3 Altcoins Poised to Hit All-Time Highs This Week (September 2024)
- Why Are These Altcoins Gaining Momentum?
- Ethereum (ETH): The King of Altcoins Eyes New Peaks
- Mantle (MNT): The Dark Horse Charging Toward ATH
- Story (IP): The Underdog with Upside Potential
- Final Thoughts
- FAQs
The crypto market is buzzing as three altcoins—Ethereum (ETH), Mantle (MNT), and Story (IP)—show strong potential to reclaim or surpass their all-time highs this week. With bullish technical indicators and renewed investor interest, these assets are on the radar for traders looking for short-term opportunities. Below, we break down their price action, key levels to watch, and potential risks. Buckle up—it’s going to be an exciting week!
Why Are These Altcoins Gaining Momentum?
The crypto market is no stranger to volatility, but this week, three altcoins are standing out with their bullish setups. Ethereum, Mantle, and Story have all shown resilience and upward momentum, making them prime candidates for new all-time highs. Let’s dive into the details.
Ethereum (ETH): The King of Altcoins Eyes New Peaks
Ethereum is currently trading at $4,529, just 10% shy of its all-time high of $4,956. The asset recently tested resistance at $4,749 but faced a minor pullback. However, the Parabolic SAR indicator remains below the candlesticks, signaling a strong uptrend. If ETH can break past $4,749, a retest of $4,956 is highly likely.
That said, if ethereum fails to hold above $4,500, we could see a dip toward $4,331. A breakdown here might trigger a broader correction, so traders should keep an eye on these key levels.
Mantle (MNT): The Dark Horse Charging Toward ATH
Mantle is trading at $1.60, less than 10% away from its recent all-time high of $1.76. The token has maintained strong bullish momentum, with its ATH formed just 72 hours ago. If MNT breaks past $1.76, we could see a quick rally toward $1.80 or higher.
However, if the price drops below $1.47, the bullish narrative could collapse, leading to deeper losses. Traders should watch this support level closely.
Story (IP): The Underdog with Upside Potential
Story (IP) is currently 21.5% below its ATH of $11.84 but shows strong support at $9.58. A rebound from this level could propel IP toward $11.84, and a breakout might push it beyond $12.00.
On the flip side, if IP loses $9.58, it could slide toward $8.58, invalidating the bullish thesis. Profit-taking could be a risk here.
Final Thoughts
Ethereum, Mantle, and Story are all in prime position to make moves this week. While the setups look promising, always remember that crypto markets are unpredictable. Do your own research and manage risk accordingly.
FAQs
What is driving Ethereum's price upward?
Ethereum’s price is buoyed by strong technical indicators like the Parabolic SAR and renewed investor interest. A breakout above $4,749 could trigger a run toward its ATH.
Why is Mantle (MNT) gaining attention?
Mantle’s recent ATH and strong momentum make it a favorite for short-term traders. A break above $1.76 could accelerate gains.
Is Story (IP) a good buy now?
IP has solid support at $9.58, but traders should watch for a breakout above $11.84 to confirm bullish momentum.
