Analyst and trader Ali Martinez believes that BNB, the native token of the BNB Chain ecosystem, could see a significant increase of 164% if it successfully breaks above a major resistance level. Martinez states that BNB has the potential to reach $1,630 if it closes above $662 on a weekly basis. At the time of writing, BNB is trading at $617.

Moving on to Bitcoin, Martinez suggests that its current price action resembles the third halving cycle, with the Relative Strength Index (RSI) showing a similar pattern. If this correlation holds true, Martinez predicts that Bitcoin could reach $108,000, drop to $99,000, and then rise to $135,000. Currently, Bitcoin is trading at $97,282.

Martinez also provides insight on Shiba Inu (SHIB), stating that if it successfully surpasses a major resistance level at $0.000025, it could experience a 56% increase. This resistance level is significant as 40,000 addresses have purchased 54.6 trillion SHIB at this price. If SHIB closes above this level, Martinez anticipates a potential rise to $0.000039. As of now, Shiba Inu is trading at $0.0000252.

Additionally, Martinez mentions the native token of the Polkadot (DOT) blockchain. According to him, Polkadot has the potential to increase by approximately 86% if the current momentum continues. Martinez sets the next target for Polkadot at $11. Currently, Polkadot is trading at $5.92.

Disclaimer: The opinions expressed in this article do not constitute investment advice. Investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Transfers and trades are done at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.