3 Cryptocurrencies That Reached All-Time Highs Today — December 4

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As a seasoned crypto investor with a knack for spotting trends, I’ve witnessed my fair share of bull and bear markets. Today’s altcoin season has me intrigued, especially with three top tokens setting new all-time highs. The meteoric rise of BNB, Tron (TRX), and Leo Token (LEO) is a testament to the ever-evolving crypto market.

During this altcoin rally, many cryptocurrencies apart from Bitcoin are experiencing growth. In fact, two of the leading digital currencies among the top 15 have reached fresh record highs today, riding a robust wave of optimism.

BeInCrypto has analyzed these three crypto tokens, which formed new all-time highs, and what to expect from them going forward.

BNB 

BNB price surged by 18% in the past 24 hours, reaching $770 at the time of writing. The intra-day high of $779 set a new all-time high (ATH) for the altcoin. This price movement highlights strong bullish momentum and increasing market confidence in BNB’s future performance.

As a crypto investor, I’ve noticed that the all-time high (ATH) for BNB was achieved back in June at approximately $721. Currently, this level has taken on great importance as potential support. If BNB can hold this line, it may continue its bullish trend, reinforcing its standing within the market. The $721 mark serves as a crucial foundation for maintaining investor trust in the token.

Based on the current trend, BNB is likely to keep climbing and possibly reach new all-time highs. But if there’s a surge of selling and the price dips below the $721 support point, the positive outlook could be called into question. A dip under this level would indicate a change in investor sentiment, potentially leading to adjustments or corrections.

Tron (TRX)

Over the last day, Tron’s value skyrocketed by an impressive 77%, peaking at $0.39. Even with a minor setback of a 9.5% drop within the day, predictions suggest that this cryptocurrency will hold steady above $0.30 going forward.

Maintaining this level is crucial to keep up the positive trend for TRON. If TRON manages to stay above $0.30, it might carry on moving upwards.

During the recent price increase, Tron achieved a brand-new record high (peak) of $0.45. The next significant goal for this cryptocurrency is to solidify $0.50 as its support level. If Tron manages to stay above this point, it will suggest further expansion, potentially leading to additional gains in the upcoming days or weeks.

If the decline continues and TRX falls under the significant support level of $0.30, there might be a wave of sellers panicking. This situation could contradict the current optimistic forecast, potentially causing a change in market opinion. Therefore, it’s crucial for traders to keep a close eye on the support levels.

Leo Token (LEO)

LEO token recently reached a new all-time high (ATH) of $9.87 after a near 12% rise in the last 24 hours. This marks the second ATH for LEO in the past month, indicating strong market demand and bullish momentum. The token’s performance has attracted significant attention from investors.

It’s anticipated that LEO will keep profiting from the current altcoin boom, and its price might climb even higher. The altcoin has successfully preserved a significant support level at $8.86, which is vital for maintaining upward trends. As long as this support remains intact, LEO may potentially see further gains in the near future.

If LEO falls below the crucial $8.86 support, the optimistic trend might be at risk. Such a drop could trigger a steep descent, undoing the recent progress, and possibly indicating a change in investor attitudes.

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2024-12-04 14:26