The markets kicked off the weekly trading on a highly optimistic note as Bitcoin's price soared to a new all-time high above $106.6K. This remarkable event set off a significant upswing in certain altcoins, while others remained relatively stable within a narrow trading range. For instance, Ondo is leading the top 100 with an astonishing over 15% increase, and Fantom (FTM) and Virtuals Protocol (VIRTUAL) are both maintaining growth of more than 13% each. With this bullish start, the crucial question now is whether these tokens can sustain their dominance until the end of the trading day.

Ondo (ONDO) Price Analysis

Ondo's price has been on a steep upward trajectory for over 40 days, defying the decline in trading volume. The bulls have remained firmly in control, exerting sufficient bullish pressure. This has not only reversed the death cross that occurred in the early days of September but has also provided the token with substantial bullish momentum, enabling it to smash a new all-time high at $2.79.As depicted in the above chart, the price is currently within the bullish range of the Fibonacci channels. It has surged above the 1 Fib level but has yet to reach the next target at 1.2 Fib. The on-balance volume (OBV) continues to rise, indicating the continuation of the bullish trend. Additionally, the +Di and -Di are moving apart, suggesting an increase in the bullish momentum. Therefore, it is believed that the ONDO price will maintain an ascending consolidation and potentially reach a new all-time high at $2.33, perhaps before the end of the year.

Fantom (FTM) Price Analysis

The Fantom price has been following a strong ascending trend since the reversal of the August lows near $0.26. Since November, the trading volume on the platform has shown an upward trend, although it has recently declined to a certain extent. However, there is a possibility of a fresh bullish boost for the token as the selling pressure seems to have eased. Consequently, it is expected that the price will secure some crucial levels, which may assist the token in forming a new all-time high in 2025.The FTM price is currently trading within a rising parallel channel and has faced multiple rejections near the resistance level. At present, the token is experiencing some bearish pressure, but the bulls are anticipated to initiate a strong upward movement. The MACD (Moving Average Convergence Divergence) indicates a decrease in the selling pressure, which could create an opportunity for the accumulation of new buying volume. Therefore, with an increase in buying pressure, the price is expected to break above the Bollinger bands, which are currently parallel, and reach $1.68. If the price can sustain above this range, it may potentially push further above $2 and eventually help the token move towards a new all-time high.

Virtuals Protocol (VIRTUAL) Price Analysis

The Virtuals Protocol (VIRTUAL) price continues to trade within a discovery phase, forming a new all-time high around $2.79. With this significant move, the token is on the verge of entering the top 50 cryptos, surpassing well-known giants such as BONK, WIF, INJ, and ONDO. This upward trajectory showcases the potential and growth opportunities within the Virtuals Protocol. It remains to be seen how the token will perform in the coming days and weeks as it continues to make its mark in the highly competitive crypto market.