4 Cryptos That Could Hit New All-Time Highs in September-

Despite a bearish cryptocurrency market, some altcoins have bullish-looking formations. With that said, BeInCrypto looks at the top cryptos for September that could hit new all-time highs.

1. #OKB Price Wave Count Supports New All-Time High

The OKB price has increased significantly since June 2021. The increase resembles a five-wave upward movement (white). If so, it is currently in wave four of this Elliott Wave count.

Technical analysts utilize the Elliott Wave theory to ascertain the trend’s direction by studying recurring long-term price patterns and investor psychology.

2. #Ocean Protocol (OCEAN) Shows Signs of a Breakout

The OCEAN price has experienced a decline below a descending resistance line after reaching its all-time high of $1.94 in April 2021. This downward trend has persisted for a span of 829 days. During this time, the price has made six unsuccessful efforts to break out from this trend line (red icons).

Because trend lines tend to lose strength with each touch, there is a higher likelihood of eventually breaking out from this trend line.

3. Bitcoin Cash (#BCH ) Clears Corrective Pattern

The BCH Price began an upward movement in November 2022. After creating a higher low in June 2023, the price accelerated its rate of increase. This led to a new yearly high of $329.

The entire upward movement looks like a five-wave increase. If so, the BCH price completed wave four by bouncing at the 0.618 Fib retracement support level on August 17 (green icon). Besides validating the Fib support, the bounce also validated the support line of a descending parallel channel.

4. Toncoin (#TON ) Could Cruise in September

The TON price has fallen under a descending resistance line since December 2022. The rejection on April 2023 (red icon) catalyzed a sharp fall that led to a low of $0.96 on June 11.

However, the price has been increasing since. After an initial deviation, TON reclaimed the $1.35 horizontal area, validating it as support.