3 Crypto that peaked today – December 4

With the altcoin season underway, most major crypto tokens except Bitcoin are seeing gains. Two of the 15 cryptocurrencies hit new all-time highs (ATHs) today amid strong bullish momentum.

BeInCrypto analyzes these three crypto tokens, which set new all-time highs and what to expect from them in the future.

BNB

The price of BNB has increased by 18% in the last 24 hours, reaching $770 at the time of writing. The intraday high of $779 set a new all-time high (ATH) for the altcoin. This price action adds strong bullishness and market confidence in BNB's future performance.

The previous ATH for BNB was set at $721 in June, which has now become an important support level. If BNB can maintain this level, it can continue its upward trend, further strengthening its position in the market. The $721 support is critical to maintain investor confidence in the token.

Given the current momentum, BNB is expected to continue to rise and create new ATHs. However, if profit taking occurs and the price falls below the $721 support level, the bullish thesis will be rejected. A fall below this level indicates a change in market sentiment, leading to corrections.

Tron (TRX)

The price of Tron has increased by 77% in the last 24 hours, reaching $0.39. Despite the 9.5% intraday, the altcoin is expected to maintain support above $0.30.

This step is critical to maintaining momentum. If Tron holds above $0.30, it could continue its uptrend.

During the rally, Tron reached a new all-time high (ATH) of $0.45. The next key target for the altcoin is establishing $0.50 as support. If Tron can hold above this level, it will signal further upside as it has the potential to make more gains in the coming days or weeks.

However, if the downtrend continues and TRX falls below the $0.30 psychological support, panic selling may follow. This scenario undermines the current bullish outlook, which could turn into market sentiment. Traders should closely monitor support levels.

Leo Token (LEO)

Leo Token recently hit a new all-time high (ATH) of $9.87 after a 12% increase in the last 24 hours. This is the second ATH signal for Leo in the last month, indicating strong market demand and high momentum. The performance of the token has attracted the attention of investors.

LEO is expected to continue to benefit from the ongoing altcoin season, and its price may rise further. The altcoin has managed to maintain the crucial support level at $8.86 to maintain its upward momentum. As long as this support holds, LEO could see further gains in the coming weeks.

However, if LEO fails to hold the $8.86 support level, the current bullish outlook could be threatened. A break below this key level could lead to a sharp decline, erase recent gains and signal market sentiment.