The crypto market is expected to benefit from Bitcoin's latest all-time high (ATH). As Bitcoin surpasses the $123,000 mark and approaches $124,000, some altcoins may also take advantage of this upward momentum to break out.

The article has identified 3 altcoins with a high likelihood of establishing new ATHs in the upcoming week.

Useless (USELESS)

Currently, Useless (USELESS) is only about 15% away from its historical peak of $0.334 while still stabilizing above the support level of $0.222. Despite the sideways price movement, recent price action indicates that this altcoin is preparing for the next upward move.

USELESS has recently cooled down after entering the overbought region. However, the Relative Strength Index (RSI) remains in the positive zone, indicating that market sentiment supports the upward trend. If it maintains this momentum, USELESS could very well surpass the level of $0.338 to establish a new peak near $0.4, continuing the upward trend in the coming days.

However, if the broader market turns negative, USELESS may face strong selling pressure. Breaking the support level of $0.222 is a signal of weakening momentum forming, with the risk of dropping to $0.182. This would negate the current upward trend and invalidate the positive outlook for this altcoin.

SPX6900 (SPX)

Currently, SPX6900 (SPX) is approaching the ATH of $1.77, needing to increase an additional 7.7% in the coming days to reach that milestone. Thus, this memecoin becomes one of the altcoins closest to its ATH, making investors eagerly await a potential breakout.

The Parabolic SAR indicator is below the price candles, indicating a bullish trend is forming for SPX. This technical signal suggests it may hold the level of $1.55 as support and continue to rise to $1.77. If the upward trend is maintained, SPX could very well surpass its ATH, attracting further buying pressure from the market.

However, if SPX faces selling pressure, the price will struggle to maintain its current level. At that point, this altcoin may drop to the short-term support area at $1.42. If it continues to break below the support level, SPX risks plummeting to $1.25, invalidating the upward trend and signaling the risk of a deeper decline.

Saros (SAROS)

Currently, SAROS is trading at $0.252, just about 4% away from the ATH of $0.265. This altcoin is nearing a significant resistance area, and investors are closely watching for a potential breakout. If the price rises strongly, SAROS may confirm the upward momentum and continue to expand the upward trend.

The price is expected to soon surpass the ATH set last week, as the Ichimoku Cloud indicator signals bullish momentum. This technical indicator suggests that the market is ready for the next growth phase, which could push SAROS up to $0.275 or higher.

However, if SAROS faces downward pressure from the broader market, the price may reverse. In a negative scenario, the altcoin could drop to the support area of $0.244. If this support level is broken, the price could continue to plummet to $0.232. A reversal would negate most of the recent gains, highlighting the risks investors need to be aware of.