Key Takeaways
The crypto market has recovered admirably since April. Bitcoin (BTC) exemplified this the best by hitting a new all-time high of $111,980 on May 22.
While the altcoin market has lagged, there are exceptions to the rule. Several altcoins have bullish formations and are very close to their all-time highs.
This article will examine the price movement for three altcoins likely to reach new all-time highs in June.
SUI has bounced back sharply, gaining 150% since bottoming at $1.72 on April 7.
The rally formed a clear five-wave upward structure (green), peaking at $4.29 on May 12.
Since then, the price pulled back, but the decline has stayed within a descending parallel channel, typically a sign of a corrective phase rather than the start of a new downtrend.
Given the shallow nature of the pullback, it appears more likely to be wave two of a larger five-wave bullish pattern.
If wave three is similar in size to wave one, SUI could be on track for a new all-time high near $5.95.
The daily Relative Strength Index (RSI) supports this bullish outlook, showing a hidden bullish divergence—a strong signal for trend continuation.
A breakout above the descending channel and the key $4.20 resistance level would confirm a bullish trend reversal and likely open the door to new highs.
TRX has fallen since its all-time high of $0.45 in December 2024.
While initially swift, the decline has become gradual since January, creating a rounded bottom pattern.
While still unconfirmed, the TRX price could create a cup and handle pattern.
A successful breakout from it would take TRX to the $0.33 horizontal resistance area and possibly to a new all-time high.
Technical indicators are positive. The RSI and MACD are increasing and in bullish territory.
As a result, a TRX price breakout in June is likely.
The GT price started a five-wave upward movement in October 2023 that is still ongoing.
The all-time high of $25.96 in January 2025 marked the top of wave three.
Since then, GT has consolidated inside a symmetrical triangle, indicative of wave four.
A successful breakout from the triangle can take the GT price to $31, reaching the 1.61 external Fibonacci retracement of wave four.
SUI, TRX, and GT are three altcoins that can reach new all-time highs in June.
TRX and GT have not retraced as much relative to the rest of the crypto market since their all-time highs.
SUI shows strong signs of a bullish trend reversal in short- and long-term time frames.
All three could reach new all-time highs in June.