Altcoins Surge: Sonic, MANTRA, Story Hit New Highs

The cryptocurrency market has been experiencing a bullish trend, with several altcoins reaching new all-time highs. Bitcoin's recent attempts to break out of consolidation have acted as a catalyst for this altcoin rally.

Three notable altcoins that have reached new all-time highs are Sonic (S), formerly known as Fantom (FTM), MANTRA (OM), and Story (IP).

Sonic (S) surged by 33% in the past 24 hours, reaching a new all-time high of $0.99 before slightly retracing to $0.94. The altcoin's recent performance reflects a bullish trend that could continue if key support levels hold and the momentum is maintained across the broader crypto market. Sonic is attempting to establish $0.81 as support, which is crucial for maintaining its uptrend. If this support holds, Sonic could push higher, aiming for the $1.00 resistance level in the near term. However, a pullback to $0.81 could trigger profit-taking among investors, causing the price to dip below this support and potentially leading to further declines.

MANTRA (OM) recently reached a new all-time high of $8.46, trading at $7.85 as of now. The cryptocurrency has been witnessing strong bullish momentum, suggesting that its upward trajectory could continue in the coming days. The altcoin is establishing $7.74 as a key support level, which is critical for maintaining its uptrend. If it successfully holds above this price, OM could see a rise toward $9.00. However, if OM price fails to hold the support of $7.74, it may fall to $7.20, revisiting the consolidation phase from earlier in the week and potentially extending losses for traders.

Story (IP) is another crypto token that has seen significant growth, with its price currently at $4.78 after a week-long rally. The altcoin achieved a new all-time high of $8.99 during the last 24 hours, representing a significant 174% increase. IP is now focused on securing $5.69 as a support level, which is crucial for its price continuation. If it successfully holds this support, IP could revisit the $8.99 high and possibly break above $9