Key Takeaways
- The SUI price completed a five-wave increase and correction.
- Tron (TRX) closed above the $0.27 horizontal resistance area.
- GateToken (GATE) has consolidated since its all-time high.
The crypto market has recovered admirably since April. Bitcoin (BTC) exemplified this the best by hitting a new all-time high of $111,980 on May 22.
While the altcoin market has lagged, there are exceptions to the rule. Several altcoins have bullish formations and are very close to their all-time highs.
This article will examine the price movement for three altcoins likely to reach new all-time highs in June.
SUI Price Completes Correction
SUI has bounced back sharply, gaining 150% since bottoming at $1.72 on April 7.
The rally formed a clear five-wave upward structure (green), peaking at $4.29 on May 12.
Since then, the price pulled back, but the decline has stayed within a descending parallel channel, typically a sign of a corrective phase rather than the start of a new downtrend.
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Given the shallow nature of the pullback, it appears more likely to be wave two of a larger five-wave bullish pattern.
If wave three is similar in size to wave one, SUI could be on track for a new all-time high near $5.95.
The daily Relative Strength Index (RSI) supports this bullish outlook, showing a hidden bullish divergence—a strong signal for trend continuation.
A breakout above the descending channel and the key $4.20 resistance level would confirm a bullish trend reversal and likely open the door to new highs.
TRON’s Bullish Pattern
TRX has fallen since its all-time high of $0.45 in December 2024.
While initially swift, the decline has become gradual since January, creating a rounded bottom pattern.
While still unconfirmed, the TRX price could create a cup and handle pattern.
A successful breakout from it would take TRX to the $0.33 horizontal resistance area and possibly to a new all-time high.
Technical indicators are positive. The RSI and MACD are increasing and in bullish territory.
As a result, a TRX price breakout in June is likely.
GT Breakout Incoming
The GT price started a five-wave upward movement in October 2023 that is still ongoing.
The all-time high of $25.96 in January 2025 marked the top of wave three.
Since then, GT has consolidated inside a symmetrical triangle, indicative of wave four.
A successful breakout from the triangle can take the GT price to $31, reaching the 1.61 external Fibonacci retracement of wave four.
All-Time High Altcoins
SUI, TRX, and GT are three altcoins that can reach new all-time highs in June.
TRX and GT have not retraced as much relative to the rest of the crypto market since their all-time highs.
SUI shows strong signs of a bullish trend reversal in short- and long-term time frames.
All three could reach new all-time highs in June.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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