Crypto News– Several altcoins are currently displaying bullish formations, raising the possibility of reaching new all-time highs in November. October demonstrated a clear bullish trend in the cryptocurrency market, and now, as we step into November, BeInCrypto is keeping a close eye on the top altcoins that could be poised for record-breaking achievements.
Are These 3 Altcoins Poised to Achieve New All-Time Highs in November?
One such altcoin, INJ, has seen a remarkable price surge since the beginning of the year. This upward trajectory culminated in a breakthrough, breaking free from a descending resistance trendline that had constrained its movement since reaching its all-time high.
Subsequent to the breakout, the altcoin reached a peak of $9.97 in April and then transitioned into a consolidation phase within the confines of a symmetrical triangle pattern.
October witnessed the price breaking out from this consolidation pattern, leading to a significant surge in its value. Furthermore, the Elliott Wave theory, which delves into the analysis of recurring long-term price patterns and investor psychology, lends support to the notion of a sustained price increase.
According to this theory, it appears that the price of INJ is currently in the fifth and final wave of its upward trajectory, hinting at the potential for further gains. These positive indicators suggest that INJ could be one of the altcoins to watch closely in the coming weeks as it aims for new all-time highs.
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