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Crypto News

3 altcoins that reached their highest levels today – January 26th

As January comes to a close, the fourth week brought increased volatility to the cryptocurrency market. Amid these fluctuations, several notable efforts have been made to secure gains. However, only a handful managed to weather the storm and make significant rallies, with a few even reaching all-time highs.

BeinCrypto has identified three notable crypto tokens that have defied market conditions and also set new all-time highs. Here’s a closer look at their performance and what might be in store for them next week.

mantra (om)

OM price is up 45% in the past 24 hours, breaking out of a two-month consolidation range of $4.27 to $3.47. This exciting increase sparked investor interest, pushing Altcoin past its last rider.

This momentum allowed OM to make a new all-time high (ATH) at $5.10, an important milestone for the cryptocurrency. Currently trading at $4.59, OM is seeking to consolidate $4.27 as a support floor. Doing so successfully can maintain its upward momentum and encourage further upward movement.

OM price analysis.
OM price analysis. source: TradingView

However, failure to establish $4.27 as support could see OM return to the previous consolidation range. A slippage below this level would hamper its ability to identify new ATH sentiment that is relieving investors.

Toshi (Toshi)

Toshi has seen a staggering 157% increase in the past 24 hours, hitting a new all-time high (ATH) of $0.00211. This rise follows the successful establishment of support for the cryptocurrency at $0.00057. The sharp increase highlights increased investor interest and market activity around the token, indicating strong near-term momentum.

To maintain its upward trajectory, Toshi must establish a strong support level at $0.00100. Securing this floor will provide a foundation for further price increases and maintain investor confidence.

Toshi price analysis
Toshi price analysis. source: TradingView

If investors start taking profits, Toshi could rebound towards the $0.00057 support level, erasing recent gains. This scenario would invalidate the bullish outlook and return the cryptocurrency to pre-hopping levels.

vine (vine)

Another one of the Trending Crypto Tokens, Vine is up an impressive 237%, hitting a new all-time high (ATH) of $0.487 during the intraday session. This significant rise was accompanied by the establishment of a short-term support level of $0.349.

For Vine to continue its upward trajectory, it must breach the $0.487 resistance to the support level. Doing so successfully could pave the way for the altcoin to cross $0.500 and potentially aim for $1,000.

Karma price analysis
Karma price analysis. source: TradingView

However, a reversal could lead to a decline in Vine’s value, pushing it below the crucial support of $0.349. If this happens, the altcoin could fall to $0.231, invalidating the bullish thesis and erasing recent gains.

Disclaimer

In keeping with Project Trust guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeinCrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult with a professional before making any financial decisions. Please note that the Terms and Conditions, Privacy Policy and Disclaimer have been updated.

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