Bitcoin (BTC) has peaked above $97k and is steadily closing down on the $100k milestone. The rest of the crypto market is already mirroring this bullish momentum, but analysts say that an altseason might erupt soon.
According to Martinez, the price of Binance Coin (BNB) may reach $1630. TRX might trade at $0.5 in the subsequent weeks. However, the experts predicted that the price of Lunex Network (LNEX) could reach $0.1 in the near future.
Binance Coin (BNB) Might Reach $1,630
BNB hit a value above $650 in mid-November for the first time since June this year. However, this support level was not maintained by BNB and has been oscillating around $620 in the last week, as per data from CoinMarketCap.
Still, the BNB crypto is in profits on the higher timeframes. On the 30-day chart, it is up 2.4%. Meanwhile, the RSI of the Binance Coin crypto has dropped. It is currently close to midline, which is a sign of increased selling pressure.
Going forward, analysts are expecting a trend reversal. Ali Martinez believes Binance Coin token could stage a breakout soon. The analyst told his followers to watch out for a weekly close above $662. If this happens, Martinez predicts the value of Binance Coin BNB may surge to $1,630.
Tron (TRX) Predicted To Hit $0.5
In a recent tweet, a top analyst called Profit Demon posted a bullish Tron price prediction. They noted that the cryptocurrency is forming a rounding bottom pattern on the monthly chart.
They predict the Tron crypto could break through the resistance around the $0.95-$0.21. If this happens, the value of the token could pump to $0.5 in the long term. Another expert, Kingpin Crypto, gave a similar forecast.
He highlighted a major resistance around the $0.2-0.22 region. According to him, there is no strong resistance after this point. In the meantime, the Tron price is consolidating between $0.17 and $0.20 on the 7days timeframe.
On the 14-day chart on CoinMarketCap, the coin has a gain of 10.5%. In the 365-day timeframe, it has a profit of 94.6%. Tron’s relative strength index is currently above 60. This is a bullish sign and shows bulls have not given up. So, we might see some upward movement in the coming days.
Lunex Network (LNEX) Creates a User-Centric Trading Platform
Lunex Network (LNEX) is a new-generation decentralized platform that gives traders anonymity, high speed, and secure management of their assets. Lunex functions as a non-custodial solution. It allows users to hold their private keys and has no KYC. This is beneficial for traders who care about their anonymity because Lunex does not require any client identification and thus provides full anonymity.
Another major aspect of Lunex Network is that it has interoperability that enables the transfer of more than 50,000 tokens across different chains without the need for any additional wallets. It makes trading easier for the users to meet all their needs in one place without the risks of insecurity and inefficiency. Retail and institutional clients are also able to gain more flexibility without having to deal with the complexities of multiple interfaces.
The LNEX token gives holders passive income options where they get up to 18% Annual Percentage Yield for staking tokens in the platform for at least 30 days. This staking feature is a good source of income, also at the same time, the staking increases the longevity of the participation to the platform.
At present, LNEX is being sold at $0.0031, and experts expect it to increase to $0.1 in the next couple of months, making it a highly profitable investment. With privacy, cross-chain capability, and high staking incentives, Lunex Network offers a complete solution to today’s traders in the DeFi market.
Conclusion
There is a potential bull run coming. Analysts believe Binance Coin (BNB), Tron (TRX), and Lunex Network could be among the top gainers. This prediction positions them among the best altcoins to look out for in the coming weeks.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
Source: https://www.crypto-news-flash.com/experts-highlight-bullish-targets-binance-coin-to-1630-tron-to-0-5-and-lunex-network-to-0-1/?utm_source=rss&utm_medium=rss&utm_campaign=experts-highlight-bullish-targets-binance-coin-to-1630-tron-to-0-5-and-lunex-network-to-0-1