Are These 3 Altcoins Ready for All-Time High Earnings in October?

September was a relatively neutral month for the cryptocurrency market. This was evident in both Bitcoin (BTC) and various altcoins.

However, October could be a positive month for these altcoins, bullish-looking formations. With that said, BeInCrypto looks at the top altcoins in October that could hit new all-time highs.

Injectable (INJ) price breakout could lead to all-time high.

The price of INJ has increased significantly since the beginning of the year. The move to the top formed a pullback from the previous resistance trend from the all-time high.

After that, the altcoin hit a new annual high of $9.97 in April.

Since then, the injective price has consolidated in an equilateral triangle, which acts as a neutral pattern. However, since a triangle occurs after an upward move, breaking out of it is the most likely future price scenario.

It also supports the continued rise of the Elliott Wave count. To determine the direction of the trend, technical analysts use Elliott Wave theory, which involves studying recurring long-term price patterns and investor psychology.

If the calculation is correct, the price of INJ is approaching the end of the fourth wave, after which the fifth and final increase is expected.

Measuring the length of waves one and three, it is possible to plan the length of wave five using Fib predictions. According to the theory of Fibonacci retracement levels, following a significant price change in one direction, the price is expected to partially return to the previous price level before continuing in the same direction.

This concept can also be used to identify the top of future upward movements.

The length of waves one and three of 0.382 takes INJ's price to a new all-time high of $25, a 250% increase from the current price.

This multiple INJ price prediction will be canceled by a break of the triangle support line at $6.50. If so, INJ could fall 40% to $4.25.

The number of OKB price waves will also lead to new highs.

The price movement of OKB is similar to that of INJ, mostly due to the number of waves.

Like the Injective type, the price trades in a congruent triangle, where a five-wave upward movement can be a four-wave. The price is quickly approaching the end of the pattern, at which point there may be a decisive movement.

Because of the wave count and since the triangle spreads after the upward movement, a breakout from it is a very likely prospect.

If this happens, the next high would be $72. The target is the length of the triangle to the breakout level (white line) and the recent decline of the outer Fib retracement of 1.61. The target is 67% above the current price.

Despite this high OKB price prediction, a breakout from the triangle will make it lose its count. In this case, the price can drop by 50% to $21.

Toncoin (Ton) Breakout Catalyzes Rally

Since the beginning of the year, the price of a ton has been below a downward resistance trend. This brought it to a low of $0.96 on June 11.

However, the price made a very long low wick (green icon) and has since risen. In September, the ton rose above the lower resistance line, reaching a high of $2.60.

If the rally continues, the nearest downside is the 1.61 Fib extension at $4.08. This is more than 85% of the current price and slightly below the all-time high of $4.90.

If the rally loses momentum, the ton could drop 27.50% and reach the bearish resistance line at $1.60.

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