The cryptocurrency market is showing an upward trend again, with several tokens rising over the past few days and weekend. This raises questions about whether some of these tokens have approached their all-time highs (ATH).
Therefore, BeInCrypto analyzed three altcoins that could reach new all-time highs if the market continues to maintain its upward momentum this week.
LEO Token (LEO)
The LEO price has risen 9.7% over the past week and is currently trading at $9.29. LEO's all-time high (ATH) is $10.14, which is 9.07% higher than the current price. If market conditions remain favorable, LEO could reach or exceed this level and set a new ATH.
LEO's Relative Strength Index (RSI) is currently above the neutral point and in the upward momentum area. This indicates that the altcoin still has upward momentum before reaching the overbought threshold. As long as the RSI remains in this range, LEO is prepared for additional price increases, and if it can break through $9.45 and $9.80 first, it has the potential to reach an ATH above $10.14.
However, if the overall market sentiment turns bearish, LEO may struggle to break through the $9.45 resistance level. Failure to break this resistance could cause the price to drop to $8.94 or $8.65, which would invalidate the current upward outlook.
Hyperliquid (HYPE)
HYPE has shown significant growth over a short period and has become a potential candidate for forming 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 exceed its previous peak.
To reach this price target, strong investor support is necessary. If the altcoin can break through the $36.47 resistance level and convert it to support, we could see a surge to the ATH of $42.25. Crossing this level would open the way for additional increases and a new price record.
However, if investor sentiment turns bearish before breaking $36.47, HYPE could face downward pressure. Failing to overcome this resistance could cause it to drop back to $31.26, which would invalidate the upward outlook. Such a decline suggests additional price increases would be difficult in the short term.
KET (KET)
KET is one of the few meme coins that has quickly recovered from previous losses, showing remarkable resilience. Currently trading at $0.53, it is 16.5% away from its all-time high (ATH) of $0.62. Positive momentum could push it to reach this important price level.
The $0.56 resistance is currently blocking KET's further increase. If the altcoin can break through this level and convert it to support, it could open the way to rise to its all-time high of $0.62 or higher. This breakthrough is essential to maintaining upward momentum.
However, if the current 5.6% decline continues or investors begin to sell, KET's price could drop to $0.50 or lower. Such a decline would invalidate the upward outlook and suggest the potential for further coin losses.
