These Four Altcoins Can Reach December All-Time Highs | Credit: Hameem Sarwar
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Key Takeaways
BNB, TAO, APT, and JUP are four altcoins with potential for new all-time highs.
All four have broken out from critical horizontal or diagonal resistances.
Which of these altcoins has the best chance of a December all-time high?
November was a bullish month for the cryptocurrency market. Most altcoins have posted increases of over 50%, and Bitcoin has even reached a new, all-time high price. Some altcoins are also very close to reaching new highs.
Let’s look at the price movement for BNB, Bittensor (TAO), Aptos (APT), and Jupiter (JUP) to see which will do so first.
The BNB price reached its all-time high of $721.80 in June 2024, culminating a 140% upward movement since the start of the year. The price has fallen since, trading inside a symmetrical triangle pattern.
In August, BNB bounced at the triangle’s support trend line and created a long lower wick (white icon). It has increased since and broke out from the triangle at the beginning of November. Currently, the BNB price trades only 10% below its all-time high.
In addition to the price action, the indicator readings and wave count both suggest a new all-time high is likely. The wave count suggests that BNB is in the fifth and final wave of its upward movement, which started in May 2022.
A likely target for the top of the increase is between $883-$922. The target is found by giving wave five 0.618 times the length of waves one and three combined and by the 1.61 external Fibonacci retracement resistance level.
The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing, supporting the breakout. So, BNB will likely reach a new all-time high between $884 and $922.
TAO All-Time High
According to its wave count, TAO is in the fifth and final wave of its upward movement (white), which started in May 2023. Waves three and five have extended, as shown by their sub-wave count (black).
The sub-wave count suggests the TAO price is also in the fifth and final sub-wave. So, this is the final portion of the upward movement before the price corrects
If the count is accurate, TAO will increase to at least $1,181, reaching wave four’s 1.61 external Fibonacci retracement. An extension can take the TAO price to $1,813. Both will represent new all-time highs.
The weekly RSI and MACD are both increasing, supporting the continuing of this upward movement. So, TAO is another altcoin likely to reach a new all-time high in November.
APT Continues Ascent
APT has increased since August, when it validated the $5 horizontal area as support. So far, the APT price has appreciated over 120%, leading to a high of $14.11. More importantly, APT reclaimed the $10 area, the final horizontal resistance area before the all-time high of $20.40.
The wave count shows a completed A-B-C correction (white), after which a new upward movement is likely.
The Aptos price faces a descending resistance trend line at $15. Once it breaks out, it is likely to move toward its all-time high.
On top of the price action and wave count, indicators provide a bullish outlook. The RSI and MACD are moving upward and have crossed their bullish thresholds. As a result, the APT price is likely to break out from the diagonal resistance and reach a new all-time high.
JUP Reclaims Resistance
The final altcoin that can reach a new all-time high is JUP. Its price has completed an A-B-C correction since the all-time high and has increased since August.
This week, JUP reclaimed the $1.10 horizontal resistance area and is validating it as support (white icon). The area coincides with the middle of its ascending parallel channel.
Once JUP clears the channels’ resistance at $1.30, it will have more resistance until the all-time high of $1.85. A possible target for the new high is at $2.59, created by the 1.61 external Fibonacci retracement resistance level.
All-Time High Altcoins
BNB, TAO, APT, and JUP all have positive long-term charts and are close enough to their all-time high levels to make new highs possible in December.
BNB is the closest, and due to its breakout from the final resistance area, it could be the first one to reach a new all-time high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
