The crypto market has been fluctuating between bullish and bearish sentiment throughout the past week. As July draws to a close, a clear trend remains elusive. While some altcoins struggle to gain traction, others are already reaching new all-time highs.

BeInCrypto has analysed three such altcoins that could reach a new all-time high in the coming days.

Sky Protocol (SKY)

SKY is currently trading at $0.0994, just 6% away from its all-time high (ATH) of $0.1054. Investors have been eagerly awaiting this level for over seven months. The altcoin is showing signs of upward momentum, with the ATH now within reach if current trends continue.

The broader market’s bullish sentiment supports the expectation that SKY could soon reach its ATH. If the altcoin can successfully flip $0.1000 into a strong support level, it will likely surge to the ATH of $0.1054 and potentially exceed this price, further fueling investor optimism.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

On the other hand, if investors begin to cash in on their gains, SKY could face selling pressure. This may lead to a pullback towards $0.0920. If the support at this level fails to hold, it would invalidate the bullish outlook, potentially triggering a deeper decline.

Hyperliquid (HYPE)

HYPE has shown some stability in recent days after a decline to $42. The altcoin is currently trading at $44, which leaves it approximately 12% away from its all-time high (ATH) of $49. This recovery signals a potential for growth if the broader market remains favorable.

For HYPE to reach its ATH, it must first flip $46 into a strong support level. The performance of the broader market will play a crucial role in this. If HYPE can maintain upward momentum and secure $46, a rise to the ATH is within reach.

However, if HYPE fails to secure $46 and faces selling pressure, it could slip back to the support at $42 or lower. Such a drop would invalidate any bullish outlook for the altcoin and could lead to a further decline in price.

Saros (SAROS)

SAROS price is currently at $0.357, showing upward momentum after bouncing off the support at $0.341. The altcoin is roughly 20% away from its all-time high (ATH) of $0.427. This suggests that SAROS has the potential for further gains if the current trend continues.

During uptrends, SAROS has historically risen by 10-12% within a day. Given the current market conditions, if SAROS can secure $0.399 as support, the altcoin could likely reach its ATH of $0.427.

However, if selling pressure intensifies and SAROS falls below the support at $0.341, the price could drop to $0.293. Such a decline would invalidate the bullish thesis and suggest a deeper downtrend, reversing recent gains.