4 Cryptos Set To Hit New All-Time Highs By June 2024
Bitcoin (BTC) has been teasing a new all-time high (ATH) since mid-May, as have many other altcoins, including Binance's native token, BNB.
BeInCrypto has scoured the market for altcoins that are not only close to charting a new ATH, but capable of doing so.
Bitget Token (BGB) is the front runner.
BGB price was not close to forming a new ATH until a week ago. But the 16% rally seen in the last two days has changed this and brought the altcoin to trade at $1.32. ATH is now at $1.38, less than 5% away.
Altcoin is likely to reach this level and reach a new all-time high within the next month. Signs of this sign can be seen in the Ichimoku Cloud, which shows bullishness, and below the candles.
The Ichimoku Cloud is a comprehensive technical analysis indicator that identifies support and resistance, identifies trend direction and measures momentum.
If the $1.33 resistance is breached, BGB is very close to forming a new ATH.
Read more: Bitget Review: What you need to know in 2024
However, if the breach fails, Bitget Token may be subject to correction. Investors may move into surplus positions, which could push BGB down to $1.24.
Bitcoin can boost the overall market.
Bitcoin price has been hovering around $68,500 for days, but has failed to cement a support floor. This is critical if the crypto asset is aiming to form a new ATH, as the gap between BTC and ATH is $71,800 at $73,650.
BTC has been seeing a macro flag pattern since early February. This bullish continuation pattern has risen 45% to $92,505 as the target. However, the more accurate result is a breach of the ATH, only 8% away from the trade price.
Read more: What Happened in the Last Half of Bitcoin? Predictions for 2024
However, since Q3 is known to be one of the slowest months in terms of market growth, the possibility of a new ATH may be affected. Further bearishness could send Bitcoin price towards $64,883.
The three-year wait for BNB investors continues.
The last time BNB price was three years ago in May 2021. The altcoin was showing the potential to make a miracle last month, but that failed. However, last month, a series of increases bolstered investor optimism.
Binance's native token is now a little over 13% off its $686 ATH, changing hands at $591. The Ichimoku cloud not only accentuates the bullishness, but is also below the candles, which always develop the highest flame.
Read more: How to buy BNB and everything you need to know
But it wouldn't be surprising if investors moved to sell their assets in June as they were once again disappointed. If the price of BNB fails to breach the all-time high, the altcoin may lose its momentum and slide towards $575 or below.
Toncoin (Ton) surprises the market
Toncoin had an amazing run in Q2 2024 as Altcoin marked a new ATH. Tons would need to flip $6.5 to a support floor for this to happen.
If this happens, Toncoin will be on its way to record a 15% increase, breaking the barrier at $7.0 and reaching an ATH of $7.6. While broader market signals support a bullish outcome, the $7.0 resistance is key resistance.
Read More: What Are Telegram Bot Coins?
Ton has failed to breach three times since April, and if the same thing happens this time, the altcoin could fall sharply to $6.5. A loss of this support will send the ton to $6.00 and lower.
Disclaimer
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