Which altcoins will hit the all-time record in June? This is a question that is likely to be attributed value in the cryptocurrency space. That’s what we’re focusing on. Let’s have a look at the details.
Will these altcoins see ATH in June?
June has the potential to be a very important month for altcoins. In this context, if the market experiences a jump in this period, some altcoins will stand out. Therefore, the developments will be a compensation for previous losses. As a result, there is a possibility of an ATH. First, the TomoChain (TOMO) price showed a huge spike last week. The price reached its highest level of the year at $2.55. However, the upward movement could not be sustained. On the contrary, TOMO price has created a long upper wick that is considered a sign of selling pressure. Moreover, the wick caused TOMO price to drop below the $1.70 horizontal area that was expected to provide resistance. The divergence above the zone indicates a decisive decline. However, there is no more resistance left to the all-time high near $3.60. Therefore, if TOMO price surpasses the $1.70 region, it could rapidly increase towards this region. It could possibly hit an all-time high after all.
Secondly, the price of Injective (INJ) among altcoins has increased rapidly since the beginning of the year. The increase resembles a five-wave upward movement (white zone). If so, INJ is currently in the fifth and final wave of this increase. Technical analysts use Elliott Wave theory as a tool to identify repetitive long-term price patterns and investor psychology that help them determine the direction of the trend. If the count is correct, INJ price will complete its fifth wave near the $14 horizontal resistance area. That’s well below its all-time high. But it points to the last resistance before it. Hence, if the price breaks the $14 resistance, it could hit an all-time high.
RocketPool (RPL) and Rootstock Infrastructure (RIF)
Within altcoins, the RPL price had dropped below a descending resistance line since its all-time high of $65.32 on April 16. This decline fell to $ 43.44 on May 12. However, the price immediately bounced off, forming a bullish candlestick (green icon). The next day, it broke above the descending resistance line, indicating the completion of the correction. Although the price has fallen slightly since the breakout, it formed a higher low on May 26. This is the first step in creating a bullish structure. If RPL price surpasses the 0.5 Fib retracement level of $54.30, it will likely rebound to an all-time high. However, if it is rejected, a drop to the $44 support zone is expected.
cryptocoin.com When we look at it as an altcoin, the last one is Rootstock Infrastructure (RIF). RIF price had fallen below a descending resistance line since its January 2021 high of $0.50. This decline reversed the price trend after hitting an all-time low of $0.035 in November 2022. In this context, it caused a breakout in January. The line had been in place for 740 days before it broke. Breakouts from such long-term structures often lead to significant bullish reversals. Such was the case with the RIF, which reached its year high of $0.22 in March 2023. However, the price has fallen since being catalyzed by the rejection of the 0.382 Fib retracement resistance level. However, the price is still trading above the $0.10 horizontal support area. As long as it does this, the trend can be considered bullish. If the RIF price rises above the $0.22 Fib resistance, it could rise to the next resistance at $0.30. However, if the price closes below $0.10, there could be a drop to $0.04.
