The long-awaited Ethereum Shanghai upgrade altcoin Bitcoin’s dominance is waning as the season kicks off. With the top meme coins already showing signs of divergence, crypto cash flow is expected to shift towards altcoins in the coming weeks. Additionally, in a promising sign for altcoin investors, Binance, the largest centralized crypto exchange, has recorded a positive net Bitcoin balance with deposits of 7,101 BTC over the past seven days.
Altcoins to Watch
Popular crypto analyst @MikybullCrypto has detailed a list of major-volume altcoins that have the potential to explode in the coming weeks in a series of tweets. announced.
As the significant the Alts market begin seeing moves, let’s look at some large cap ALTs analysis
Lower cap Alts will be posted later.
NEWS CONTINUES BELOWAnalysis based on PA
one. #BNB
NEWS CONTINUES BELOWBreaking out of the ascending triangle. Target from here 450$
🧵 1 pic.twitter.com/jxM9k2gArn
— Mikybull 🐂Crypto 🔬 (@MikybullCrypto) April 18, 2023
Read on as we dive deep to understand all of his recommendations and provide fair analysis so you can make good investment decisions.
Binance (BNB)
According to the analyst, BNB is likely to break out of the ascending triangle soon. Moreover, the asset has retested the upper side of the ascending triangle several times since June last year. The fourth-largest digital asset by market capitalization has gained nearly 8 percent over the past seven days, trading around $344 on Tuesday. Analyst $450 BNB price target.
Chainlink (LINK)
Chainlink (LINK) is another altcoin that signals a high probability of a short-term breakout. Consolidating in the same range since May 2022, the analyst believes the asset will explode soon, trading between $15 and $18.
Arbitrum (ARB)
Ethereum-based layer 2 scaling solution Arbitrum’s (ARB) is another altcoin that has a good chance of popping up soon. The analyst, which traded around $1.75 on Tuesday, up about 6.9 percent, explained its short-term price target as around $2.5 to $2.8.
Avalanche (AVAX)
With a price target of around $50, the analyst insisted that Avalanche (AVAX) is poised for a big move on a higher time frame.
Near Protocol (NEAR)
He argued that NEAR price would need to work above the $3 resistance level to warrant a rise towards $8.
Left (LEFT)
Ranked 11th by market value witherThe price seems to be bullish. As a result, the analyst is targeting $45-$50 in the short-term and $80-$100 in the long-term.
You can find the current market movements here.