Slow market growth is pushing Bitcoin back above a key support at $95,600 which is the key to BTC making to its way to $100,000. While the new year did not bring in exceptional bullishness or major rises, it did push some altcoins to their best.
BeInCrypto has analysed three crypto tokens that formed a new all-time high over the last 24 hours and booming investors’ profits.
ai16z (AI16Z)
AI16Z surged by 54%, emerging as one of the day’s top-performing tokens while reaching a new all-time high of $2.46. The crypto is maintaining its position above the critical support level of $1.58, solidifying investor confidence. This upward momentum has further highlighted AI16Z as a standout in the market.
The ongoing uptrend is fueling substantial profits for AI16Z investors, enhancing its appeal within the AI-driven crypto niche. If this growth continues, the token could see even greater gains throughout the year. Strong market sentiment and sustained momentum are critical to keeping this bullish trend alive.
However, profit-taking behavior poses a potential threat to AI16Z’s momentum. A decline driven by selling pressure could push the token back to the $1.58 support level. If this occurs, the bullish outlook would be invalidated, emphasizing the importance of maintaining key support levels for long-term stability.
Virtual Protocol (VIRTUAL)
VIRTUAL surged by 32% in the past 24 hours, reaching a new all-time high of $5.20 before settling at $5.02. This impressive rise has solidified the altcoin’s position as a strong performer, drawing significant attention from investors.
The ongoing uptick suggests the potential for VIRTUAL to establish higher highs, possibly targeting $6.00. Maintaining support above $3.26 will be crucial for sustaining this momentum and reinforcing investor confidence in its bullish trajectory.
While a drawdown appears unlikely at the moment, the most significant risk for VIRTUAL would be a decline to $3.26. Holding this level is vital to preserve the current bullish outlook and avoid deeper corrections.
Gigachad (GIGA)
Another crypto token, GIGA’s price witnessed a modest 16% increase over the past day, setting a new all-time high (ATH) at $0.081. This level surpassed the previous ATH recorded on December 12, 2024. While the growth is not massive, it reflects steady momentum that has kept investor interest alive.
GIGA’s price bounced off the $0.064 support level, a crucial marker it also relied on last month when it formed its prior ATH. Holding above this support is critical for sustaining its bullish momentum and encouraging further gains. This consistency highlights the importance of $0.064 as a foundational level for GIGA’s price stability.
However, a drop below $0.064 would invalidate the bullish outlook, putting GIGA at risk of a decline to $0.053. Such a downturn could diminish investor confidence, emphasizing the need for GIGA to maintain its key support levels.
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.
