Prominent Analyst Identifies One Established Altcoin Poised for a Breakout, Provides Latest Insights on Bitcoin and Ethereum
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Prominent Analyst Identifies One Established Altcoin Poised for a Breakout, Provides Latest Insights on Bitcoin and Ethereum

An influential cryptocurrency analyst and trader is sharing optimistic views on a top-10 altcoin based on its market capitalization. Going by the pseudonym DonAlt, this analyst has a following of 59,100 subscribers on the TechnicalRoundup YouTube channel. DonAlt believes that the price movement of BNB, the native token of the BNB Chain, is currently indicating significant potential for growth.

Expressing enthusiasm for BNB, DonAlt states, “I am a fan of BNB… I really like the BNB chart. This is the BNB/USD chart, and it is practically begging to break out. If it experiences a dip, it would be an ideal buying opportunity.”

As of now, BNB is trading at $561.

According to DonAlt, if BNB’s price drops by approximately 20% from its current level, it would no longer be an attractive long-term investment opportunity. He explains, “Anything below $450 would start to look somewhat risky. But overall, the chart appears very strong. Additionally, if we consider the BNB/BTC pair, we can see what absolute dominance looks like. That chart looks exceptionally promising. So, if you are looking for a coin with potential, BNB is definitely one of them.”

Moving on to Bitcoin (BTC), DonAlt suggests that the behavior of the flagship cryptocurrency around two key levels will provide signals about its future trajectory. He states, “If Bitcoin manages to close above $70,000 on the monthly chart, it will likely head towards $80,000 or $90,000. Conversely, if it closes below $57,000, we can expect it to drop to around $45,000.”

At present, Bitcoin is trading at $58,840.

Regarding Ethereum (ETH), DonAlt expresses a bullish sentiment, saying, “If Ethereum closes above $3,000 this week on the weekly chart, we can start considering a potential return to $4,000. In fact, I am more optimistic about ETH than I have been in years.”

As of now, Ethereum is trading at $2,988.

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