The cryptocurrency market is gradually recovering, with some small coins seeing sharp increases. Bitcoin has not yet started a major recovery rally, but several altcoins have seized the opportunity to rise.
BeInCrypto has analyzed three notable cryptocurrency tokens that have set new all-time highs (ATHs) today, boosting investor returns.
SPX6900 (SPX)
SPX has set a new ATH of $1.23, rising 30% in the past 24 hours. It is currently trading at $1.21, and the altcoin's strong performance highlights investor interest and the potential for short-term further growth.
This surge came after SPX secured $0.91 as a support level earlier this week. If investors maintain their positions and refrain from selling, this altcoin can maintain its upward momentum and potentially reach a new ATH in the next few days.
However, if SPX holders start selling, the price could drop below $1.00. Further decline to $0.91 would invalidate the bullish outlook and raise concerns about sustained profitability. Maintaining key support levels is crucial to maintain market confidence.
Gigachad (GIGA)
GIGA has set a new ATH of $0.089, rising 16% in the past 24 hours. This is the second ATH this week, demonstrating the impressive momentum and strong investor interest in meme coins.
If it finds support at $0.081, a successful rebound could sustain GIGA's uptrend. Breaking above higher prices, the meme coin could reach the $0.100 milestone, further strengthening the bullish outlook and providing notable gains for holders.
However, losing the $0.081 support could lead to a drop to $0.064, invalidating the bullish outlook and wiping out a significant portion of recent gains, emphasizing the importance of maintaining key levels for stability.
Gate Token (GT)
Another cryptocurrency token that has set a new ATH is GT, which rebounded from the $16.00 support level earlier this week to reach $17.74. This surge highlights the altcoin's strong upward momentum, attracting investor attention and delivering notable performance in the market.
If GT maintains its uptrend, the altcoin could continue setting new records and reach $18.00, strengthening investor confidence and firmly positioning GT as a promising asset in the current cryptocurrency market.
However, if a decline occurs, GT could retrace to $16.00, providing an opportunity for a rebound and potential recovery. Failure to maintain this crucial support level would invalidate the bullish outlook and raise concerns about further price adjustments.
