The cryptocurrency market is regaining its bullish momentum, with many tokens showing gains over the past few days and the weekend. This raises the question of whether any of these tokens is approaching a new all-time high.
Thus, BeInCrypto has analyzed three altcoins that could reach a new all-time high, assuming the broader market remains bullish this week.
LEO Token (#LEO )
LEO's price has increased by 9.7% over the past week and is currently trading at $9.29. LEO's all-time high is $10.14, which is only 9.07% higher than the current price. If market conditions remain favorable, LEO could be pushed toward this level or even surpass it, indicating a potential new all-time high.
LEO's Relative Strength Index (RSI) is currently in the bullish zone, above the neutral mark. This indicates that there is still room for bullish momentum before the altcoin reaches overbought territory. As long as the RSI remains within this range, LEO could be poised for further price gains, potentially reaching the all-time high of $10.14 or higher, provided it can first break through $9.45 and $9.80.
LEO Price Analysis.
However, if broader market conditions shift towards bearish sentiment, LEO may struggle to break through the resistance level of $9.45. Failure to breach this resistance could lead to a pullback, resulting in a price drop to $8.94 or $8.65. Such a decline would invalidate LEO's current bullish outlook.
Hyperliquid (#HYPE )
HYPE has shown significant gains in a short period, making it a potential candidate for forming a new all-time high. It is currently trading at $34.90, which is 20.86% lower than its all-time high of $42.25. If market conditions remain favorable, HYPE may be on its way to surpassing its previous peak.
To reach this price target, HYPE will need strong support from investors. If the altcoin can break through and flip the resistance level of $36.47 to support, it may see a rise toward the all-time high of $42.25. A breakout above this level would pave the way for further gains and new price records.
HYPE Price Analysis.
However, if investor sentiment shifts to bearish before breaking $36.47, HYPE may face downward pressure. Failure to overcome this resistance could lead to a drop back to $31.26, invalidating the bullish outlook. A decline to this level would indicate that further price increases are unlikely in the near term.
KET (#KET )
KET quickly recovered its gains from previous losses, making it one of the few cryptocurrencies showing this level of resilience. It is currently trading at $0.53, which is 16.5% lower than its all-time high of $0.62. Positive momentum could push it toward reaching this key price level.
The resistance level of $0.56 is currently preventing KET from achieving further gains. If the altcoin can break through this level and flip it to support, it could pave the way for a rise to its all-time high of $0.62 or higher. This breakout is essential to maintain the bullish momentum.
KET Price Analysis.
However, if the current decline of 5.6% continues or if investors start selling, KET's price could drop to $0.50 or lower. A drop to this level would invalidate the bullish outlook, indicating the possibility of further losses for the coin.
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