A crypto analyst closely followed by the crypto community says a major altcoin is showing unique signs of strength amid the ongoing severe correction in the digital asset markets.
Michaël van de Poppe has 614,000 followers, a companion token of the world’s largest crypto exchange platform Binance. Binance Coin (BNB) says it is one of the few cryptocurrencies that currently has an attractive market structure.
Koinfinans.com As we reported, in a recent strategy session, Van de Poppe believes BNB bulls can rally by buying the token somewhere between $215 and $211:
“When it comes to looking at cryptos with potentially long-term potential, [stablecoin] BNB in USDT is probably the only cryptocurrency I would look into. It looked like it was rejecting levels until now, but actually we are moving forward, we are gaining levels…
Before continuing, I would like to see a level reached here. Therefore, if you want to hunt long-term in BNB, I think it makes sense to start at $216 to $215. Maybe you can start looking at $211 if you’re a little more assured, but it’s the only cryptocurrency that’s showing strength right now.”
The crypto expert said that BNB could be on its way to reach the $256 level, rising about 20 percent from the current price.
“It still looks good here for BNB. ETH [Ethereum] The structure on it is similar to the one here.”
Bitcoin (BTC) When it comes to, the analyst says there are three potential scenarios ahead of the leading crypto asset by market cap.
“When I examine Bitcoin, we have several scenarios before us. It is currently hovering above the initial support level, with the lowest confirmation. I would prefer a sweep and recovery of the lows triggers towards the $20,000 level or convert it from support to resistance.”
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.