Altcoins with Bullish Formations Could Reach New All-Time Highs in December
In November, the cryptocurrency market started off on a bullish note but has seen a slowdown in the second half of the month. However, there are several altcoins that show potential for reaching new all-time highs in December.
SEI Reaches New All-Time High
The price of SEI has been on a rapid rise since hitting a low of $0.095 in October. It gained momentum on November 22 and broke out from a crucial resistance level two days later. On November 27, the altcoin confirmed this resistance as support and reached a new all-time high of $0.30.
If SEI manages to break above this level, it could increase by another 50% and reach the next resistance at $0.43.
Celestia (TIA) Breakout Can Lead to New All-Time High
TIA experienced a significant surge on November 10, resulting in a new all-time high of $7.42 within eight days. Although there was a slight dip afterwards, the altcoin regained its strength on November 22 and broke out from a descending resistance trend line.
If TIA continues its breakout, it could see a 40% increase and reach the next resistance at $8.90, which would mark another all-time high.
Kaspa (KAS) Concludes All-Time High Altcoins
KAS has shown a parabolic increase since the beginning of the year. While there was a temporary halt in April, the price regained momentum in May and has been accelerating ever since. Technical analysis suggests that KAS is currently in wave three of an upward movement that began in May, with wave four taking the form of a triangle.
If the analysis is correct, KAS could break out from the triangle and reach a new all-time high near $0.18.
Hot Take: Altcoins Poised for New All-Time Highs in December
December holds potential for altcoins like SEI, TIA, and KAS to reach new all-time highs. These cryptocurrencies have shown bullish formations and positive price movements that indicate further upward momentum. While there are potential risks and price corrections along the way, breaking key resistance levels could lead to significant gains. Keep an eye on these altcoins as they could be poised for a strong performance in the coming month.
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