Injective

<div class="dailyhodl">
 A closely followed crypto analyst says that BNB, the native token for the BNB Chain ecosystem, is one of the most solid high-cap plays for the current market correction.
 Pseudonymous trader Kaleo tells his 630,000 followers on the social media platform X that he thinks BNB is gearing up for a breakout.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 He shares a BNB versus Bitcoin (BNB/BTC) chart suggesting that BNB is set to start outperforming the crypto king in the coming weeks.
 “Still believe BNB is one of the best high cap buys out there right now on this dip/retest.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GI0fppoXIAApO6x?format=jpg&amp;name=large" alt="Image" width="673" height="1172">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 Looking at the trader’s chart, he seems to predict that BNB/BTC will print a high of 0.0115 BTC ($786.98).
 At time of writing, BNB is trading at 0.008466 BTC ($579).
 Kaleo is also bullish on the layer-1 crypto project Injective (INJ).
 According to the analyst, INJ is getting ready to print new all-time highs after knocking on the resistance level at $45.
 “I’m still bullish on INJ here.
 I’ll be very surprised if this breakout/retest doesn’t send back into price discovery.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIvt7HkXQAEFr30?format=jpg&amp;name=medium" alt="Image" width="1200" height="544">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 Backing up his bullish stance on Injective, Kaleo says that the INJ/BTC chart indicates a critical resistance near 0.0004 BTC ($27.37) has been flipped into support and that a big move upward is now likely.
 “The INJ/BTC ratio chart is cleaner, gives me more conviction.
 High time frame breakout, support/resistance flip… accumulate above support… then gigasend should be next.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIvufpuXgAAbzis?format=jpg&amp;name=large" alt="Image" width="1808" height="823">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 Looking at the trader’s chart, he seems to predict that INJ/BTC will soar to 0.0035 BTC ($239).
 At time of writing, INJ is trading for $42.56.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-breakout-rallies-for-bnb-and-one-ethereum-rival-here-are-his-targets-tbt82848.html">https://thebittimes.com/analyst-predicts-breakout-rallies-for-bnb-and-one-ethereum-rival-here-are-his-targets-tbt82848.html</a>

Analyst Predicts Breakout Rallies for BNB and One Ethereum Rival – Here Are His Targets

TheBitTimes

Other articles published on Mar 18, 2024

Meme AI (MEMEAI) Hype Slows Down & Redirects to New Meme Coin Shiba Budz (BUDZ) Priced $0.002

Solana Network Activity Surpassed Ethereum

Omniwars Launches a Gaming Universe, Empowering Players with Fantasy Hero Adventures.

A Recent Report Explains the Relationship Between Bitcoin Price Surge and Luxury Watches!

Bitcoin Price Prediction: Standard Chartered Sees BTC Hitting $150K In 2024 And $250K Next Year A...

Analyst Explains Why You Should NOT Invest in Solana Meme Coins Like SLERF

Join our free newsletter for daily crypto updates!