The top 3 cryptocurrencies that have a chance to update historical highs in October

September turned out to be a rather neutral month for the cryptocurrency market: neither bitcoin nor most altcoins showed impressive price dynamics. However, October may be more successful for a number of altcoins with bullish formations on their charts. Cryptocurrency analysts have identified the top 3 tokens that have a chance to update historical highs this month.

Injective (INJ)
The price of INJ has risen significantly since the beginning of the year. The upward movement led to a breakout of the diagonal resistance line, which previously existed since reaching a historical high. After that, the altcoin rate soared to a new annual peak of $ 9.97.

The wave chart supports continued growth. If the calculation is correct, then INJ is approaching the end of the fourth wave, after which the fifth and final increase should be expected. After predicting the length of the fifth wave using Fibonacci retracement levels, analysts saw that Injective could show impressive growth to a new all-time high of $ 25.

At the time of writing, the digital asset is trading at $ 7.95, up 1.2% over the past day. In terms of weekly growth, Injective has managed to rise by 13.2%.

OKB (OKB)
As with Injective, OKB is trading inside a symmetrical triangle, which is the fourth wave of a five-wave uptrend. The price is quickly approaching the end of the pattern. If OKB breaks out of the triangle, the next target will be at $ 72.

OKB is currently trading at $ 43.58, up 1.2% over the past day. For the week, the digital asset has managed to grow by 2.3%.

Toncoin (TON)
Since the beginning of the year, TON has been under a downward resistance line. On June 11, the cryptocurrency hit a low of $ 0.96, formed a long lower wick, and has continued to grow since then. In September, the asset updated its local peak at $ 2.60. If the growth continues, Toncoin could reach $ 4.08, which coincides with the 1.61 Fibonacci level. This is 85% higher than the current price and slightly lower than the historical high of $ 4.90.

At the time of writing, the digital asset is trading at $ 2.11, up 0.2% over the past day. Over the past week, TON has dropped by 3.8%, and over 30 days, it has increased by 9%.

As a reminder, Injective cryptocurrency has been included in the list of tokens that may grow this week. According to analysts, Solana (SOL), Injective (INJ), and Radicle (RAD) tokens may start a powerful upward movement. Over the past two weeks, INJ and SOL have managed to bounce back from key support levels, and RAD may be able to exit channel consolidation, where it has been for 14 days.