2 Altcoins That Reached All-Time Highs Today — January 24

by

Ah, the crypto market! A place where fortunes are made and lost faster than you can say “blockchain.” After a week that felt like a rollercoaster designed by a sadistic engineer, we’re seeing a glimmer of hope. Yes, folks, optimism is back in style, and it’s bringing along a couple of altcoins that are strutting their stuff like they just won the lottery.

BeInCrypto has unearthed two tokens that have decided to throw caution to the wind and achieve new all-time highs (ATH) while the rest of the market is still trying to find its footing. Talk about a bold move!

GateToken (GT)

First up, we have GateToken, or GT for those who prefer brevity. This little gem reached a dazzling all-time high of $23.43 in the last 24 hours before doing a slight retreat to $23.39. It’s like watching a toddler take their first steps—adorable yet slightly nerve-wracking. Traders are now glued to their screens, hoping GT can keep its balance and not faceplant back to earth.

What’s fueling this week-long rally, you ask? A 6.7% increase in just one day! It’s like GT found a secret stash of energy drinks. With a solid support level at $19.89, if GT keeps this up, it might just attract the attention of both retail and institutional investors. Who wouldn’t want a piece of that action?

But hold your horses! There’s a catch. Profit-taking could rear its ugly head, and if a wave of sell-offs occurs, GT might find itself back at its cozy support level of $19.89. It’s like a game of musical chairs, and nobody wants to be the last one standing.

WhiteBIT Coin (WBT)

Next on our list is WhiteBIT Coin, or WBT, which recently hit a new all-time high during intra-day trading, reaching a staggering $28.76 before taking a slight dip to $28.16. It’s like watching a high jumper clear the bar, only to trip on the landing. This surge is a testament to WBT’s resilience in a market that’s about as stable as a one-legged man in a butt-kicking contest.

Currently, WBT is holding strong above its key support at $27.88. If it can bounce back from this level, we might just see it soar past $28.76, setting a new record high. But let’s not get ahead of ourselves; sustained buying pressure and favorable market conditions are essential for this bullish dream to come true.

However, if WBT loses that critical $27.88 support, it could tumble down to $27.07. And just like that, the bullish outlook would be tossed out the window, leaving behind a trail of disappointed investors.

Read More

2025-01-24 15:15