Cryptocurrency experienced analyst closely followed by his investors capothe largest short position on Telegram recently On Binance Coin (BNB) said that.
At this point, the altcoin that he expects to drop the most BNB The analyst stated that BNB is the most short-selling altcoin.
“There is a bearish trend in BNB both in the long and short term. At this point, I expect bad news for BNB to come soon, and it’s only a matter of time before it happens.
BNB is the altcoin I short sell the most.”
Using Elliot Wave theory in his BNB analysis, Capo claimed that BNB broke out of an upside channel and entered a bearish trend.
Analyst expecting massive drop in BNB BNB He stated that the first target for this was $125. This represents a decrease of about 48% from BNB’s current level of $243.
Analyst outside BNB Ethereum (ETH) known as rival Left (LEFT) He also said he expects a decrease.
According to the analyst, LEFT If it fails to hold the $30 support level, it could drop to $25.
SOL is trading at $25.21 at the time of writing.
*Not investment advice.
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