Renowned crypto analyst Altcoin Sherpa predicts that a top-10 altcoin could soon reach new all-time highs in market capitalization.
Altcoin Sherpa, with a following of 216,700 on X, reveals that BNB, the native token of the BNB Chain, is displaying a robust market structure.
“BNB: steady growth leading to all-time highs. I regret selling my bag during the bear market. Tough times back then.”
Analyzing the daily chart, Sherpa anticipates BNB breaking the resistance level at $621.50 and continuing its upward trend.
Currently priced at $669, BNB has surged over 7% in the past 24 hours, with its previous all-time high recorded at $686 on May 10th, 2021.
In addition, Sherpa expresses long-term optimism for Bittensor (TAO), a decentralized blockchain platform specializing in AI and machine learning.
However, he cautions that TAO must maintain support at $350 to avoid a potential decline in value.
“TAO: Ideally, the price should stabilize between $350-$500 to establish a strong base. This consolidation phase could last for weeks, providing an opportunity to enter. A breach below $350 could lead to a significant drop.”
Trading at $392 currently, TAO has seen a nearly 4% increase in the last 24 hours.
Sherpa also mentions My Neighbor Alice (ALICE), an NFT play-to-earn video game, suggesting that it might retrace to lower Fibonacci levels before bouncing back.
“ALICE: For short-term trades, targeting levels at .382 and .50 seems favorable. Consider bidding around $2.13 and $2.03 for potential rebounds.”
Priced at $2.15 now, ALICE has dipped by more than 10% in the last 24 hours.
Lastly, Sherpa points out that NOT, a community token linked to the tap-to-earn mining game Notcoin, could have hit a bottom after rebounding from $0.0199.
Trading at $0.0240 currently, NOT has surged by 8% in the past 24 hours.
To stay updated on the latest developments, subscribe for email alerts and follow on X, Facebook, and Telegram.
Disclaimer: The opinions expressed by The Daily Hodl are not financial advice. Investors are advised to conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. Transactions and trades are undertaken at the individual’s risk, with any resulting losses being their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor. Affiliate marketing may be involved.