DonAlt, a crypto analyst closely followed by investors, mentioned an expected rise in a top 10 altcoin by market value. He also shared his latest observations on Bitcoin (BTC) and Ethereum (ETH).
BNB Bull Signal
While conveying optimism to his 59,100 subscribers on the TechnicalRoundup YouTube channel, DonAlt focused on the chart of BNB, the main network asset of the BNB Chain. He said, “I love BNB… I love the BNB chart. This BNB/USD chart is basically begging for a strong rise. I think any drop in altcoin will just be a buying opportunity.”
According to the analyst, BNB, the fourth-largest crypto asset by market value, could enter a risky zone if it falls about 20% from the current level, that is, below the $450 threshold.
Bitcoin and Ethereum Analysis
Following BNB, DonAlt analyzed Bitcoin, emphasizing the importance of behavior at two key levels in predicting the largest cryptocurrency’s future direction. “I think any close above $70,000 on the monthly chart will likely open the way to $80,000, $90,000… Any close below $57,000 will likely lead to a move towards $45,000,” he said.
Lastly, DonAlt expressed increased optimism for Ethereum, the king of altcoins, especially if the weekly close is above $3,000. According to the analyst, $3,000 is a significant threshold for ETH. “If this week’s weekly close is above $3,000, then maybe we can talk about returning to $4,000. At this point, I would be more bullish on ETH than I have been in years,” he stated.
