Analyst Highlights Potential Breakout for Prominent Altcoin, Provides Bitcoin and Ethereum Outlook Update
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Analyst Highlights Potential Breakout for Prominent Altcoin, Provides Bitcoin and Ethereum Outlook Update

A well-known cryptocurrency analyst and trader, who goes by the pseudonym DonAlt, is sharing positive sentiment about a top-10 altcoin based on market capitalization. In a video posted on the TechnicalRoundup YouTube channel, which has a subscriber count of 59,100, DonAlt asserts that the price movement of BNB, the native token of the BNB Chain, is currently indicating significant potential for growth.

DonAlt states, “I am a fan of BNB… I really like the BNB chart. This is the BNB/USD chart, and it is on the verge of a breakout. If there is a drop in price, it would be an ideal buying opportunity.”

At the time of writing, BNB is trading at $561.

The anonymous analyst explains that if BNB were to decrease by approximately 20% from its current level, it would no longer be an attractive long-term investment option. He adds, “Anything below $450 would be a bit risky. However, overall, the chart looks very strong. Additionally, if we analyze the BNB/BTC pair, we can see what true dominance looks like. It is an incredibly promising chart. So, if you are searching for a coin with potential, BNB is one of them. The chart looks exceptional.”

Moving on to Bitcoin (BTC), DonAlt highlights that the behavior of the flagship cryptocurrency around two crucial levels will provide insight into its future direction. He predicts, “If Bitcoin closes above $70,000 on the monthly chart, it will likely reach $80,000 or even $90,000. Conversely, if it closes below $57,000, we might see a drop towards $45,000.”

Currently, Bitcoin is trading at $58,840.

Regarding Ethereum (ETH), DonAlt expresses a particularly bullish sentiment. He states, “If Ethereum closes above $3,000 on the weekly chart this week, we can begin discussing a potential return to $4,000. This is the most optimistic I have been about ETH in years.”

At the time of writing, Ethereum is trading at $2,988.

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