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Cryptocurrency News Articles

WBT, GT, and SPX Chart New All-Time Highs, Signaling Renewed Investor Interest

Jan 06, 2025 at 07:00 pm

The crypto market is gradually recovering recent losses, showing steady, incremental growth. However, a few altcoins have outpaced this slow rise

WBT, GT, and SPX Chart New All-Time Highs, Signaling Renewed Investor Interest

A few altcoins have outpaced the slow rise of the crypto market, reaching new all-time highs (ATH). BeInCrypto has identified and analyzed three standout crypto tokens that have successfully charted a fresh ATH, maintaining strong bullish momentum and capturing investor interest.

WhiteBIT Coin (WBT) price climbed by 4.6% in the last 24 hours, reaching a new all-time high of $26.0 during intra-day trading today. This growth follows a breakout from its month-long consolidation range between $24.2 and $25.1. Holding above $25.1 is crucial for sustaining momentum, as it amplifies investor confidence and keeps the uptrend intact.

However, losing the $25.1 support level could push WBT down to $24.1, placing it back into consolidation. This would dampen the bullish outlook and delay the possibility of further growth.

Gate (GT) reached a new all-time high of $18.47 today, recording a 13% growth over the past week. This rally was fueled by a bounce off the critical support level of $16.00, showcasing strong investor confidence and bullish momentum.

Maintaining its position above $16.00 will be crucial for GT to sustain its upward trajectory. Even if investor selling triggers a minor price correction, holding this support level will keep the altcoin on track for recovery and potential further gains.

However, a drop below the $16.00 support could lead to a significant decline. Such a move would push GT down to $13.45, erasing recent gains and invalidating the bullish outlook completely.

SPX6900 (SPX) achieved a new all-time high of $1.56 today, marking a significant milestone. However, it slid slightly to trade at $1.50 following an impressive 16% rise over the past 24 hours, showcasing strong momentum in the altcoin’s price action.

The altcoin has been supported by a critical level at $1.23, which is likely to provide a cushion against potential profit-taking. This level’s resilience could help SPX maintain its bullish trajectory and encourage further growth in the coming days.

However, a drop below the $1.23 support could result in substantial losses for investors. Such a decline might push SPX down to test the $0.91 level, effectively invalidating the bullish thesis and erasing recent gains.

News source:beincrypto.com

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