A prominent cryptocurrency analyst and trader, known as DonAlt, is sharing an optimistic view on a top-10 altcoin in terms of market capitalization. DonAlt, who maintains an anonymous identity, is addressing a large audience of 59,100 subscribers on the TechnicalRoundup YouTube channel. He believes that the price movement of BNB, the native token of the BNB Chain, is currently indicating significant potential for growth.
Expressing his enthusiasm for BNB, DonAlt states, “I am fond of BNB… I find the BNB chart quite appealing. This is the BNB/USD chart, and it seems to be on the verge of a breakout. In my opinion, any dip in its price would be an opportunity to buy.”
At the time of writing, BNB is trading at $561.
The anonymous analyst suggests that if BNB experiences a drop of approximately 20% from its current level, it might no longer be an attractive option for a long-term investment. He notes, “If the price falls below $450, things might start looking uncertain. However, overall, the chart appears very strong.”
DonAlt further praises the BNB/BTC pair, stating, “If you want to invest in a coin with a promising chart, BNB is one of them. The chart looks excellent.”
Moving on to Bitcoin (BTC), the analyst highlights that the behavior of Bitcoin around two key levels will indicate its future trajectory. He states, “If Bitcoin closes above $70,000 on the monthly chart, it will likely head towards $80,000 or $90,000. Conversely, if it closes below $57,000, it might drop to around $45,000.”
Currently, Bitcoin is trading at $58,840.
As for Ethereum (ETH), DonAlt expresses a highly bullish sentiment, stating, “If Ethereum closes above $3,000 on the weekly chart this week, then we can consider the possibility of it reaching $4,000. I haven’t felt this bullish about ETH in years.”
At the time of writing, Ethereum is trading at $2,988.
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