These 3 altcoins hit new All-Time-High today

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1, Sei

The Sei price has been gradually increasing since October 19th, the increase accelerated towards the end of November, eventually reaching a new All-Time-High at $0.34 on November 19th.

If the Elliott wave is wave three of the same length as wave one, the altcoin could rally another 35% and reach the next resistance at $0.44. Since wave three is usually long, it could be 1.61 times longer than wave one, resulting in a 75% increase to $0.58.

Despite this bullish prediction, a close below the $0.30 horizontal resistance area would invalidate the breakout. This could cause the price to drop 30% to the nearest support at $0.22.

2, Injective (INJ)

INJ price has been rising rapidly since the beginning of the year. It has reached a new All-Time-High at $38.80, a 3,000% increase this year.

The wave count shows that INJ price is approaching the top of the fifth and final wave. Currently, wave five is 0.618 times longer than wave one and three combined. So it could peak at $40.70.

If INJ breaks out, it could rally 60% and reach the next resistance at $61.50. However, the price is expected to drop 60% to the $17 support zone if it is rejected.

3, Bitget Token (BGB)

BGB price has been steadily increasing since July 2022. Ultimately, the altcoin reached a new All-Time-High of $0.70. The high was created above the 1.61 external Fib retracement level of the previous decline. Since it has moved above this resistance, it could rally to the next resistance at $0.85, a 25% increase from the current price.

Despite this bullish prediction, a close below $0.65 could result in a 30% drop to the next support at $0.50.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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