The cryptocurrency market has shown signs of stabilization after a bullish start to September, giving altcoins the opportunity to gain momentum toward their all-time highs. As Bitcoin continues to maintain strength, its role as a catalyst is paving the way for several altcoins to extend their performances. In this article, we’ll highlight three altcoins—Ethereum (ETH), Mantle (MNT), and Story (IP)—that are nearing their historic peaks, offering significant potential for investors in the coming weeks.
Ethereum (ETH): Approaching the $4,956 ATH
Currently trading at $4,529, Ethereum remains less than 10% away from its all-time high of $4,956. After hitting its peak in late August, the altcoin king has demonstrated a steady recovery, with bullish indicators such as the Parabolic SAR showing an uptrend. If Ethereum can break resistance at $4,749, it could surge closer to reclaiming its ATH. However, failure to maintain momentum poses risks of falling below $4,500 and potentially declining to $4,331, which would invalidate the current bullish sentiment.
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Mantle (MNT): Rising Momentum
Mantle is trading at $1.60, just under 10% from its recent all-time high of $1.76. With strong bullish momentum, this altcoin continues to draw interest from short-term investors hoping to capitalize on its growth potential. If the token manages to breach $1.76 resistance, it could quickly rally beyond $1.80. However, downside risks remain, with $1.47 acting as critical support. A failure to hold this level could shift the trend toward bearish movement, erasing its recent gains.
Story (IP): Building Support for a Breakout
Trading at $9.58, Story is another altcoin to watch. This level is 21.5% below its all-time high of $11.84; however, the token shows resilience with solid support at $9.58. If bullish momentum persists, Story could successfully breach resistance and head above $12, providing new growth opportunities for investors. On the downside, profit-taking or heavy selling pressure could push the token to $8.58, invalidating the bullish narrative.
Final Thoughts
As the crypto market stabilizes, monitoring key support and resistance levels for altcoins like Ethereum, Mantle, and Story can provide valuable insights for potential investment opportunities. It’s crucial to conduct thorough research and stay informed about market shifts before making decisions. Tools such as real-time charting platforms and wallet applications can aid in managing and maximizing your crypto investments.
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