Satoshi

Algorand

Captain

Coin

Gains

<p>Binance Coin (BNB) and Algorand (ALGO) are showing promising bullish trends, according to top analysts. Captain Faibik identifies a breakout pattern in BNB, suggesting a significant upward rally. Similarly, CryptoBullet highlights a potential major upswing for ALGO, mirroring past market cycles..</p>
<h2 class="wp-block-heading" id="strong-binance-coin-bnb-price-analysis-strong"><strong>Binance Coin (BNB) Price Analysis</strong></h2>
<p>Captain Faibik, a top crypto analyst, has confirmed a bullish pennant breakout for Binance Coin (BNB) on the daily timeframe chart. His analysis identifies an ascending triangle formation, a classic bullish continuation pattern. This formation is created by a horizontal line around the $620 level and an ascending trend line connecting higher lows from February to May.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a> Bullish pennant Upside Breakout is Confirmed on the Daily timeframe Chart.. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Next Bullish Rally incoming..<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/231b.png" alt="⌛" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNB</a> <a href="https://twitter.com/hashtag/BNBUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNBUSDT</a> <a href="https://t.co/E4vcKzI49D" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E4vcKzI49D</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1793175206342562192?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The resistance level around $620 has been tested multiple times without a breakthrough until the most recent candlestick. This resistance level is critical, as breaking above it signals a potential upward rally. On the other hand, the ascending trend line, currently around $550, provides dynamic support.</p>
<h3 class="wp-block-heading" id="strong-breakout-and-market-implications-strong"><strong>Breakout and Market Implications</strong></h3>
<p>The recent candlestick breakout above the $620 resistance level suggests a validation of bullish sentiment. Captain Faibik projects a target price of approximately $920, a 50% increase from the breakout point. This projection is based on the height of the triangle pattern projected upwards.</p>
<p>The successful breakout could attract more buying pressure, with the $620 level now expected to serve as a support during pullbacks. However, traders should anticipate increased volatility as the price approaches the $920 target. Monitoring volume and potential fundamental shifts will be crucial for sustaining this upward trajectory.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/is-ondo-finance-crypto-a-smart-investment-despite-diverging-from-bitcoins-btc-price-insights-revealed/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Is ONDO Finance Crypto a Smart Investment Despite Diverging from Bitcoin’s (BTC) Price? Insights Revealed</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-algorand-algo-technical-analysis-strong"><strong>Algorand (ALGO) Technical Analysis</strong></h2>
<p>CryptoBullet, another top crypto analyst, has drawn parallels between Algorand’s (ALGO) current market behavior and its 2019-2021 cycle. He highlights over 500 days of accumulation below the midpoint of a downward channel, forming a well-shaped inverse head and shoulders pattern.</p>
<p>CryptoBullet notes that this pattern mirrors the previous cycle, which included a bull trap from August 2020 to March 2024. He suggests that ALGO is likely to test the neckline next and break out, setting up for a substantial upward move.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="549" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-1024x549.png" alt="" class="wp-image-495071" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-1024x549.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-766x411.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-1536x824.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-2048x1098.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-280x150.png 280w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-653x350.png 653w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674-788x422.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-674.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h3 class="wp-block-heading" id="strong-price-targets-and-market-outlook-strong"><strong>Price Targets and Market Outlook</strong></h3>
<p>CryptoBullet projects two macro targets for ALGO: $0.75 and $1.40, corresponding to the bull market top. He believes that the current accumulation phase presents a good buying opportunity for those looking to invest USDT in ALGO, with potential returns of 5-7x by mid-2025.</p>
<p>Additionally, the anticipated breakout is expected to be fluent, with significant buying pressure pushing ALGO toward its projected targets. Traders should remain vigilant for confirmation of the breakout and manage their positions accordingly.</p>
<p>Therefore, with clear breakout patterns and well-defined price targets, Binance Coin and Algorand present promising opportunities for traders. However, the importance of monitoring market conditions and potential fundamental changes cannot be overstated.&nbsp;</p>
<p><em><strong>Join&nbsp;<a href="https://captainaltcoin.com/go/aethir/" target="_blank" rel="noopener noreferrer nofollow">Aethir’s exclusive airdrop</a>&nbsp;and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/binance-coin-bnb-price-eyes-surge-to-920-algorand-algo-poised-for-7x-gains-heres-why/" rel="noopener noreferrer nofollow">Binance Coin (BNB) Price Eyes Surge to $920; Algorand (ALGO) Poised for 7x Gains – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Binance Coin (BNB) Price Eyes Surge to $920; Algorand (ALGO) Poised for 7x Gains – Here’s Why

목차

CaptainAltcoin

2024년 5월 22일에 게재된 다른 기사

New Cryptocurrency Releases, Listings, & Presales Today – Statter Network, OAT Network, QuantCheck

Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop To $65K?

Trump Building Bitcoin Army to Boost 2024 Campaign Against Biden

Spot Bitcoin ETFs surpass $300m in inflows

Uniswap Labs Replies to SEC’s Wells Notice, Argues Lack of Regulatory Authority

Spot Ethereum ETF: BlackRock Re-files Critical Form With SEC

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!