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