Scott Melker, a crypto analyst and trader who is closely followed by the crypto community, predicts an explosive altcoin will continue to rise and says it will experience new rallies for four other crypto assets as well.
Trader Scott Melker, 673,200 Twitter followers, smart contract platform Avalanche (AVAX) He said he expects it to hit all-time highs above $100 after retesting key support around $80.
“New all-time high. Note the change of support. It’s an incredible big bullish chart, nothing but higher lows and higher highs.”
Next on the analyst’s list is Binance Coin (BNB), the service token that powers the Binance ecosystem. Melker believes BNB will hit an all-time high around $700.
“I drew, and the price did the same.”
DOT, the governance token of interoperability blockchain Polkadot, is also next on Melker’s list. Analyst DOT believes it is ready to rally to all-time highs above $60 after turning the $50 resistance into support.
“Nice retest for now”
Melker also decentralized music streaming protocol Audius (AUDIO) is also following closely. According to the crypto analyst, AUDIO only has to break the resistance at $4.99 with its rally after breaking the cross resistance that has kept the market down for more than two months.
“He will make it happen.”
The last altcoin on Melker’s radar is a next-gen gaming metaverse project. Star Atlas (ATLAS). According to the crypto strategist, a move above the $0.17 resistance will likely lead ATLAS to rise to its target of $0.24 or above.
“One of my biggest positions is long-term investment and I have no intention of selling for years. But if you are trading, breaking this resistance could send it bullish.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.