3 Altcoins That Can Hit New ATHs in December - These altcoins are showing bullish signs and can reach new all-time highs in December.

    November was a bullish month for the crypto market even though the momentum has stalled at the end of the month. In December, these altcoins have potential to keep rising in prices and hit new ATHs.

    Sei (SEI)

    Source: TradingView

    SEI has been rising rapidly since it fell to a low of $0.095 on October 19. The upward movement accelerated on Nov 22 and its price broke out of a key resistance area two days later. On Nov 27, this altcoin validated previous resistance as support, and then bounced significantly. SEI hit its all-time high of $0.30 yesterday, which was right at the 1.61 external Fib retracement of the previous downward movement.

    If SEI breaks above this level, it could rally 50% and reach the next resistance at $0.43. However, a rejection from the $0.30 resistance could also result in a 22% drop to the $0.22 horizontal support area.

    Celestia (TIA)

    Source: TradingView

    TIA began to increase sharply on Nov 10. Within 8 days, its price rallied 200%, reaching a new all-time high of $7.42. Although TIA  dipped slightly then, it raised again on Nov 22. Five days later, its price broke out of the descending resistance line, indicating that the correction was over.

    With RSI (Relative Strength Index) as a momentum indicator, traders can determine whether the market is overbought or oversold, then decide whether to accumulate or sell assets. Bulls have the advantage if the RSI is above 50. If TIA price breaks out, it can rally 40% and reach the next resistance at $8.90. The resistance is created by the 1.61 external Fib retracement of the previous decline and forms a new all-time high. Despite this bullish prediction, a rejection by the $6.50 resistance area could result in a 20% drop to the descending resistance line at $5.30.

    Kaspa (KAS)

    Source: TradingView

    KAS has jumped parabolically since the beginning of the year. The gains temporarily stopped in April, but its price regained momentum in May, accelerating the rate of increase once again. Technical analysts use Elliott Wave theory to identify long-term price patterns and investor psychology, thereby determining the direction of a trend.

    The most likely count suggests that KAS price is in the third wave of a five-wave upward movement, which began in May. The sub-wave count is given in white, indicating that KAS is in a corrective wave four, which has taken the shape of a triangle. If the count is correct, the altcoin should break out of the triangle and reach a new all-time high near $0.18.

    However, a breakdown of the triangle will invalidate the upward movement and can send KAS down 30% to the next support at $0.09.

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