Leading crypto analysts have announced altcoin projects that they expect to explode in the near future! Among these projects are coins such as popular altcoin LINK, BNB! Here are the details…
Experts explained: “LINK, BNB and these altcoins may explode in altcoin season!”
Bitcoin’s dominance is waning as the Ethereum Shapella/Shanghai upgrade kicks off the long-awaited alt season. With the top meme coins already showing signs of divergence, crypto cash flow is expected to shift towards altcoins in the coming weeks. Additionally, in a promising sign for altcoin investors, Binance, the largest centralized crypto exchange, has recorded a positive net Bitcoin balance with deposits of 7,101 BTC over the past seven days. Now, experts are focused on these altcoin projects, which they expect to rise in the near future. Popular crypto analyst @MikybullCrypto detailed a list of large-volume altcoins that have the potential to explode in the coming weeks in a series of tweets.
As the Alts market begin seeing significant moves, let's look at some large cap ALTs analysis
Lower cap Alts will be posted later.
Analysis based on P.A
1. #BNB
Breaking out of the ascending triangle. Target from here 450$
🧵 1 pic.twitter.com/jxM9k2gArn
— Mikybull 🐂Crypto (@MikybullCrypto) April 18, 2023
Binance (BNB)
According to the analyst, BNB is likely to break out of the ascending triangle soon. Moreover, the asset has retested the upper side of the ascending triangle several times since June last year. The fourth-largest digital asset by market capitalization has gained nearly 8 percent over the past seven days, trading around $344 on Tuesday. The analyst gave a BNB price target of $450.
Chainlink (LINK)
Popular altcoin project Chainlink (LINK) is another altcoin that signals a high probability of a short-term breakout. Consolidating in the same range since May 2022, the analyst believes the asset will explode soon, trading between $15 and $18. Instantly, Chainlink (LINK) price is trading at $ 7.53.
Arbitrum (ARB)
Arbitrum’s (ARB), the Ethereum-based layer-2 scaling solution that has come to the fore recently, is another altcoin project that has a high chance of popping up soon. For the project, which traded around $1.75, up about 6.9 percent on Tuesday, the analyst announced its short-term price target as about $2.5 to $2.8. Instantly, Arbitrum (ARB) is trading at $1.42.
Avalanche (AVAX)
Another cryptocurrency on the list of experts is the altcoin project Avalanche, which Turks frequently invest in. With a price target of around $50 for the project, the analyst insisted that Avalanche (AVAX) is poised for a big move in the higher timeframe and expects a breakout for Avalanche in the near future. Instantly, the AVAX price is located at $ 18.40.
NEAR Protocol (NEAR)
Another altcoin project, which has made a mark in the crypto money market in the past years, has found its place on the analyst’s list. In his comments on Twitter, the popular analyst argued that NEAR price would need to work above the resistance level of around $3 to warrant a rise towards $8. Instantly, NEAR price is trading at $2.04.
Left (LEFT)
As you know, Solana (SOL), which suffered a major injury from the FTX disaster last year, entered 2023 rapidly and pleased many investors. Analysts for the popular altcoin on the experts’ list examined the bullish outlook for the price of Solana, which is ranked 11th by market cap. However, according to analysts, SOL price could reach $45-50 in the short term and $80-100 in the long term. Momentarily, SOL price is trading at $21.90.
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