The cryptocurrency market is struggling to move forward after the Bitcoin halving in the absence of a new catalyst. In an environment where bearish predictions for Bitcoin and altcoins are increasing, investors prefer to stay on the sidelines. However, investors continue to prepare for a new bull run. To give you an idea, an analyst with a large following shares 2 altcoin projects that he is bullish on.
Analyst creates TON position
cryptokoin.comAs you follow from , Bitcoin and altcoins are losing strength. Leading crypto Bitcoin visited below $62,000 today. Leading altcoin Ethereum is struggling to stay above $3,000 against sharp sell-offs. Although the market sentiment is gloomy, analysts say it makes sense to prepare for the future. The analyst, nicknamed Loma, shared his latest predictions with his 303,000 followers on the social media platform X. The analyst says he wants to accumulate Toncoin (TON) around $5. In this context, the analyst makes the following statement:
to accumulate [1] I create a TON of positions when searching for something like field. Position [2] Complete in the field. Any acceptance below 1]and that probably just means it’s time to reduce the size or cut it out entirely, because I’m wrong. I think a lot of cryptocurrencies are like this regardless of value, pick your position. I don’t think it makes much sense to be extremely bearish on high time frame market structure pivots.
Meanwhile, at the time of writing, TON was trading at $5.22, down 5.36% on its daily chart. Therefore, it is quite close to the levels that analysts expect for accumulation.
According to the analyst, this altcoin stands out among others!
The analyst then moves on to BNB, the native token of Binance, the world’s largest crypto exchange. According to Loma, BNB is likely poised to hit new all-time highs (ATHs). In this regard, the analyst says the following:
Binance Coin has already erased all bearish movement. Quarterly cremation events. Negative funding rate. If you expect Solana, Ethereum and others to do this as well, I don’t see any reason why it wouldn’t make new ATHs as well.
Meanwhile, at press time, BNB was trading at $591, down 2.2% on a daily basis. The analyst attributes multiple bullish factors for the altcoin. In this context, he describes BNB as a black horse for large-cap crypto assets. Loma expresses his views on this issue as follows:
I think Binance Coin is a live black horse for the big guys. Structurally, it looks good on both USD and BTC pairs. Negative funding exists as spot assets are typically hedged for fee cuts by larger whales. Free from SEC persecution in the short/medium term. I have a bag.
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