The cryptocurrency market has regained an upward trend, with the price of Bitcoin breaking through $93,000 and setting a new all-time high for the fifth time in a week. This rally has also fueled the growth of other altcoins.
BeInCrypto has analyzed three tokens that have set new all-time highs today, providing substantial gains for investors and driving excitement in the market.
Pepe (PEPE)
PEPE recorded a new all-time high of $0.00002597 in today's daily trading, an 83% increase over the past 24 hours. This surge is a notable achievement for the meme coin as it has surpassed the $0.00001677 five-month resistance level.
Currently trading at $0.00002267, PEPE may face difficulty in setting another new high due to today's pullback. However, if investors hold their ground and resist selling, PEPE can avoid falling back to the previous support level of $0.00001677.
If PEPE falls to this support level, the possibility of a new all-time high will disappear, and the recent substantial gains will also be lost.
Sui (SUI)
SUI has set a new all-time high of $3.52, a 9.75% increase over the past 24 hours. Although a modest gain, this new high is an important milestone in the recent upward trend of the altcoin.
This latest all-time high is the sixth recorded in the past week, and SUI has closely followed Bitcoin's upward momentum. The cryptocurrency has now established a solid $3.20 support level, further strengthening investor confidence in its continued gains.
However, if SUI loses the $3.20 support level, the price could drop to $2.85, potentially invalidating the current bullish outlook and dampening sentiment among investors.
Popcat (POPCAT)
POPCAT has recorded a new all-time high of $2.00, an 18% increase during the daily peak. This is the first time a new high has been set in two weeks, highlighting the growing popularity of the meme coin among investors.
Currently trading at $1.88, POPCAT is experiencing a slight correction but has established a $1.74 support level. This support acts as a safeguard to prevent substantial losses and maintain the positive sentiment surrounding the token.
However, if POPCAT loses the $1.74 support level, it could drop to $1.49. Such a decline would weaken the hopes for other new highs and potentially dampen the momentum of the Solana-based meme coin.
