Altcoins
Analyst Says Blue-chip Altcoin Could Soon Reach New All-Time Highs, Updates Outlook on Three More Coins
A widely followed crypto analyst believes that a top 10 altcoin by market cap could soon reach new all-time highs (ATH).
Pseudonymous crypto trader Altcoin Sherpa tell his 216,700 subscribers on the social media platform BNBthe native token of the BNB chain, continues to have a solid market structure.
“BNB: Slow and steady wins the race. This thing will be sent to the ATH soon. I wish I still had a bag of these, I sold them during the bear market. Tough times then.
Source: Altcoin Sherpa/X
Looking at his daily chart, the trader suggests that BNB is about to flip the upper limit of a trading range at $621.50 into support and continue to rise.
BNB is trading at $669 at the time of writing, up more than 7% in the last 24 hours. BNB reached an ATH of $686 on May 10, 2021.
Then the trader is long term bullish on Bittensor (TAO), a decentralized blockchain platform focused on machine learning and artificial intelligence (AI).
However, he warns that TAO must hold the key $350 level as support or else its value could collapse.
“TAO: I would like to see this continue to chip away a little bit around $350-$500 to form a solid bottom. This will probably take weeks and that’s the time frame needed to get there. Obviously, if $350 is lost, this thing is going to quickly drop below $300.
Source: Altcoin Sherpa/X
TAO is trading at $392 at the time of writing, up almost 4% in the last 24 hours.
Then the trader said My neighbor Alice (ALICE), a non-fungible token (NFT) to win video game, could revisit lower Fibonacci levels before rebounding.
“ALICE: When scalping, I think making a quick trade at .382 and .50 is a decent setup. $2.13 and $2.03 are reasonable areas to bid in the short term and should allow for a rebound.
Source: Altcoin Sherpa/X
ALICE is trading at $2.15 at the time of writing, down more than 10% in the last 24 hours.
Finally, the trader said that NOTa community token for the popular Telegram-based mining game Notcoin, may have hit a market low after rebounding from $0.0199.
Source: Altcoin Sherpa/X
NOT is trading at $0.0240 at the time of writing, up 8% in the last 24 hours.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Hodl Daily Blend
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway