The cryptocurrency market has seen a significant slowdown over the past 24 hours, losing $8 billion of its total market capitalization. Despite this broader market correction, some altcoins defied the trend and reached new all-time highs (ATH) today.
BeInCrypto analyzed three such tokens that hit new all-time highs today, led by Just a Chill Guy (CHILLGUY)
Just a chill guy (CHILLGUY)
Based on a popular internet character, the meme piece Just a chill guy (CHILLGUY) has seen a massive increase in value since its launch on November 15. The altcoin climbed to a new all-time high of $0.58 during the early Asian session on Tuesday. However, it is currently trading at $0.47, down 18% from the price peak.
In a November 25 job On X, on-chain analytics data provider Nansen noted that the meme coin generated net smart money flows of $108,450 over the previous 24 hours. Smart money refers to institutional or large-scale investors. This indicates that on a large scale hodlers increase their holdings in CHILLGUY.
If this trend persists, the price of the same coin could return to its all-time high. On the other hand, CHILLGUY price could drop below $0.40 if selling activity resurfaces.
Virtual protocol (VIRTUAL)
VIRTUAL, the native token of the decentralized creation and monetization of AI agents Virtuals Protocol hit an all-time high of $0.71 today. It is now trading at $0.65, having lost 8% of its value from that high price.
VIRTUAL’s price surge is supported by real demand for the altcoin, reflected in the rise in its Rising Strength Index (ROI). At press time, it is 69:48 p.m.
The RSI indicator tracks overbought and oversold market conditions of an asset. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and needs to be corrected. On the other hand, values below 30 indicate oversold conditions and suggest a price rebound.
At 69.48, VIRTUAL’s RSI indicates that buying activity is outpacing selling pressure among market participants. If this trend continues, the altcoin will return to its all-time high of $0.71 and attempt to surpass it. However, if profit-taking begins, VIRTUAL’s price could drop to $0.57, thereby invalidating this bullish outlook.
aixbt by Virtuals (AIXBT)
AIXBT is currently trading at $0.08. It recorded an intraday increase of 75% and reached an all-time high of $0.09 today. Over the past 24 hours, its trading volume totaled $6.05 million, up 487%.
When the price of an asset rises alongside its trading volume, it suggests strong market interest and participation, indicating that the price rise is supported by active buying. This shows confidence in the asset’s value and may suggest that the upward movement could be sustainable.
AIXBT will return to its all-time high if this upward dynamic continues. However, its value could drop to $0.07 if selling activity begins.
Disclaimer
In accordance 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 providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult a professional before making any financial decision. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.