The crypto market has fluctuated between bullish and bearish feelings throughout the past week. As July ends, the clear trend remains elusive. Some altcoins struggle to gain traction, while others have already reached new all-time highs.
Beincrypto has analyzed three such altcoins that could reach new all-time highs in the coming days.
Sky Protocol (Sky)
Sky is currently trading at $0.0994, just 6% off the all-time high (ATH) of $0.1054. Investors have been eagerly waiting for this level for over seven months. Altcoin shows signs of upward momentum, with ATH within reach as the current trend continues.
The bullish sentiment of the wider market supports the hope that Sky will soon reach its ATH. If Altcoin can successfully invert $0.1000 to a strong support level, it could possibly surge to an ATH of $0.1054, further promoting investor optimism beyond this price.
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Meanwhile, Sky could face sales pressure as investors start to acquire cash on profits. This could result in a pullback to $0.0920. If support at this level is not retained, it can disable bullish outlook and cause a deeper decline.
High lipids (hype)
The hype has shown some stability over the last few days after dropping to $42. Altcoin is currently trading at $44, about 12% off the $49 record high (ATH). This recovery shows growth potential if the broader market remains favorable.
For the hype to reach the ATH, you must first turn $46 into a strong support level. Performance in the wider market plays a key role in this. If the hype keeps upward momentum and can secure $46, then the ATH rise is within reach.
However, if the hype fails to secure $46 and faces sales pressure, you could potentially return to support under $42. Such a drop could negate Altcoin’s bullish outlook and lead to further declines in prices.
Saros (Saros)
Saros Price is currently at $0.357 and shows upward momentum after bouncing back support at $0.341. Altcoin is about 20% off the $0.427 from its all-time high (ATH). This suggests that Saros has more potential for profit if the current trend continues.
During the uptrend, Saros historically rose 10-12% within a day. Given the current market situation, Altcoin could reach an ATH of $0.427 if Saros can secure $0.399 in support.
However, if sales pressure increases and Saros falls below support at $0.341, the price could drop to $0.293. Such a decline would negate bullish papers, suggest a deeper downtrend, and reverse recent profits.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
