2 Altcoins That Reached All-Time Highs Today — January 24

The crypto market is rebounding from a volatile week that saw sharp corrections and losses across many altcoins. However, renewed investor optimism is offering crucial support to select tokens that continue to perform strongly. 

BeInCrypto has identified two crypto tokens that have achieved a new all-time high (ATH) despite the prevailing bearish-neutral market conditions.

GateToken (GT)

GT reached a new all-time high of $23.43 within the last 24 hours before slightly retreating to $23.39. This price action highlights strong momentum for the altcoin, with traders closely monitoring its ability to sustain gains near these record levels.

The week-long rally was fueled by a 6.7% increase over the past day, supported by a solid floor at $19.89. If GT maintains its current trajectory, it could extend its uptrend, attracting further interest from both retail and institutional investors.

However, concerns over profit-taking remain a significant risk. A potential wave of sell-offs could push GT back to its established support level of $19.89, temporarily halting its bullish momentum and prompting caution among traders

WhiteBIT Coin (WBT)

WBT reached a new all-time high during intra-day trading over the last 24 hours, hitting $28.76 before retracing slightly to $28.16. This recent surge highlights the altcoin’s strong performance amid a volatile market.

Currently, WBT is holding firm above its key support at $27.88. A rebound from this level could propel the altcoin beyond $28.76, potentially setting a new record high. Sustained buying pressure and favorable market conditions will be crucial for this bullish scenario to materialize.

However, if WBT loses the critical $27.88 support, it could decline further to $27.07. This drop would invalidate the bullish outlook and may increase selling pressure.