3 Altcoins That Could Hit All-Time-High in the Third Week of June

The cryptocurrency market continues to fluctuate as it enters June, bringing smaller altcoins to the forefront. Some of these tokens are even approaching their All-Time-High due to investor optimism.

BeInCrypto has analyzed three altcoins for investors to watch this week as they have the potential to reach new All-Time-Highs.

SPX6900 (SPX)

SPX price has increased nearly 32% this week, trading at $1.65. Currently, it is just over 7% away from its All-Time-High (ATH) of $1.77. This impressive price increase shows the growing momentum of the altcoin, attracting attention from traders and investors seeking short-term profits.

This Meme token has been continuously rising in recent weeks, with its price nearly reaching a new ATH after almost five months. If SPX can break through the resistance level of $1.77, it could easily push above $1.80. This would signal a continuing upward trend, further increasing investor optimism about the token's potential.

However, if broader market conditions deteriorate before SPX reaches its ATH, the price could decline. Returning to the support level of $1.55 would be the first sign of weakness. If this level is lost, SPX could drop to $1.40, invalidating the current price increase prospects and potentially reversing the recent upward trend.

Saros (SAROS)

SAROS has decreased by 1.99% this week after reaching a new All-Time-High (ATH) of $0.237. Currently, this altcoin is 14.5% away from this peak, indicating a potential correction or consolidation. Traders are closely monitoring recovery signs as SAROS attempts to regain its previous highs.

With Bitcoin's recent price increase, SAROS could benefit from the positive momentum in the cryptocurrency market. If this upward trend continues throughout the week, SAROS could easily surpass its ATH of $0.237. Leveraging Bitcoin's strength could push SAROS higher, offering new opportunities for investors seeking altcoin growth.

However, if global geopolitical tensions increase and Bitcoin experiences a downturn, SAROS could face a similar decline. The strong correlation between BTC and SAROS (0.61) suggests that a Bitcoin price drop could directly impact SAROS. In such a case, SAROS could drop to $0.192, invalidating the current price increase prospects and causing potential losses.

Sky Protocol (SKY)

SKY price has increased nearly 25% this week, trading at $0.0917. This altcoin is currently about 14.8% away from its All-Time-High (ATH) of $0.1054, signaling potential for further profits. The recent price increase has attracted investor attention, adding optimism for continued upward movement in the coming days.

With SKY's impressive performance this week, there is a likelihood that this altcoin will continue its upward trend and target its ATH of $0.1054. However, to achieve this goal, SKY must break through the $0.1000 level and establish it as support. Securing this price level will provide a solid foundation for further growth.

If investor sentiment changes and selling pressure increases, SKY may struggle to maintain support at $0.0915. Breaking below this level could cause the price to drop to $0.0799, invalidating the current price increase prospects.