- Rekt Capital makes a series of projections on what to expect from some leading altcoins.
- The analyst mentions that assets such as BNB may trade within a narrow range.
- However, other assets such as MATIC and ADA are poised for a rally.
In a series of posts on X (formerly Twitter), crypto analyst Rekt Capital made a series of predictions on the price performance of leading altcoins, including Binance Coin (BNB), Polygon (MATIC), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK) and Uniswap (UNI).
BNB Coin
According to Rekt Capital, BNB Coin, which currently trades at $318.95, is potentially in a long-term upward trend. With a minor surge in demand in the last week, BNB’s price has risen by 8% in the last week, according to data from CoinMarketCap.
This comes after the fourth-ranked crypto asset faced short-term selling pressure at the $340 resistance level.
However, the price might consolidate within a specific range before a sustained rally occurs.
BNB may be forming a new range here (black-red). In no man’s land, between black Range Low support ($283) and red Range High resistance ($340), ” the analyst opined.
BNB Coin/USDT (Source: Rek…The post The Rekt Capital Report: Top 6 Altcoins to Watch in 2024 appeared first on Coin Edition.