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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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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