Coin

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 A closely followed crypto strategist believes one top-five altcoin is on the verge of a massive breakout based on a historic pattern against Bitcoin (BTC).
 Pseudonymous crypto trader Kaleo tells his 629,500 followers on the social media platform X that Binance Coin (BNB), the native asset of the world’s largest crypto exchange platform by volume, Binance, could soar by 118% from its current value.
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 “BNB to about $1,300 on this move actually doesn’t sound too crazy. Lines up well with the targets on the BTC ratio chart as well.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIqhSy8WYAAPCGZ?format=jpg&amp;name=large" alt="Image" width="1805" height="811">
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 Source: Kaleo/X
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 Looking at his chart, the trader suggests that BNB has entered a bullish trend after breaking out of a descending trendline and could hit $1,300 sometime after June.
 BNB is trading for $596.63 at time of writing, up slightly in the last 24 hours. BNB reached an all-time high (ATH) of $686.31 on May 10th, 2021.
 Kaleo thinks that BNB is forming a historic pattern in its price action against Bitcoin (BNB/BTC), which his chart indicates has led to massive gains three previous times.
 “Every major BNB rally has followed the same playbook vs. BTC.
 <ul>
 <li>Establish base range.</li>
 <li>Briefly break beneath range (deviation).</li>
 <li>Reclaim.</li>
 <li>Giga-send to new ATH. Following this trend, the best place to buy has been on the reclaim, which is where it is right now. </li>
 </ul>
 Send it to $1,000.”
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GIqfb-vWAAEQILK?format=jpg&amp;name=large" alt="Image" width="1806" height="819">
 <figcaption class="wp-caption-text">
 Source: Kaleo/X
 </figcaption>
 </figure>
 BNB/BTC is trading for 0.008752 BTC ($596.63) at time of writing, up more than 4.5% in the last 24 hours.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-5-altcoin-could-explode-by-118-after-bitcoin-s-big-breakout-says-crypto-analyst-tbt82651.html">https://thebittimes.com/top-5-altcoin-could-explode-by-118-after-bitcoin-s-big-breakout-says-crypto-analyst-tbt82651.html</a>

Top 5 Altcoin Could Explode by 118% After Bitcoin’s Big Breakout, Says Crypto Analyst

TheBitTimes

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