The crypto market is regaining bullish momentum, with several tokens showing gains over the past few days and the weekend. This raises the question of whether any of these tokens are nearing a new all-time high (ATH).
Thus, BeInCrypto has analyzed three altcoins that could potentially reach a new all-time high, assuming the broader market remains bullish this week.
Leo Token (LEO)
LEO price has risen by 9.7% over the past week, currently trading at $9.29. The all-time high (ATH) for LEO is $10.14, just 9.07% above the current price. If market conditions remain favorable, LEO could push toward this level or even surpass it, marking a potential new ATH.
The Relative Strength Index (RSI) for LEO is currently in the bullish zone, above the neutral mark. This indicates that there is still room for upward momentum before the altcoin reaches the overbought threshold. As long as the RSI stays within this range, LEO could be primed for further price gains, potentially reaching the ATH of $10.14 or higher, provided it can breach $9.45 and $9.80 first.
However, if broader market conditions shift toward bearish sentiment, LEO could struggle to break through the $9.45 resistance level. A failure to breach this resistance could lead to a pullback, bringing the price down to $8.94 or $8.65. Such a drop would invalidate the current bullish outlook for LEO.
Hyperliquid (HYPE)
HYPE has shown significant gains in a short period, positioning it as a potential candidate to form a new all-time high (ATH). Currently trading at $34.90, it is 20.86% away from its ATH of $42.25. If market conditions remain favorable, HYPE could be on track to surpass its previous high.
To reach this price target, HYPE would need strong support from investors. If the altcoin can breach and flip the $36.47 resistance level into support, it could see a surge toward the ATH of $42.25. A break above this level would pave the way for further gains and new price records.
However, if investor sentiment turns bearish before $36.47 is broken, HYPE may face downward pressure. A failure to overcome this resistance could lead to a drop back to $31.26, invalidating the bullish outlook. A decline to this level would signal that further price increases are unlikely in the near term.
Ket (KET)
KET has quickly regained its profits from earlier losses, making it one of the few meme coins to show this level of resilience. Currently trading at $0.53, KET is 16.5% away from its all-time high (ATH) of $0.62. Positive momentum could push it toward reaching this key price level.
The $0.56 resistance is currently preventing KET from making further gains. If the altcoin can breach this level and flip it into support, it could pave the way for a rise to its all-time high of $0.62 or beyond. This breakthrough is essential for sustaining upward momentum.
However, if the current 5.6% drop continues or investors start selling, KET’s price could fall to $0.50 or lower. A decline to this level would invalidate the bullish outlook, signaling potential further losses for the coin.
The post 3 Altcoins That Could Hit All-Time Highs In The Second Week Of June appeared first on BeInCrypto.
