The post Traders Prepare for Bullish Trends in BNB, Jito, and Ondo Prices appeared on BitcoinEthereumNews.com.

The altcoin market witnessed intense growth in January following Donald Trump’s return to the White House. In January, the Official Trump meme coin gained significant spotlight as it recorded multiple ATHs in a few hours. As a result, January was a rocky month for the market. Several cryptocurrencies reached record highs only to drop significantly shortly after. Despite these ups and downs, some cryptocurrencies have bounced back and are now close to important price levels. This could mean they might reach new highs in February. Cryptos are Historically Bullish in February Cryptocurrency prices could do well in February based on past trends. Historically, Bitcoin and Ethereum usually increase in value during this month. Historical data suggests that Bitcoin and other cryptocurrencies usually see a price increase in February. According to CoinGlass, Bitcoin’s price has only dropped twice since 2013 and it surged by 43.5% last February. Ethereum has also only seen one decrease in February since 2017. Last February, it recorded a gain over 46%. Binance Coin (BNB) Price Analysis The price of Binance Coin (BNB) has been slowly climbing and is trying to maintain a level above $680. However, sellers are still in control, blocking any significant rise past the initial 23.6% Fibonacci retracement level. Currently, BNB price is at $677, dropping over 0.7% in the last 24 hours. The BNB/USDT trading pair is aiming for $680 and could potentially surpass the 23.6% Fibonacci level. With the Relative Strength Index (RSI) at 51, slightly above neutral, there’s a possibility of sustained interest in buying BNB. If the price surges above $700, we might see a bullish trend in February. Jito Price Analysis Jito’s price moved back above a key level, indicating that buyers were stepping in at lower prices. Though Jito’s price touched $3.5, it failed to maintain buyers’…

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Filed under: News - @ February 1, 2025 2:15 am