3 Altcoins Eyeing Potential All-Time Highs This Week
•Market Analysis
The crypto market's positive momentum is pushing multiple tokens toward new peaks. Here's a look at three altcoins with the potential to hit all-time highs soon.
XRP
XRP recently hit a six-month high of $3.66. After a minor dip, it's now trading just 3.2% below its all-time high, indicating strong investor confidence. The exponential moving averages form a bullish Golden Cross, acting as dynamic support. A breakout above $3.66 could propel XRP towards $3.80, setting a new record. However, profit-taking could lead to a price drop below the $3.38 support level. A fall to $3.00 would negate the bullish outlook.BNB
BNB is currently trading at $761, just 4% below its all-time high of $793. The Parabolic SAR indicator below the candlesticks signals strong bullish momentum. To confirm the breakout, the altcoin must first secure $741 as a stable support. If this uptrend continues, BNB could surpass $793 and reach $810, establishing a new all-time high. However, failure to hold the $741 support could lead to a decline to $700, invalidating the bullish outlook.Hyperliquid (HYPE)
HYPE is aiming for a new all-time high, provided it establishes $46.94 as solid support. Currently trading at $46.89, HYPE is just over 6% away from its all-time high of $49.87, recorded last week. The Ichimoku Cloud forming below the candlesticks indicates growing bullish strength. Maintaining the $46.94 support level could pave the way for HYPE to surpass $50.00. Conversely, failure to establish this support could lead to a correction towards $42.30, reducing investor confidence.Disclaimer: This analysis is for informational purposes only and not financial advice. Cryptocurrency investments are risky. Conduct thorough research and consult a financial advisor before making decisions.
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