DonAlt, one of the analysts who left a deep-rooted mark on the cryptocurrency markets and attracted attention with their frequently accurate predictions, currently has a very optimistic stance for the popular altcoin BNB. Focusing closely on the price movements of the fourth-ranked cryptocurrency, DonAlt thinks that BNB’s potential has not yet been fully explored and that it has a huge upside potential.
According to DonAlt’s analysis, the BNB/USD chart is currently ready to explode. The momentum and price movements on the charts indicate that BNB may experience a significant rise in the near future. The analyst states that the current declines are just buying opportunities and that BNB is performing strongly overall.
BNB is trading at $538 at the time of writing.
On the other hand, if BNB experiences a decline of around 20% from current price levels, it may not be attractive to open a long position on DonAlt. So, the analyst acknowledges that any price below $450 carries some risk. However, he emphasizes that BNB’s overall trend is strong and its future potential is high.
DonAlt also touches on the performance of BNB against BTC and states that the charts of this trading pair are quite positive. He states that BNB is in a relatively strong position in the market, making it an attractive asset for investors.
“So if you want to have a coin that looks really good… BNB is one of them. This chart looks graphic.”
NEWS CONTINUES BELOW
Another cryptocurrency evaluated by the analyst is Bitcoin (BTC). Bitcoin’s behavior at two key levels will signal that the flagship crypto asset could move to the next level, according to the closely followed analyst.
“[Aylık grafikte] I think with any close above $70,000 it will probably go to $80,000, $90,000. “Any close below $57,000 will likely send it towards $45,000.”
Finally, DonAlt makes the following prediction about the leading altcoin Ethereum (ETH):
“If it closes above $3,000 on a weekly basis… then maybe we can talk about getting back to $4,000. So at this point I am more bullish on ETH than I have been in almost years.”
Ethereum is trading at $2,972 at the time of writing.
You can access current market movements here.
