In late January, the cryptocurrency market experienced increased volatility, particularly in the altcoin sector. Despite the fluctuations, a select few altcoins defied the market conditions and reached new all-time highs. BeInCrypto has identified three standout crypto tokens that have shown impressive performances during this period.
MANTRA (OM):
OM witnessed a remarkable 45% price surge in the past 24 hours, breaking out of a consolidation phase that lasted for two months. This surge propelled OM to establish a new all-time high at $5.10, signaling renewed investor interest. The current price stands at $4.59, with efforts to solidify $4.27 as a support level crucial for maintaining its bullish momentum and sustaining upward movement.
Toshi (TOSHI):
TOSHI saw an astonishing 157% surge in the last 24 hours, reaching a new all-time high of $0.00211. This surge was fueled by the establishment of a support level at $0.00057, highlighting strong short-term momentum and investor interest. To continue its upward trend, TOSHI needs to secure a support level at $0.00100 to sustain price increases and investor confidence.
Vine (VINE):
VINE experienced an impressive 237% surge, achieving a new all-time high of $0.487. This surge was accompanied by the establishment of a short-term support level at $0.349. To sustain its upward momentum, VINE must breach the $0.487 resistance and turn it into a support level, potentially aiming for $1.000. However, a failure to maintain the support at $0.349 could lead to a decline, erasing recent gains and invalidating the bullish outlook.
In conclusion, these three cryptocurrencies have shown resilience and strong performance amidst market volatility, setting new all-time highs. Establishing and maintaining support levels will be crucial for their continued success in the coming weeks.