Bitcoin took a hit over the weekend as the US attacked Iran amidst the Israel-Iran conflict. This led to widespread losses and rising concern about a large-scale conflict breaking out among nations. But even as BTC fell, other altcoins succeeded.
BeInCrypto has analysed three such altcoins which fought the bearish market conditions and are aiming at forming new all-time highs.
Hyperliquid (HYPE)
HYPE is currently priced at $35.8, 29% away from its all-time high of $45.8. Trading just under the $36.4 resistance, the altcoin is poised to attempt a move toward $40.1. Investors are watching closely, as breaking this level could signal further gains in the near term for HYPE.
Successfully flipping and securing $40.1 as support is crucial for HYPE to continue its upward momentum. If this resistance is breached, the altcoin could set its sights on surpassing its all-time high of $45.8. Achieving this would mark a new ATH and strengthen the bullish outlook for HYPE.
However, the Parabolic SAR indicator, which is positioned above the candlesticks, suggests a potential downtrend. If HYPE fails to breach $36.4, it could reverse and decline to $31.2, invalidating the current bullish thesis. A sustained downtrend would signal a loss of momentum, potentially leading to further declines for HYPE.
Saros (SAROS)
SAROS has risen by 5.5% over the past 24 hours, currently trading at $0.218. The altcoin is now about 8.7% away from its all-time high (ATH) of $0.237. This upward movement suggests that SAROS may be positioning itself for another push toward new highs in the near future.
The current ATH of $0.237 was achieved two weeks ago, followed by a pullback to $0.200. As SAROS continues to recover, it is likely to reach the ATH of $0.237 resistance again. A successful breach of this level could push the altcoin even higher; signaling continued bullish momentum.
However, if selling pressure increases, the uptrend could reverse. In this case, SAROS might fall to the $0.211 support or even lower to $0.200. A drop below this level would signal a weakening of the bullish outlook and potentially lead to further declines.
WhiteBit Coin (WBT)
WBT made waves in mid-June, rising by 62.8% within five days. Since then, the altcoin has maintained its position above the support level of $47.89. Investors are hopeful that WBT can continue its upward trajectory, with key technical levels providing critical support for further growth.
During its 62% rise, WBT formed a new all-time high (ATH) of $56.49, reaching an intra-day peak. The altcoin is currently 17% away from its ATH, and a return to this level is possible if broader market conditions improve. Continued momentum could push WBT toward new highs in the near future.
However, worsening geopolitical tensions could negatively impact WBT’s price. If market sentiment shifts, WBT may fall below the $47.89 support level and drop to $39.46. A break below this key support would invalidate the current bullish outlook and signal further downside risks for the altcoin.
Disclaimer
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