The most successful cryptocurrencies that reached a historic high over the past day

Cryptocurrency analysts have identified tokens that have managed to reach historic highs over the past day. The list includes: Injective (INJ), SEI, and Bitget Token (BGB).

SEI
The price of SEI dropped to a low of $ 0.10 on October 19 and has been consistently strengthening since then. Growth accelerated in late November and reached an all-time high of $ 0.32 on December 5.

After that, altcoin began a significant correction and on December 13, it dropped to a low of $ 0.22. However, yesterday it started growing again and reached a new all-time high of $ 0.34.

The most likely scenario in the Elliott Wave Analysis assumes that the SEI price has completed the first and second waves of a five-wave bullish structure. If the third wave is the same length as the first, the token could rise another 35% and reach the next resistance at $ 0.44.

Injective
INJ’s value has been rapidly strengthening since the beginning of the year. Yesterday, it reached a new all-time high of $ 38.80, which means that the coin will grow by 3000% in 2023. The growth rate accelerated markedly in October, and since then, the price has formed nine bullish weekly candles in 10 weeks.

Wave analysis suggests that INJ is approaching the top of the fifth and final wave. A new top could be reached around $ 40.70. If the token makes a bullish breakout, it could rise by 60% and reach the next resistance at $ 61.50. However, in case of a rebound, it is expected to fall by 60% to the $ 17 support area.

«As the INJ token continues to update the ATH, the network is experiencing significant growth in user numbers and mass adoption. In particular, since December 9, the number of daily new wallets on Injective has increased from 134 to 1328 as of December 18,» said cryptocurrency analyst Tanaka.

Bitget Token
The price of BGB has been growing steadily since July 2022. Since the beginning of this year, the token has had problems with attempts to grow above the horizontal resistance zone of $ 0.50.

The rebounds were combined with a bearish divergence on the weekly RSI. This is considered a sign of growing weakness. However, the breakout of the $ 0.50 area in November also coincided with the breakout of the divergence trend line, which increased its significance.

Yesterday, altcoin hit a new all-time high of $ 0.70. This high was formed above the 1.61 level of the external correction of the previous decline. Since BGB has moved above this resistance area, it has a chance to rise to the next resistance at $ 0.85, which is 25% higher than the current price. However, a BGB close below $ 0.65 could lead to a 30% decline to the next support level of $ 0.50.