3 altcoins that may reach ATH in the first week of July

The crypto market has witnessed a strong bounce back in recent days, bringing an optimistic atmosphere for investors. Most altcoins have shown positive signs on the daily chart this week, with many coins nearing all-time high price levels.

Let's analyze three altcoins that have the potential to reach new all-time highs this week, if the market trend continues to remain optimistic.

Hyperliquid (HYPE)

The price of HYPE has recorded notable growth today, currently trading at $40.6. This altcoin has surpassed the important resistance level of $39.9, and maintaining this level as support will be a key factor in driving further growth in the near future. If HYPE can sustain this price level, it is highly likely that it will continue to grow in the short term.

Currently, HYPE is only 13% away from its all-time high of 45.8 dollars, (ATH). Supported by positive signals from the Ichimoku Cloud, this altcoin seems to be preparing for a strong advance, aiming to challenge and possibly surpass its previous ATH. The current outlook is very positive, indicating that HYPE can definitely continue its upward momentum and conquer higher milestones.

HYPE price chart 1 day | Source: TradingViewHowever, in the event that HYPE cannot maintain its current upward momentum or faces strong selling pressure, this altcoin could fall below the support level of 39.9 dollars. If the price continues to decrease and slips down to the next support level at 36.5 dollars, the bullish thesis will be invalidated. This could cause this altcoin to lose its recent gains and trigger another decline.

Maple Finance (SYRUP)

The price of SYRUP is currently trading near $0.56, just about 15% away from its all-time high (ATH) of $0.655. With an average daily price fluctuation ranging from 5% to 7%, this altcoin has great potential to reach new high price levels. Along with the recent volatility, SYRUP is in a favorable position to break its ATH, especially as the growth momentum remains steady and the market holds firm.

If the market remains stable, the price of SYRUP could reach $0.65 this week. As the altcoin approaches this level, the potential for the next bullish move will push the price beyond its previous ATH. The stability of the market and interest from investors will be key factors driving this growth trend for SYRUP.

SYRUP price daily chart | Source: TradingViewHowever, if investor sentiment changes to a negative direction or selling pressure increases, SYRUP may drop below the support level of $0.55. In this case, the price could continue to decline to $0.49, invalidating the bullish outlook. A prolonged downturn could reverse the recent uptrend and break the upward trend.

SPX6900 (SPX)

The price of SPX is currently trading at $1.29, holding above the support level of $1.25. This altcoin is currently facing a key resistance level at $1.42. If SPX can break through this level, it will set the stage for even stronger growth, opening up opportunities for a breakout to new highs.

Protecting and maintaining the level of $1.42 will be an important step for SPX to progress towards $1.55, paving the way for this altcoin to continue aiming for the all-time high (ATH) of $1.77, which is about 34.6% away. Notably, positive signals from the Ichimoku Cloud support this upward trend, indicating that SPX may continue its rise if the market remains stable and favorable.

SPX 1-Day Price Chart | Source: TradingViewHowever, if SPX cannot break through the resistance level of $1.42, the price may fall back below the support level of $1.25. In this case, the price could slide to $1.14 or lower, invalidating the bullish arguments. This decline may be due to increased selling pressure or unfavorable market factors.

Annie