Bitcoin (BTC), Ethereum (ETH) and another major altcoin are poised to bounce back with a strong rally, according to a famous whale known for its accurate predictions.
The famous whale is waiting for a rally in these altcoin projects
The crypto whale nicknamed Kaleo with 509,000 Twitter followers says that the selling pressure in the stock markets is currently affecting Bitcoin. According to Kaleo’s analysis, Bitcoin will continue to trade sideways until it breaks out of its range and rises above $38,000, a 20% increase from current levels.
Bitcoin is currently trading at just over $30,000. After losing more than 30% in the last two weeks, it has rebounded slightly in the last 24 hours.
Switching to Ethereum, Kaleo predicts a green week for the leading altcoin
In the continuation of his analysis, Kaleo believes that Ethereum will rally in the coming weeks and updates his ETH price predictions. In the short term, the crypto analyst thinks ETH is poised for a 26% increase:
$2,600 ETH seems reasonable.
At the time of writing, Ethereum (ETH) has gained back $2,000, up 3% since last week. It continues this momentum with the slight rise in the last 24 hours.
On the radar of a senior crypto analyst at Binance Coin (BNB)
According to Kaleo, the Binance Coin/Bitcoin pair (BNB/BTC) is on the verge of setting an all-time high in the coming months. Looking at the chart below, the analyst says the following about when the peak may occur:
BNB/BTC seems to be targeting an all-time high by the end of this summer. In a weak market, this is an extraordinary strength.
BNB Coin (BNB) is currently trading at $334. It’s up 13% since last week and 5% in the last 24 hours. The cryptocurrency of the Binance exchange thus reduced the gap to 50% with an ATH price of $690.93.
As we reported on Kriptokoin.com, crypto-friendly browser Opera integrated with the Binance Smart Chain ecosystem in early May to support Chain-based decentralized applications. The BNB price has lost more than 30% from this announcement due to the recent Terra crash.
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