Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
3 Altcoins That Reached All-Time Highs Today — January 7

3 Altcoins That Reached All-Time Highs Today — January 7

BeInCryptoBeInCrypto2025/01/07 06:00
By:Aaryamann Shrivastava

These three crypto tokens reached new all-time highs today, driven by Bitcoin’s recovery. Can they sustain momentum or risk corrections?

Bitcoin’s recovery past $100,000 has sparked a significant uptick across several altcoins, with the impact evident in their fresh all-time highs. However, the potential for profit-taking among investors raises concerns, as such actions could lead to price corrections for these cryptocurrencies.

BeInCrypto has analyzed three crypto tokens that achieved a new all-time high (ATH) today and examined their future potential.

Fasttoken (FTN)

FTN price reached a new all-time high of $3.66 during intra-day trading before slightly retreating to $3.60. This milestone marks another significant step in the altcoin’s recent upward trend, drawing attention from investors seeking growth opportunities.

The continuation of FTN’s uptrend appears likely as long as the cryptocurrency maintains support above $3.50. Sustaining this level could create a foundation for further gains, driven by strong investor sentiment and favorable market conditions.

3 Altcoins That Reached All-Time Highs Today — January 7 image 0FTN Price Analysis. Source:  TradingView

However, if FTN holders decide to sell, the altcoin may experience a decline. A drop to test the support at $3.24 could occur, which would invalidate the bullish outlook and signal a potential reversal.

Gate (GT)

Another crypto token, GT’s price achieved a new all-time high of $18.59 today, continuing its impressive streak. The steady upward trend has helped the altcoin avoid significant volatility, reflecting stability in its growth trajectory.

The next milestone for GT is reaching $20.00, a psychological and technical target. This move, however, requires the current bullish momentum to remain strong, supported by consistent investor interest and favorable market conditions.

3 Altcoins That Reached All-Time Highs Today — January 7 image 1GT Price Analysis. Source:  TradingView

If a drawdown occurs, GT could face a decline, potentially falling to test the support at $16.00. A breach of this critical level would invalidate the bullish outlook, signaling a potential reversal in the altcoin’s upward trend.

WhiteBIT Token (WBT)

WBT price surged by 6.5% over the last 24 hours, forming a new all-time high of $27.25. This marks the second ATH in just two days, reflecting strong investor optimism and market momentum.

Escaping the consolidation range between $25.13 and $24.25, WBT has maintained a strong uptrend. If this momentum persists, the altcoin could achieve even higher levels, bolstered by increased trading activity.

3 Altcoins That Reached All-Time Highs Today — January 7 image 2WBT Price Analysis. Source:  TradingView

However, if the upward momentum falters, WBT might drop to test the support at $26.00. A failure to hold this level could lead to further declines, potentially invalidating the current bullish outlook entirely.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!