The post Popular Analyst Forecast BNB to $1K, Ethereum To Soar by 2500% As Lunex Network Is Poised for 50x Rally appeared on BitcoinEthereumNews.com.

Despite dipping by a slight 2% in the past week, Binance Coin price has had an impressive run in the year, gaining 183% in the YTD price metrics. Although Ethereum price is yet to replicate its 2021 bull run, analysts are optimistic of the number one altcoin hitting the $5k mark before the end of the altcoin season.  While these top crypto coins have shown immense resilience amidst market volatility, new players like Lunex Network (LNEX) might outshine them in the coming months. Lunex Network is coming up with a web3 DeFi exchange that will solve issues of interoperability, high transaction fees, and other common problems traders encounter in exchanges. BNB Current Retest Suggests Bullish Trend Continuation Binance coin (BNB) is consolidating around $700 and $720 after declining from its all-time high of $793, which it achieved on December 4. Based on CoinMarketCap stats, the BNB price has increased by 15% in the 30D timeframe. Despite a slight decline in market activity, the daily market turnup is hovering over $2.47B, showing a high level of confidence among investors.  A popular crypto analyst with over 1.4M followers on X, The Moon Show, while analyzing the BNB price chart, noticed that the altcoin is currently above horizontal support. If it breaks upside, the first target is $820. In a similar opinion, Johnathan Carter noticed that the BNB token has broken out of an inverse head-and-shoulders pattern in the weekly chart.  Like the earlier analyst, Carter suggests that BNB crypto could surge towards $850, $1000, and $1,300 in the coming weeks. BNB is currently trading above the 50-day and 200-day SMA based on stats from Tradingview. Although it has recorded just 15 green days in the 30D timeframe, the market sentiment is bullish.  Analysts Bullish on Ethereum Price, Anticipate 2,500% Surge  Ethereum (ETH)…

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Filed under: News - @ December 14, 2024 11:20 am