what is next for them.
Saros (SAROS)
SAROS has formed a new all-time high at $0.0595 today, continuing its upward momentum. This growth follows the successful establishment of $0.0461 as a solid support floor. The altcoin’s steady climb reflects a growing investor interest.
With broader market conditions remaining bullish, SAROS is likely to continue its upward trajectory. The altcoin is just inches away from breaching the $0.0600 level, and once this barrier is surpassed, it could easily climb toward $0.0650 and beyond.
However, if investor sentiment shifts and selling pressure emerges, SAROS could see a sharp pullback. A decline below the support level of $0.0461 would be a critical point, invalidating the current bullish outlook. If this occurs, SAROS may fall further, and the recent gains could be lost.
Loaded Lions (LION)
LION’s price has risen by 17.5% over the last 24 hours, reaching a new all-time high of $0.0211 during today’s intra-day high. This price surge indicates growing investor confidence and strong momentum, positioning LION for further growth in the short term as it gains more attention.
This marks the second ATH for LION this week, signaling that the altcoin’s uptrend is likely to continue. With bullish momentum supporting the price, LION could soon reach $0.0250 or higher. This would solidify its position as one of the top performers, forming additional ATHs along the way.
However, if LION fails to maintain its upward trajectory and falls below $0.0137, the bullish outlook will be invalidated. A drop back to this support level would erase a significant portion of the recent gains, and further declines could extend the current downtrend.
Olympus V2 (OHM)
Another one of the rising altcoins, OHM’s price has risen despite mixed market signals, forming a new all-time high (ATH) at $26.89. The altcoin’s resilience reflects strong investor interest and ongoing momentum. This price surge positions OHM to potentially continue its upward trend if investor confidence remains high in the coming days.
Currently trading at $26.82, OHM is poised for further growth, assuming continued investor support. If bullish sentiment persists, OHM could rise to $30.00, extending its recent gains and creating new ATHs. The altcoin has shown significant potential, making it an attractive option for investors in the short term.
However, if broader market bearishness intensifies, OHM may struggle to maintain its momentum. A decline below $25.32 would suggest weakening support and a drop to $24.03 could invalidate the current bullish outlook. A shift in market sentiment could lead to further losses for the altcoin.
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.
