The cryptocurrency market has been on a downward trend in February, with Bitcoin dropping below $80,000. This decline has also impacted altcoins, but there is still optimism among investors who foresee a potential market turnaround in March.

Here are four altcoins that BeInCrypto has analyzed, showing promise for reaching new all-time highs by the end of the next month:

MANTRA (OM)

OM has been steadily rising in the past few weeks, currently priced at $7.32. Despite the recent market dip, OM has shown strength by holding above key levels. Investors are hopeful that the altcoin could sustain its upward movement if market conditions improve.

OM is close to its all-time high of $9.17 achieved last week, needing a 25% surge to reach that level again. With its recent performance, OM has the potential to break through and set a new all-time high if momentum continues.

Gate (GT)

GT reached an all-time high of $25.96 in January but has since been on a downward trend. Trading at $20.05 currently, GT would need close to a 30% increase to reach its previous peak. Breaking through the key resistance at $23.18 could pave the way for a strong rally, signaling further bullish potential.

Sonic (S) – Formerly Fantom (FTM)

After rebranding in January, Sonic is currently priced at $0.63, down from its all-time high of $0.99. To regain its peak, a 55% rally would be required, which could happen with improved market conditions and increased investor interest.

XRP

XRP is trading at $2.00, significantly below its all-time high of $3.40. To reach that peak again, XRP would need a 70% increase. With support at $1.94, a bounce back could lead XRP towards $2.33 resistance and eventually to $2.70, critical levels for a potential new all-time high.

Despite recent market challenges, these altcoins show promise for significant growth if they can maintain support levels and capitalise on positive market conditions. Investors are watching closely for any potential rallies and new all-time highs in the coming weeks.