Analyst Expects Strong Exit From BNB, Predicts 56% Run for SHIB, Sets Course for Bitcoin (BTC)

The cryptocurrency market is preparing for a new phase with Bitcoin reaching the $100,000 mark. Some tokens like XRP, which have been quiet for a long time

Cryptocurrency markets are preparing for a new era with Bitcoin closing in on the $100,000 level. While some tokens, such as XRP, are experiencing a surge after a prolonged period of inactivity, analysts anticipate further rallies for specific altcoins.

One experienced analyst, whose predictions are closely monitored by the market, has shared his latest projections for Bitcoin and 3 altcoins.

Analyst expects a massive breakout from BNB

As reported by Kriptokoin.com, spring weather continues to blow in the market. XRP, ETH and SOL are joining Bitcoin today in a strong performance.

However, even if some tokens remain a bit uninspiring, analysts are expecting strong outflows from them. Veteran analyst Ali Martinez says that BNB, the native token of the BNB Chain ecosystem, could jump 164% from the current level if it manages to convincingly break above a major resistance level.

In this regard, the analyst states, “BNB is probably about to break out. I’m watching for a weekly close above $662 for a potential move to $1,630!” At the time of writing, the cryptocurrency is trading at $625.

Ali Martinez predicts a 56% run for SHIB

The analyst then turns his attention to the popular meme coin Shiba Inu (SHIB). According to Martinez, the memecoin is set to rally by around 56% if it convincingly overcomes a major resistance level.

“Shiba Inu is facing resistance at $0.000025, where 40,000 addresses are buying 54.6 trillion SHIB. A sustained close above this supply barrier would likely push SHIB to $0.000039,” he says. At the time of writing, Shiba Inu is trading at $0.00002502.

“Next stop for this cryptocurrency is $11!”

After Shiba Inu, the analyst discusses layer-1 blockchain Polkadot (DOT). According to Martinez, the cryptocurrency price is set to rally by around 86% from its current level if the current momentum continues.

In this regard, the analyst states, “Polkadot is going as planned! Next stop: $11!” At the time of writing, DOT is up over 7% on the daily chart, trading at $6.18.

Analyst sets course for the leading cryptocurrency

Finally, an analyst puts the leading cryptocurrency Bitcoin on the table. According to Ali Martinez, Bitcoin’s current price action appears to be mirroring the third halving cycle, even the Relative Strength Index (RSI), an indicator used to determine overbought or oversold conditions, looks “almost identical”.

Hence, the analyst states, “If true, BTC will go to $108,000. Then it will fall to $99,000. Then it will jump to $135,000!” At the time of writing, Bitcoin is trading at $98,970. The cryptocurrency is up nearly 10% on a weekly basis.

The opinions and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.

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