With Bitcoin falling below 70 thousand dollars, the cryptocurrency market began to consolidate. However, there are also tokens that continue to rise by separating from the market. Even some AI-focused tokens continue to see strong increases. In this mixed atmosphere, one analyst with a large following says that BNB, the native token for the BNB Chain ecosystem, is one of the most solid high-cap plays for the current market correction. The analyst also predicts new highs for another altcoin.
Kaleo: BNB is gearing up for a launch!
cryptokoin.comAs you follow from , leading crypto Bitcoin started to consolidate after losing $70 thousand. However, Solana managed to surpass Binance’s native token BNB with strong moves. However, a popular analyst with the pseudonym Kaleo says BNB is poised for a breakout. The analyst suggests that BNB will begin to outperform the crypto king in the coming weeks. In this context, Kaleo shares a chart of BNB (BNB/BTC) against Bitcoin and makes the following statement:
I still believe BNB is one of the best large-cap buys right now in this dip/retest.
According to his chart, the analyst predicts BNB/BTC will rise to 0.0115 BTC ($786.98). Meanwhile, at the time of writing, BNB was trading at 0.008466 BTC ($579).
The analyst is very bullish on this altcoin!
Kaleo is also bullish on layer-1 crypto project Injective (INJ). According to the analyst, INJ is poised to hit new all-time highs after hitting the resistance level at $45. In this regard, the analyst said, “I am still bullish on INJ. “I will be very surprised if this breakout/retest does not lead to a return to price discovery.” says.
Supporting his bullish stance on Injective, Kaleo says the INJ/BTC chart indicates that a critical resistance near 0.0004 BTC ($27.37) has turned into support and a major move upwards is now likely. The analyst said, “INJ/BTC rate chart is cleaner, gives me more confidence. Breakout on higher timeframe, support/resistance reversal… accumulation above support… then gigasend should be next.” says.
According to his chart, the analyst predicts INJ/BTC will rise to 0.0035 BTC ($239). Meanwhile, at the time of writing, INJ was trading at $39.07. The altcoin is in the red zone on its daily and weekly chart.
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