SEI Price Increases by 50% in Two Days
The price of SEI has been gradually increasing since October 19, with a recent all-time high of $0.32 on December 5. After a correction, it reached another all-time high of $0.34 today. According to Elliott Wave theory, SEI may continue to increase by another 35% to $0.44 or even by 75% to $0.58.
INJ Approaches $40
The price of INJ has surged since the beginning of the year, reaching a new all-time high of $38.80 today. The wave count suggests that it is nearing the top of the fifth and final wave, with a possible top near $40.70. A breakout above this level could lead to a further increase to $61.50, while a rejection may result in a 60% drop to the $17 support area.
BGB Clears Finals Resistance
BGB has been gradually increasing since July 2022 and struggled to move above the $0.50 resistance area this year. However, it recently broke out and reached a new all-time high of $0.70 today. It is likely to continue increasing to the next resistance at $0.85, but a close below $0.65 could lead to a 30% decrease.
Hot Take: Altcoins Reach New All-Time Highs
Injective (INJ), SEI, and Bitget Token (BGB) have all reached new all-time highs recently. While their prices have experienced significant increases, there is potential for further growth based on technical analysis and market conditions. However, it is important to monitor these altcoins closely as they may also face corrections or rejections at key resistance levels. Overall, these altcoins demonstrate the ongoing bullish momentum in the cryptocurrency market.
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