- A crypto analyst makes short-term predictions for BNB, MATIC, PEPE, and other altcoins.
- According to him, BNB has enough capacity to stage a rally from its current price to hit between $300 to $350.
The past few days have been an incredible period for some altcoins including Binance coin (BNB), Solana (SOL), and polygon (MATIC). In the past 24 hours, these assets have been in greens as investors switch to cheaper assets.
According to Pseudonymous analyst Kaleo who has 593,000 Twitter followers, most of these altcoins are poised for incoming rallies. In a message to his followers, Kaleo stated that Dogecoin has signaled a bullish continuation after breaking its diagonal resistance on the four-hour chart. Dogecoin is currently trading at $0.066654 and is expected to break out to a considerable height when it successfully trades above its resistance level of $0.072018.
We’ve already seen a decent resistance break for DOGE on the USD chart. Expecting acceleration above a reclaim of $0.072 (early June pre-breakdown/capitulation level).
The analyst believes that PEPE coin has also gone past its diagonal resistance on the four-hour chart and is preparing for a rally. With the bullish market sentiment, PEPE has surged by 2.8 percent in the last 24 hours to trade at $0.000002. The asset is also up by 5 percent in the last seven days with a safety score of 59/100.
Looking for PEPE to send to the high $0.0000020s from here for a leg-up similar to the one we saw in mid-June.
The bullish potential of this meme coin has never been in doubt as it has surged 67 percent in the last 30 days and 2,843.07 percent in the last 90 days.
The Analyst Predicts on Other Altcoins
Kaleo further critically analyzed MATIC and predicted that it could hit $1.00 once it breaks into the support level of $0.75.
Don’t want to get too greedy. Content with a move to just over $1.00 for MATIC in USD.
MATIC has surged by 7 percent in the last seven days and has a safety score of 84/100. Despite its seven-day run, the asset is still 76 percent down from its all-time high of $2.9.
The analyst also spoke on decentralized derivatives exchange Injective (INJ). According to him, INJ has the potential to reclaim its April high of $9.50.
INJ has already broken high timeframe resistance on the USD chart. Expecting acceleration above a reclaim of the April highs ~$9.50+.
As of press time, the asset was trading at $8.22 after surging by 4.8 percent in the last seven days. The last altcoin to be analyzed was Binance Coin (BNB). Kaleo has observed that BNB can stage a rally to trade within the range of $300 – $350.
Not being too greedy. Just want to see a return to the $300 – $350 range.
As of press time, BNB was trading at $239.62 and had surged by 1.6 percent in the last seven days. Its current safety score is fixed around 47/100 and is down by 64 percent from its all-time high of $686.31.
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