Crypto Analyst Bullish on Top Altcoin and Three Additional Coins
A popular crypto analyst is optimistic about the prospects of a leading altcoin and three other cryptocurrencies as they navigate through the market.
BNB on the Verge of Breaking ATH
- Altcoin Sherpa predicts that BNB, the native token of the BNB Chain, is poised to reach new all-time highs soon.
- Altcoin Sherpa notes that BNB’s market structure is strong, and he anticipates a substantial rally.
- Currently trading at $669, BNB is up over 7% in the last 24 hours.
- Altcoin Sherpa points out that BNB is likely to flip the $621.50 level into support and continue its upward trajectory.
- BNB hit an all-time high of $686 on May 10th, 2021.
Rising Interest in Bittensor (TAO)
- The analyst also expresses his long-term bullish sentiment towards Bittensor (TAO), a blockchain platform focused on machine learning and AI.
- TAO is currently priced at $392, marking a nearly 4% increase in the last 24 hours.
- Altcoin Sherpa emphasizes the importance of TAO holding the $350 support level to avoid a significant decline.
- He suggests that TAO consolidating between $350-$500 would establish a solid base for potential future growth.
- If TAO fails to maintain the $350 support, it could quickly drop below $300.
My Neighbor Alice (ALICE) and NOT in Focus
- Altcoin Sherpa also shares insights on My Neighbor Alice (ALICE) and NOT.
- ALICE, a play-to-earn NFT video game, faces potential retracement before bouncing back.
- With ALICE currently trading at $2.15 and down over 10% in the last 24 hours, the analyst sees opportunities for scalping at specific price levels.
- He suggests potential bids at $2.13 and $2.03 for short-term gains.
- NOT, a community token for the tap-to-earn game Notcoin, may have found a bottom after bouncing from $0.0199.
- NOT is trading at $0.0240, reflecting an 8% increase in the last 24 hours.
- Altcoin Sherpa’s assessment indicates a possible market recovery for NOT.
Hot Take: Analyst Sees Positive Trends Across Top Altcoin and Emerging Cryptocurrencies
Despite market volatility, the analyst remains bullish on various cryptocurrencies, projecting upward movements in the near future. It’s essential for traders and investors to stay informed and capitalize on potential opportunities presented by these market dynamics.
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