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Cryptocurrency News Articles

Ali Martinez Predicts BNB Could Skyrocket 164%, Bitcoin to Hit $135,000 and Shiba Inu to Surge 56%

Nov 22, 2024 at 06:15 pm

Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.

Ali Martinez Predicts BNB Could Skyrocket 164%, Bitcoin to Hit $135,000 and Shiba Inu to Surge 56%

Crypto analyst and trader Ali Martinez is sharing his bullish outlook on one large-cap crypto asset and his analysis on BTC and two altcoins.

Martinez shared his analysis with his 85,900 followers on the social media platform X, saying that BNB, the native token of the BNB Chain ecosystem, could rally by 164% from its current price if it manages to convincingly break above a key resistance level.

“BNB might be breaking out. Waiting for a weekly close above $662 for a potential move to $1,630!”

BNB is trading at $617 at the time of writing.

Next is Bitcoin. According to Martinez, Bitcoin's current price action appears to be mirroring the third halving cycle with even the Relative Strength Index (RSI), an indicator used to gauge overbought or oversold conditions, looking “nearly identical.”

“If true, BTC will go to $108,000, drop to $99,000, and bounce to $135,000!”

Bitcoin is trading at $97,282 at the time of writing.

Next is Shiba Inu (SHIB). Martinez says that the second-largest memecoin by market cap could rally by approximately 56% if SHIB convincingly overcomes a major resistance level.

“Shiba Inu faces resistance at $0.000025, where 40,000 addresses bought 54.6 trillion SHIB. A sustained close above this supply barrier could take SHIB to $0.000039.”

Shiba Inu is trading at $0.0000252 at the time of writing.

Finally is the native token of the layer-1 blockchain Polkadot (DOT). Martinez says that Polkadot could rally by around 86% from its current price if the current momentum continues.

“Polkadot is going as planned! Next stop: $11!”

Polkadot is trading at $5.92 at the time of writing.

News source:dailyhodl.com

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