Three cryptocurrencies hit all-time highs today, and the altcoin market is booming. Despite a slowdown in its recent climb, Bitcoin’s bullish momentum is still driving gains for other tokens.
MANTRA (OM)
MANTRA (OM) hit a record $4.53 today, jumping 58% in the last 24 hours. Currently trading at $4.06, the token’s surge reflects growing investor interest and strong market demand.
The focus now shifts to OM’s ability to establish a solid support level. A stable support could sustain its rally and pave the way for more highs. However, profit-taking by investors might trigger a correction. If the price dips below $2.45, OM risks losing much of its recent momentum.
Non-Playable Coin (NPC)
NPC reached a new high of $0.067, climbing 30% in a single day. It’s now trading at $0.062, buoyed by robust market activity and growing confidence in its uptrend.
The rally began after NPC rebounded from a $0.038 support level last week. If the bullish momentum holds, more gains are possible. However, a slowdown could push the price back to $0.038, erasing recent growth and raising concerns about its stability.
Ponke (PONKE)
Ponke (PONKE) climbed to $0.757 during today’s trading session, breaking its previous record. The token is now trading at $0.712, maintaining strong investor interest despite some profit-taking.
For PONKE to continue its upward trajectory, it must hold the $0.661 support level. A rebound here could fuel another rally, but losing this support may cause the price to tumble to $0.604 or even $0.530, dampening its bullish outlook.
These three tokens showcase the continued dynamism in the altcoin market, drawing attention from traders and investors worldwide. Whether the uptrend sustains or corrections emerge remains to be seen.
