The cryptocurrency market has been thriving as of late, with altcoins surging to new heights alongside Bitcoin's attempt at breaking out of consolidation. BeInCrypto has identified three crypto tokens that achieved new all-time highs today and analyzed their potential future direction.

Sonic (S) – Formerly known as Fantom (FTM)

Sonic experienced a 33% price surge in the last 24 hours, hitting a new all-time high of $0.99 before settling at $0.94. The bullish trend in Sonic's performance could continue if key support levels remain strong and positive momentum persists in the broader crypto market. With recent steady growth, Sonic is eyeing $1.00 as its next target, provided that it maintains the crucial support at $0.81.

Meanwhile, MANTRA (OM) has also seen a new all-time high of $8.46, currently trading at $7.85. Establishing $7.74 as a key support level is essential for OM's upward trajectory, potentially leading the token towards $9.00 if this support holds. Failure to maintain this support could result in a price drop to $7.20, signaling a bearish turn for OM.

Lastly, Story (IP) saw a remarkable surge, reaching an all-time high of $8.99 after a week-long rally. The altcoin is now aiming to secure $5.69 as a crucial support level to sustain its positive momentum. If successful, IP could surpass $9.00 and continue on its bullish path. However, a failure to hold the $5.69 support could lead to a price decline to $3.23, undoing recent gains and causing potential losses for investors.

Overall, the altcoin market continues to show promising growth, with these tokens demonstrating strong potential for further price appreciation. Stay tuned for more updates on the exciting developments in the crypto space.