The Crypto Market’s Bullish Momentum

The crypto market has been thriving, leading to altcoins hitting new highs. Bitcoin’s breakout is fueling this optimism.

BeInCrypto analyzed three altcoins achieving all-time highs today.

Sonic (S) – Formerly Fantom (FTM)

Sonic saw a 33% price surge in 24 hours, reaching $0.99 before stabilizing at $0.94. This reflects a strong bullish trend, likely to continue if key support levels hold.

After a challenging start, Sonic has been on the rise for 12 days, aiming to establish $0.81 as crucial support. If it holds, the altcoin could target $1.00. Conversely, if it dips below $0.81, it may face a downturn to $0.68, jeopardizing the bullish outlook.

MANTRA (OM)

OM reached an all-time high of $8.46, currently trading at $7.85. With strong bullish momentum, its upward movement is anticipated to persist.

Establishing $7.74 as support is vital for OM’s upward trajectory. Holding above this level could drive prices toward $9.00. If it drops below $7.74, it may revisit $7.20, signaling bearish conditions and possible trader losses.

Story (IP)

IP’s price is currently $4.78 after recently hitting an all-time high of $8.99, reflecting a remarkable 174% increase in a week.

Focusing on securing $5.69 as support is essential for IP’s price continuation. A stable hold above this can lead it back to $8.99, with possible breakout above $9.00. A failure to maintain this support may see prices declining to $3.23, negating bullish sentiments.