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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/link-bnb-price-closer-for-a-bullish-breakout-heres-why-a-huge-altseason-is-on-the-horizon/">LINK &amp; BNB Price Closer for a Bullish Breakout-Here’s Why a Huge AltSeason is on the Horizon!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto space appears to have benefited from the <a href="https://coinpedia.org/news/fed-raises-rates-by-25-bps-hints-at-further-increase-in-september/" target="_blank" rel="noopener noreferrer nofollow">FED’s recent 25 basis point hike</a> in interest rates. The bitcoin price has attracted significant gains since the early trading hours as it trades close to one of the major resistance levels at $29,500. While the weekly close approaches, followed by the monthly close, volatility may rise, pushing the price above the critical resistance level of $29,800.</p> 
<p>Besides, the dominance of Bitcoin continues to drop, which coincides with the sluggish trend of the star crypto. Hence, the expectation of an altseason rises, which suggests it may be a good time to buy alts. The price of Bitcoin remains stuck within a rising wedge, which suggests a higher probability of the price going down, which certainly has plenty of time. In the meantime, top altcoins, BinanceCoin (BNB) and Chainlink (LINK) appear to be on the edge of a massive explosion.&nbsp;</p> 
<h2 id="binance-coin-bnb" data-name="binance-coin-bnb" class="wp-block-heading">Binance Coin (BNB)&nbsp;</h2> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh5.googleusercontent.com/WqQHNYQ2_Jo_l7arCjMd_Xed7NeiHfrWSJYkqvqfZ16f-W9FcXRD-QOCihoQglMr_GkToMfZwhvUK5pSpSdld_9VRzRHGyD5NWAs8QlhdCn2846xp4Vdw4moubCEoT3HVAJTFzSlkN8M9UkSvfHxUq8" alt=""> 
</figure> 
<p>Binance’s coin price is testing an area that proved to be extremely strong in several cases. Every time the price tested the $225 region, it was followed by bullish price action. Therefore, if a similar price action follows at the moment, then the <a href="https://coinpedia.org/price-analysis/bnb-price-analysis-bnb-prices-prepare-lift-off-from-this-support-level/" target="_blank" rel="noopener noreferrer nofollow">next target could be mapped</a> at around $325 to $335, with a nearly 40% to 50% jump. Therefore, the long trade could be placed around $232.5, with the first target at $258.3, followed by the higher targets as mapped on the chart.&nbsp;</p> 
<h3 class="wp-block-heading" id="chainlink-link">Chainlink (LINK)&nbsp;</h3> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh3.googleusercontent.com/A9gJyD_9-kHfPrpGXZt4IF-yFBgwmV96E5KZKboOOwhnuYyqRm0miDmK0Tf1l4dtlrltAZlcDWtEAB8h_8iHeN1qnAb7-WpV40BTLzJjyY_J_sOSf5TMs2DJRwUDbYCiioSNhRl7MEv-rIVRIIgOtyc" alt=""> 
</figure> 
<p>Over the last year, LINK has been trading very steadily between $5.5 and $9. With the price currently trading around $8, the major question is whether the price can break above the resistance this time, after multiple failed attempts. Therefore, a daily close above $10 could confirm a bullish breakout. Considering the LINK price, which has been trading sideways for nearly a year, <a href="https://coinpedia.org/price-analysis/chainlink-price-analysis-with-a-fresh-start-link-price-are-aiming-at-9-80/" target="_blank" rel="noopener noreferrer nofollow">an explosive move</a> could be on the horizon.&nbsp;&nbsp;</p>

LINK & BNB Price Closer for a Bullish Breakout-Here’s Why a Huge AltSeason is on the Horizon!

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