A crypto analyst with a large following explains the position that BNB, the native token of the largest crypto exchange Binance, will take. The analyst also says that the Ethereum layer-2 solution is on the long-term rise in the US. Finally, the analyst updates his outlook for TIA Coin, the popular token of recent days.
Altcoin Sherpa: Entry is suitable for BNB at these levels
cryptokoin.comAs you follow from , the market is on hold amid spot Bitcoin ETF expectations. In this stagnant environment, the popular analyst nicknamed Altcoin Sherpa shared his latest predictions. The analyst predicts that Binance Coin (BNB) will likely decline in the short term. However, he predicts that there will be a big rise this year. In this context, the analyst makes the following statement:
BNB: I think bid around $285. The current space is questionable and the entire market is (currently) shaky. However, there is still an uptick in this regard. I think we will see strong gains for BNB in 2024. Mostly this rise will be through Binance launchpad projects and more.
According to the analyst’s chart, the 0.236 and 0.382 Fibonacci retracement levels of $305.9 and $286 are still acting as support for BNB. Meanwhile, BNB was trading at $307.4 at the time of writing, down 2.78% in the last 24 hours. The token also lost 2.85% value on its weekly chart.
Even though ARB falls in the short term, it is on the rise in the long term!
The analyst next looks at Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). Altcoin Sherpa says he is long-term bullish on ARB. However, he expects it to fall into lower trading ranges in the short term. In this regard, the analyst shares the following assessment:
ARB: I think this is still strong and the price has some clear ranges. I might bid around $1.80 and that would be a good starting point. If things go bad, there may be offers as low as $1.60. Still, the rise continues in this high time frame.
Meanwhile, Arbitrum was trading at $1.78 at the time of writing, down 5.95% in the last 24 hours. However, ARB recorded a 22.8% increase on its weekly chart.
According to the analyst, TIA Coin will continue on its way!
Finally, the analyte covers Celestia (TIA Coin), a Blockchain designed to enable anyone to launch their own decentralized networks at minimal cost. According to the analyst, TIA Coin will likely move higher. In this regard, the analyst explains the following goals for TIA Coin:
TIA: Honestly, when these things usually go, they’ll continue pretty strong. This has been chopped/consolidated for a while, I think the next leg is coming. Bid $14.30 or more and maybe you’ll get it.
Meanwhile, TIA Coin was trading at $15.24 at the time of writing, down 4% in the last 24 hours. However, TIA is up more than 27% on its weekly chart.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!