4 Cryptos Primed for New All-Time Highs in November 2024

Published November 4, 2024 6:34 AM

By Valdrin Tahiri

Edited by Ryan James

These 4 Cryptos Can Reach All-Time Highs in November | Credit: Derek Fenech

Key Takeaways

BNB and SUI have started their fifth and final waves.
MOG is increasing alongside a steep support trend line.
Bitcoin is only 6% away from its all-time high price.

October was a bullish month for the cryptocurrency market, leading to considerable gains across the board. Bitcoin increased faster than altcoins, and the Bitcoin Dominance Rate hit 60%.

While Bitcoin got close to a new all-time high, it failed to reach it by less than 1%. Let’s look at its price movement alongside three other altcoins that can reach new all-time highs in November.

BNB Reaches Range High

The weekly time frame BNB chart shows that the price has declined since the all-time high of $721.8 in June. The ensuing decrease and bounce confirmed the range between $495 and $505, which had existed since March.

This week, the BNB price reached the range high but failed to break out, creating a long upper wick (black icon). Nevertheless, there are two more days until the weekly close, so the price may create a different candlestick.

The wave count predicts a breakout. It suggests that BNB is nearing the end of wave four in a five-wave upward movement (white). While the shape of wave four is unconfirmed, it may create a symmetrical triangle since that is the most common pattern for wave four. The triangle’s resistance trend line coincides with the range high.

If BNB breaks out, the next target for the price will be at $920, created by the 1.61 external Fibonacci retracement of the most recent drop. This would be a new all-time high for the crypto.

BNB Price Count — BNB/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Technical indicators are leaning only slightly bullish. The Relative Strength Index (RSI) bounced at 50 and traded above the trend line, indicative of consolidation before a breakout.

While the Moving Average Convergence/Divergence (MACD) is falling, it is still positive, meaning the trend is bullish.

So, the most likely outlook for November is a breakout from the triangle and range, taking BNB toward a new all-time high price.

SUI Price Recovers

The SUI price reached its all-time high of $2.36 in October. The decline led to a low of $1.60 on Oct. 28, triggering a breakdown below the $1.90 horizontal area.

However, SUI bounced at the 0.382 Fibonacci retracement support level and created a long lower wick (white icon). The next day, it reclaimed the area and is now validating it as support.

Similarly to BNB, the wave count is bullish. The most likely count suggests that SUI started the fifth and final wave of the upward movement in August 2024.

SUI High — SUI/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

If this is the case, the first target for the high is at $2.82, created by the 1.61 external Fibonacci retracement of wave four.

This would be a new SUI at an all-time high price.

MOG Approaches High

Since September, the MOG price has increased alongside a very steep ascending support trend line. During this increase, the price nearly reached a new all-time high on Oct. 21, failing to do so by less than 10%.

While the price has declined since then, it still trades above the ascending support trend line. Furthermore, MOG is also inside the $0.0000019 horizontal area, likely to initiate a bounce.

The trend remains bullish as long as the MOG price does not close below the trend line and horizontal support area.

MOG Increase — MOG/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

If MOG reaches a new high, the next target will be $0.000026, created by projecting the support trend line to the Oct. 21 high (black circle).

Bitcoin Concludes November Cryptos

The final crypto that can reach a new all-time high in November is Bitcoin, the largest cryptocurrency based on its market capitalization.

In October, Bitcoin broke out from a descending parallel channel that had existed for 217 days. Breakouts from such long-term structures mean that a new trend has started in the other direction.

Bitcoin barely failed to reach a new all-time high on Oct. 30 and has fallen slightly since, declining below the long-term resistance at $69,500. This is the final horizontal resistance before the all-time high.

Bitcoin Channel — BTC/USD Weekly Chart | Credit: Valdrin Tahiri/TradingView

Technical indicators are decisively bullish since the weekly RSI exceeds 50, and the MACD has made a bullish cross. Similar to BNB and SUI, the wave count suggests that BTC has started its fifth and final increase wave.

If Bitcoin’s price reaches a new high, the next target will be $88,767, created by the 1.61 external Fibonacci retracement of wave four.

All-Time High Cryptos

BNB, SUI, MOG, and Bitcoin are four cryptocurrencies likely to reach new all-time highs in November. BNB, SUI, and Bitcoin have bullish wave counts, while MOG has a positive price action.

Disclaimer: Key Takeaways BNB and SUI have started their fifth and final waves. MOG is increasing alongside a steep support trend line. Bitcoin is only 6% away from its all-time high price. October was a bullish month for the cryptocurrency market, leading to considerable gains across the board. Bitcoin increased faster than altcoins, and the Bitcoin Dominance Rate hit 60%. While Bitcoin got close to a new all-time high, it failed to reach it by less than 1%. Let’s look at its price movement alongside three other altcoins that can reach new all-time highs in November. You May Also Like Crypto Shiba Inu (SHIB) Gains in October — Early November Could Bring a Price Dip Crypto 3 Bullish Altcoins Predicted to Outshine Bitcoin (BTC) in November 2024 Crypto Altcoin Season: These 3 Cryptos Are Poised to Break out as Bitcoin Soars BNB Reaches Range High The weekly time frame BNB chart shows that the price has declined since the all-time high of $721.8 in June. The ensuing decrease and bounce confirmed the range between $495 and $505, which had existed since March. This week, the BNB price reached the range high but failed to break out, creating a long upper wick (black icon). Nevertheless, there are two more days until the weekly close, so the price may create a different candlestick. The wave count predicts a breakout. It suggests that BNB is nearing the end of wave four in a five-wave upward movement (white). While the shape of wave four is unconfirmed, it may create a symmetrical triangle since that is the most common pattern for wave four. The triangle’s resistance trend line coincides with the range high. If BNB breaks out, the next target for the price will be at $920, created by the 1.61 external Fibonacci retracement of the most recent drop. This would be a new all-time high for the crypto. BNB/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView Technical indicators are leaning only slightly bullish. The Relative Strength Index (RSI) bounced at 50 and traded above the trend line, indicative of consolidation before a breakout. While the Moving Average Convergence/Divergence (MACD) is falling, it is still positive, meaning the trend is bullish. So, the most likely outlook for November is a breakout from the triangle and range, taking BNB toward a new all-time high price. SUI Price Recovers The SUI price reached its all-time high of $2.36 in October. The decline led to a low of $1.60 on Oct. 28, triggering a breakdown below the $1.90 horizontal area. However, SUI bounced at the 0.382 Fibonacci retracement support level and created a long lower wick (white icon). The next day, it reclaimed the area and is now validating it as support. Similarly to BNB, the wave count is bullish. The most likely count suggests that SUI started the fifth and final wave of the upward movement in August 2024. SUI/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView If this is the case, the first target for the high is at $2.82, created by the 1.61 external Fibonacci retracement of wave four. This would be a new SUI at an all-time high price. MOG Approaches High Since September, the MOG price has increased alongside a very steep ascending support trend line. During this increase, the price nearly reached a new all-time high on Oct. 21, failing to do so by less than 10%. While the price has declined since then, it still trades above the ascending support trend line. Furthermore, MOG is also inside the $0.0000019 horizontal area, likely to initiate a bounce. The trend remains bullish as long as the MOG price does not close below the trend line and horizontal support area. MOG/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView If MOG reaches a new high, the next target will be $0.000026, created by projecting the support trend line to the Oct. 21 high (black circle). Bitcoin Concludes November Cryptos The final crypto that can reach a new all-time high in November is Bitcoin, the largest cryptocurrency based on its market capitalization. In October, Bitcoin broke out from a descending parallel channel that had existed for 217 days. Breakouts from such long-term structures mean that a new trend has started in the other direction. Bitcoin barely failed to reach a new all-time high on Oct. 30 and has fallen slightly since, declining below the long-term resistance at $69,500. This is the final horizontal resistance before the all-time high. BTC/USD Weekly Chart | Credit: Valdrin Tahiri/TradingView Technical indicators are decisively bullish since the weekly RSI exceeds 50, and the MACD has made a bullish cross. Similar to BNB and SUI, the wave count suggests that BTC has started its fifth and final increase wave. If Bitcoin’s price reaches a new high, the next target will be $88,767, created by the 1.61 external Fibonacci retracement of wave four. All-Time High Cryptos BNB, SUI, MOG, and Bitcoin are four cryptocurrencies likely to reach new all-time highs in November. BNB, SUI, and Bitcoin have bullish wave counts, while MOG has a positive price action.

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