Altcoins
Analyst Says Blue-Chip Altcoin Could Hit New All-Time Highs Soon, Updates Outlook on Three Additional Coins
A widely followed crypto analyst believes that one of the top 10 altcoins by market cap could soon hit new all-time highs (ATH).
Cryptocurrency trader pseudonym Altcoin Sherpa tells his 216,700 followers on the social media platform X that BNBthe native token of the BNB chain, continues to have a strong market structure.
“BNB: Slow and steady wins the race. This thing is going to ATH shortly. I wish I still had a bag of it and sold it during the bear market. Hard times then.”
Source: Altcoin Sherpa/X
Looking at its daily chart, the trader suggests that BNB is about to flip the upper trading range boundary at $621.50 into support and continue higher.
At the time of writing, BNB is trading at $669, up more than 7% in the last 24 hours. BNB reached an ATH of $686 on May 10, 2021.
Next, the trader is long-term bullish on Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and artificial intelligence (AI).
However, he warns that TAO must hold the key $350 level as support, otherwise it could collapse in value.
“TAO: I would like to see this continue to cut around $350-$500 for a while to form a solid bottom. It will probably take weeks and that’s the amount of time to expand. Obviously if $350 is lost, this thing will quickly drop below $300.”
Source: Altcoin Sherpa/X
TAO trades for $392 at the time of writing, up nearly 4% over the past 24 hours.
Next, the merchant He says My neighbor Alice (ALICE), a play-to-earn video game with non-fungible tokens (NFTs), could revisit lower Fibonacci levels before rebounding.
“ALICE: If you are scalping, I think making a quick trade at .382 and .50 are decent setups. $2.13 and $2.03 are reasonable areas to bid in the near term and should provide a bounce.”
Source: Altcoin Sherpa/X
ALICE trades for $2.15 as of this writing, down more than 10% in the last 24 hours.
Finally the merchant He says That NOTa community token for Notcoin, the popular Telegram-based tap-to-earn mining game, may have hit market bottom after rebounding from $0.0199.
Source: Altcoin Sherpa/X
NOT is trading for $0.0240 at the time of writing, up 8% in the last 24 hours.
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