2 Altcoins That Reached All-Time Highs Today — January 24

BeInCrypto has identified two crypto tokens that have achieved a new all-time high (ATH) despite the prevailing bearish-neutral market conditions.

GateToken (GT)

GT reached a new all-time high of $23.43 within the last 24 hours before slightly retreating to $23.39. This price action highlights strong momentum for the altcoin, with traders closely monitoring its ability to sustain gains NEAR these record levels.

The week-long rally was fueled by a 6.7% increase over the past day, supported by a solid floor at $19.89. If GT maintains its current trajectory, it could extend its uptrend, attracting further interest from both retail and institutional investors.

However, concerns over profit-taking remain a significant risk. A potential wave of sell-offs could push GT back to its established support level of $19.89, temporarily halting its bullish momentum and prompting caution among traders

WhiteBIT Coin (WBT)

WBT reached a new all-time high during intra-day trading over the last 24 hours, hitting $28.76 before retracing slightly to $28.16. This recent surge highlights the altcoin’s strong performance amid a volatile market.

Currently, WBT is holding firm above its key support at $27.88. A rebound from this level could propel the altcoin beyond $28.76, potentially setting a new record high. Sustained buying pressure and favorable market conditions will be crucial for this bullish scenario to materialize.

However, if WBT loses the critical $27.88 support, it could decline further to $27.07. This drop would invalidate the bullish outlook and may increase selling pressure.