Three Cryptocurrencies That Hit All-Time High on December 3
Despite the slow crypto market with Bitcoin near the $96,000 mark, certain altcoins are starting to make some major moves. Of those, Tron (TRX), Ondo (ONDO), and Kaia (KAIA) have seemed to record new all-time highs (ATHs) to show strong investor confidence. Here is a recap of their performance and outlook moving forward.
1. Tron
Current Price: $0.228
New ATH: $0.235 (first in almost seven years)
24-Hour Growth:
10% Tron is riding the bullish wave, recording its first ATH since January 2018. Strong support at 0.204 might mean that TRX is bound for further climbs with buying pressure still there.
Bullish Scenario: TRX holds support and continues a climb.
Bearish Risk: A critical break under 0.204 might send it down.
2. ONDO
Current Price: $1.794
New ATH: $1.794 (first in six months)
24-Hour Growth: 40%
The ONDO token has caught the attention of traders and investors. If holders don’t engage in any sell-offs, ONDO might set its sights on the $2.00 mark.
Key Support: 1.485
Bullish Scenario: Market momentum stays strong and maintains the rally.
Bearish Risk: A fall below 1.485 might send prices toward a fall to around 1.243, making the bullish outlook weaker.
3. KAIA
Current Price: $0.422
New ATH: $0.422
24-Hour Growth: 75%
Kaia has emerged as a superstar with a massive price jump. It will depend on the broader stance of the market.
Key Support: $0.329
Bullish Scenario: A strong crypto market to fuel KAIA further.
Bearish Risk: A fall below $0.329 could trigger sell-offs that pull KAIA under the $0.300 mark.
Conclusion
Though seeing impressive growth, the fates of these coins remain tied to market sentiment and support levels in the near future. Investors should monitor key support and resistance zones to help ascertain any potential risks and rewards.
