The post Along With Bitcoin, These Cryptos Which are Poised to Mark New Highs This Month—Do You Own Some? appeared first on Coinpedia Fintech News
Ever since Bitcoin & Crypto proponent Donald Trump became the new president-elect of the United States, the bulls have jumped in action. Some tokens have ranged above the bearish influence, while others are poised to form new highs in a short while. Along with Bitcoin, here are some of the cryptos which are believed to form a new ATH before the end of the month
Bitcoin (BTC)
- Bitcoin formed a new ATH at $76,460 a few moments ago and, despite minor bearish activity, continues to trade within the bullish range
- The price completed the cup and handle pattern and is trying hard to surpass the neckline of the pattern
- Besides, the RSI is yet to reach the neckline of the parabolic recovery, indicating the price may continue to maintain an ascending trend
- Therefore, the BTC price appears to be poised to remain within the discovery phase and mark new highs above $82,000 in November
BinanceCoin (BNB)
- The BinanceCoin price is ranging high silently without making noise, indicating the preparedness of the bulls to push the prices higher
- After forming new highs at $721.80, the BNB price continues to trade within a tight range, suggesting the bulls preparing for a breakout
- Besides, the MACD is trying to undergo a bullish crossover, which may validate the start of a fresh bullish trend
- Therefore, the BNB price is believed to consolidated within the triangle for a while and later broke to mark the next peak, forming a four-digit figure
Solana (SOL)
- The Solana price has surged above the 7-month-long consolidation within a descending parallel channel
- Besides, it has also raised above the cup and handle pattern, which suggests a fresh bullish action could be fast approaching
- The RSI has rebounded from the lows and maintaining a parabolic recovery to reach the upper threshold
- Hence, the Solana price is poised to maintain a healthy ascending trend and reach highs above $260 in a short while
Sui (SUI)
- Previously, when the SUI price marked a new ATH, it fell 10% short as the bears restricted the rally at $2.35 and now at $2.38
- The trade setup suggests the token is stuck within a bullish range, suggesting the price may maintain a healthy ascending trend
- Meanwhile, the on-balance volume has spiked to the upper threshold, indicating the bullish trend to remain intact
- Hence, the SUI price is expected to maintain an ascending trend and form a new high above $2.5 before the end of the month
