Along with Bitcoin, these cryptocurrencies are poised to mark new highs this month—do you own some?
The bulls have jumped into action since Bitcoin and crypto fanatic Donald Trump became the new President-elect of the United States. Some tokens have reached beyond bearish influence, while others are poised to make new highs in the short term. Along with Bitcoin, here are some cryptos that are believed to form a new ATH before the end of the month.
Bitcoin (BTC)
Bitcoin made a new ATH at $76,460 a few moments ago and despite a slight bearish movement, it continues to trade in the impressive range and the price has completed the cup and handle and is trying hard to break through the neckline of the pattern. Also, the RSI has not reached yet. The neck of the parabolic recovery indicates that the price may continue the upward trend, therefore, the price of BTC will remain at the discovery level and show new highs above $82,000 in November.
BinanceCoin (BNB)
The price of BinanceCoin is quietly at a high level without creating noise, which shows the readiness of the bulls to increase the price. After creating new highs at $721.80, the price of BNB continues to trade in a narrow range, which indicates that the bulls are preparing to break apart. Also, the MACD. In an attempt to test a bullish cross that could confirm the start of a new bullish trend, therefore, BNB price is believed to have consolidated within the triangle for some time and then formed a quadruple figure, marking the next high.
Solana (Sun)
Solana price has risen from the 7-month consolidation in a descending parallel channel and has also risen above the cup and handle, indicating that a new bearish action may be approaching quickly. It is set to reach more than 260 dollars
SUI
Earlier, SUI price marked a new ATH when bears capped the rally at $2.35 and now trade setup at $2.38 is down by 10% as the signal clings to the highs. Meanwhile, the ratio has risen to the upper threshold, indicating that the bullish trend remains intact. Therefore, the price of SUI is expected to maintain an upward trend and reach a new high above $2.50 before the end of the month.
