Renowned crypto analyst Kaleo is making waves with his bold prediction that a top-10 altcoin by market cap is gearing up to reach new all-time highs (ATH).

Sharing his insights with his 642,000 followers on X, Kaleo points out that BNB, the utility token for the BNB Chain ecosystem, is following a price pattern from 2021 on the four-hour chart that previously led to ATHs.

Drawing parallels between BNB’s current breakout and retest to its movements in the Spring of 2021, Kaleo advises followers to consider adding heavily to their positions, especially if BNB dips below $650.

Price discovery, a term used by crypto traders and analysts to describe when a coin reaches previously unseen price levels, could be on the horizon for BNB, currently trading at $679, a decrease of over 4% in the last 24 hours.

Looking ahead, Kaleo predicts a breakout for Ethereum against Bitcoin, suggesting that this move could propel layer-1 Ethereum Virtual Machine (EVM) projects to new heights.

With Ethereum trading at $3,686, down 3% in the last 24 hours, Kaleo anticipates that the ETH/BTC ratio will surpass 0.10 BTC ($6,926), potentially opening up opportunities for high ETH beta plays, including alt L1 EVMs.

Highlighting the historical context, Kaleo emphasizes that Ethereum is in the nascent stages of a parabolic market cycle, leaving investors with a bullish sentiment.

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