A closely watched cryptocurrency strategist has updated his outlook for two decentralized finance (DeFi) tokens, saying he thinks the top 10 altcoins will hit new all-time highs.
Pseudonymous analyst Altcoin Sherpa says Binance Coin (BNB), the native asset of the world’s largest cryptocurrency exchange platform, could maintain its bullish trend for some time, said 211,300 followers of social media platform X.
“BNB: This easily reached an all-time high and I think this was clear. “I expect there will be a bit of a decline before it hits an all-time high, but I think we’ll break it completely in the coming months.”
Looking at the trader’s weekly chart, he suggests that BNB could extend the uptrend that began in early 2024 by breaking a key resistance level near $661.70.
As of this writing, BNB is trading at $590.96, down more than 1% in the last 24 hours. BNB hit an all-time high of $686.31 on May 10, 2021.
Next, the trader said Aave (AAVE), a lending and borrowing protocol, could have more upside potential. broken There is a long trading range between the lower limit of $45.60 and the upper limit of $112.40.
“AAVE: There is still a lot of upside in some of these good DeFi 1.0 coins. That said, I’m not sure if they’re actually bidding. “It’s probably a good coin to buy without worrying about it.”
AAVE is trading at $137.77, down more than 3% at the time of writing.
Finally, the merchant says: left Decentralized exchange (DEX) platform Injective (INJ) is bullish after its underlying asset surged outside its trading range. However, he warns that INJ could first decline or move sideways.
“INJ, looking for some dip/consolidation buying right now. “I look forward to seeing more runs and hope it’s not just an aberration.”
INJ is trading at $47.88 at the time of writing and has fallen slightly over the past 24 hours.
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