The crypto market is currently facing strong volatility as 2024 is about to end. Bitcoin has not yet been able to regain the $100,000 support level, and this has raised some doubts among investors.
However, the following three Tokens have continued to outperform and set new ATHs today.
The price of Bitget Token (BGB) has surged 25% in the past 24 hours, reaching a new ATH of $5.39. This strong increase has made the altcoin one of the most prominent projects, attracting the attention of investors. The price momentum has made BGB a top contender for continued growth in the current market environment.
Maintaining support above $4.12 is crucial for BGB to maintain its upward trajectory. This level serves as a foundation for further growth, with analysts predicting that holding above this zone could help the altcoin reach new highs.
However, a drop below $4.12 could signal downward pressure, potentially pushing BGB down to $3.06. This decline would erase all recent gains and also dampen investor optimism about new ATHs in the future.
Another Token that reached a new ATH today is GateToken (GT), with the price touching $14.24, driven by strong support at $13.45. This sudden surge reflects a bullish sentiment, with broader market conditions contributing to the upward momentum.
Maintaining the price above the $13.45 support level is crucial for GT to continue its upward trajectory. If this level is held, the altcoin could gain enough momentum to target $15, a significant milestone that would signal investor confidence and sustained market demand for GT.
However, failing to maintain the $13.45 support could lead to a pullback. In this case, the price of GT could retrace to $12.85 or lower. Such a move would invalidate the current bullish outlook and highlight the risks of market volatility.
The price of AI16Z has increased by 46% in the past 24 hours, reaching a new ATH of $0.976 before settling around $0.897. This price surge highlights investor interest and marks a breakthrough for this altcoin. The price action of AI16Z suggests the potential for continued short-term growth.
The price increase has helped AI16Z break above the $0.832 resistance level, a barrier that had been constraining the token's growth for nearly two weeks. This breakout has shifted market sentiment, paving the way for further growth.
However, if AI16Z fails to maintain the price above $0.832, it risks sliding back to $0.571. Such a price decline would negate the current bullish outlook and could potentially reverse the optimistic investor sentiment.
Closely monitoring the support and resistance levels will be key to assessing the next moves of AI16Z in this volatile market.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making investment decisions. We are not responsible for your investment decisions.
Viet Cuong
According to BeInCrypto
