The cryptocurrency market has gained new momentum and is struggling to maintain it. Leading crypto Bitcoin managed to rise up to 71 thousand dollars. BNB, one of the leading altcoins, reached new peaks. However, everything may be just beginning. An analyst with a large following predicts more for BNB. In addition, the analyst is updating his outlook for 3 altcoins on his radar.
Altcoin Sherpa: BNB has a strong market structure!
cryptokoin.comAs you follow from , movement in the crypto market is increasing. Therefore, investors and traders are eagerly awaiting new opportunities. In this atmosphere, the analyst nicknamed Altcoin Sherpa shared his new predictions with his followers. The analyst first looks at BNB, BNB Chain’s native token. Altcoin Sherpa says BNB continues to have a strong market structure. In this context, the analyst makes the following statement:
BNB: Slow and steady wins the race. This thing went to ATH in no time. I wish I still had a bag full of it, I sold it during the bear market. Those were difficult times.
Looking at its daily chart, the analyst suggests that BNB is about to break the upper end of a trading range into support and continue higher. Meanwhile, BNB recorded a new ATH of $720.67 during the day. At the time of writing, the token was changing hands at $702.4, up 0.5% on a daily basis.
Analyst at TAO long term uptrendyou
Altcoin Sherpa then brings to the table Bittensor (TAO), a decentralized Blockchain platform focused on machine learning and artificial intelligence (AI). Meanwhile, TAO was trading at $430 at the time of writing, up about 3.5% in the last 24 hours. The analyst is long-term bullish on TAO. However, it says TAO should hold the key $350 level as support. Otherwise, he warns, its value will decrease. In this regard, the analyst shares the following analysis.
TAO: I want this to continue for a while around $350-500 to form a solid bottom. This will probably take weeks and that’s the time frame to scale. Obviously if $350 is lost, this thing will quickly fall below $300.
“ALICE will visit the lower levels first!”
Following TAO, the analyst goes by My Neighbor Alice (ALICE), an NFT play-to-earn video game. Meanwhile, ALICE is trading at $2.09 at the time of writing, down more than 5% on a daily basis. The analyst says ALICE will likely revisit the lower Fibonacci levels first. In this context, the analyst states the following for ALICE:
ALICE: If you’re scalping, I think a fast action in .382 and .50 are good setups. $2.13 and $2.03 are reasonable areas to bid in the short term and should provide a bounce.
Altcoin Sherpa: NOT probably formed a market bottom!
Finally, the analyst says NOT, a community token for the popular Telegram-based tap-to-win mining game Notcoin, may have formed a market bottom after bouncing at $0.0199. Meanwhile, NOTE was trading at $0.02142 at the time of writing, down 3.3% in the last 24 hours.
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