The crypto market experienced significant volatility this week as Bitcoin surged to $107,000. This movement caused some altcoins to face drawdowns while others emerged as top performers, delivering impressive profits to investors.
BeInCrypto has identified three standout altcoins that ranked among the week’s biggest gainers and explores what investors can anticipate next.
GateToken (GT)
GT has seen a 23% rise this week, reaching a new all-time high of $25.96 during the latest intra-day session. This consistent upward momentum has captured investor attention, positioning the altcoin as one of the top-performing altcoins in the current market.
Despite occasional bearish market cues, GT has yet to experience a sharp correction. This resilience reflects strong investor confidence and a bullish sentiment surrounding the token. If this momentum continues, GT could extend its rally and achieve further milestones in the coming days.
However, significant profit-taking could lead to a decline, with the altcoin testing critical support at $19.89. A drop below this level could invalidate the bullish outlook and signal increased bearish pressure.
KuCoin Token (KCS)
KCS experienced a 16% rise this week, with most of the gains occurring in the last 72 hours. The altcoin is currently trading at $13.12, reflecting growing investor interest and strong upward momentum as it seeks to sustain its recent rally.
The altcoin recently breached the $13.74 resistance level after establishing solid support at $12.47. If the bullish momentum persists, KCS could close above this barrier, paving the way for further gains.
However, a drop from the current price below $12.47 could trigger a decline to $11.52. Such a move would invalidate the bullish outlook, erasing recent gains and signaling potential bearish sentiment.
OFFICIAL TRUMP (TRUMP)
TRUMP has solidified its position as one of the week’s top-performing and most trending tokens, recording an impressive 112% rise. This surge reflects strong investor interest, bolstered by market sentiment and the token’s recent developments, keeping it in the spotlight among meme coins.
Despite its overall growth, TRUMP has experienced some volatility and is currently attempting to regain the $30 support level. Flipping $34 into support could help the token recover recent losses and maintain its bullish trajectory. This move would signal renewed momentum, encouraging further investment in the token.
However, trading at $27.46, TRUMP faces risks of falling further. If it loses the critical support at $26.09, the token could drop to $21.04. Such a decline would invalidate the bullish outlook, raising concerns about sustained bearish momentum.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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Aaryamann Shrivastava
https://beincrypto.com/altcoin-gainers-fourth-week-of-january-2025/
2025-01-25 23:45:00
