3 Altcoins Set New Peaks January 17: Cryptocurrencies Accelerate

Bitcoin successfully broke through the $100,000 support level, many altcoins have skyrocketed on the daily chart. This benefited several altcoins as they reached new highs thanks to the uptrend.

TinTucBitcoin analyzed three cryptocurrency tokens that hit new all-time highs (ATHs) today and their predictions for the future.

Meow (MEOW)

MEOW has been one of the best performing altcoins, up 64% in the past 24 hours. This impressive rally pushed the price from under $0.0050 to $0.0077, making it stand out in the market.

During this rally, MEOW also hit a new all-time high at $0.0077, marking its 5th ATH in the past week. If this uptrend continues, Meme Coin could reach $0.0100, further strengthening its bullish momentum.

However, unexpected profit-taking by investors could trigger a correction. If this happens, MEOW could fall to $0.0050, crushing the bullish outlook and wiping out recent gains.

Gate (GT)

GT prices rose 9.5% this week, hitting a new all-time high (ATH) at $19.89. This record-breaking uptrend underscores strong investor confidence and increased demand for this altcoin.

If the bullish momentum continues, GT could take $20.00 as support. Success in this would pave the way for a further rally to $25.00, reinforcing its bullish trajectory.

However, a potential reversal could break this trend. In that case, GT could fall back to $18.12, negating the bullish outlook and erasing recent gains.

Morpho (MORPHO)

MORPHO price has increased 31% in the last 24 hours, reaching 4.00 USD. This impressive rally helped the altcoin reach a new ATH at $4.13, signaling strong momentum in the market and growing investor interest.

If the uptrend continues, MORPHO could break new ATHs in the coming days, driven by rising demand and favorable market conditions. Maintaining momentum above current support levels will be key to maintaining the bullish trajectory.

However, profit-taking by investors is a significant risk. If selling pressure increases, MORPHO could lose key support at $3.58, leading to a potential drop to $2.26, which would negate the bullish outlook and reverse recent gains.