Injective (INJ), SEI, and Bitget Token (BGB) — today these three altcoins have reached their new historical peaks. Let's try to figure out which one of them can continue its growth.

SEI has shown a 50% increase in price over the past two days. Note that on October 19, the SEI price fell to a low of $ 0.10, but then began a gradual recovery. At the end of November and on December 5, it reached its historical maximum of $0.32.

Then the SEI began a noticeable correction and reached a low of $0.22 on December 13. However, yesterday it started to grow again and today it reached a new historical high of $ 0.34.

According to Elliott wave analysis, it is assumed that the SEI price has completed the first and second waves as part of a five-wave bullish structure. The analysis of the sub-waves is shown in black on the graph.

If the third wave is the same length as the first, the SEI could rise by another 35% and reach the next resistance level at $0.44. Since the third wave is often extended, its length can be 1.61 times the length of the first wave, which can lead to an increase of 75% and reach a maximum of $0.58.

However, closing the SEI price below the horizontal resistance zone of $0.30 may invalidate the bullish breakout and cause the price to decline by 30% to the nearest support level of $0.22.

INJ, on the other hand, continues to approach the $40 level. The price of INJ has increased significantly since the beginning of the year, and today it has reached a new historical high of $38.80, which means an increase of 3,000% in 2023. Growth accelerated markedly in October, and over the past 10 weeks, the price has formed nine bullish weekly candlesticks.

According to wave analysis, INJ is approaching the top of the fifth and final wave. The length of the fifth wave currently exceeds the length of the first and third waves by 0.618 times, which may indicate a possible peak in the area of $40.70. A break above this level may indicate an extended fifth wave.

In the event of a bullish breakout, INJ could rise by 60% and reach the next resistance level at $61.50. However, a rebound from this level could cause a 60% decline to the $17 support area.

Cryptocurrency analyst Tanaka noted that the increase in the price of INJ is accompanied by an increase in interest in the ecosystem, and the number of new wallets on Injective has increased significantly since the beginning of December.

The Bitget Token (BGB) has continued to grow steadily since July 2022. Since the beginning of the year, the price has faced problems trying to overcome the horizontal resistance zone of $0.50.

However, the breakthrough of this area in November coincided with the breakout of the divergence trend line and increased its importance. Today, BGB has reached a new historical high of $0.70, which means its possible growth to the next resistance level of $0.85, which is 25% higher than the current price.

It is important to note that closing the BGB price below the $0.65 level can