A closely followed crypto strategist says he thinks a top-10 altcoin is about to hit a new all-time high while updating his outlook on two decentralized finance (DeFi) tokens.<\/p>\n
Pseudonymous analyst Altcoin Sherpa tells<\/a> his 211,300 followers on the social media platform X that Binance Coin (BNB<\/a>), the native asset of the world\u2019s largest crypto exchange platform by volume, could remain in a bullish trend for a while longer.<\/p>\n \u201cBNB: this one goes to all-time high easily and this was kind of obvious in my opinion. Expecting some sort of small pullback before all-time highs, but I think it breaks it soundly in the next few months.\u201d<\/em><\/p>\n Looking at the trader\u2019s weekly chart, he suggests that BNB could extend the bull run that took off in early 2024 by breaking a key resistance level near $661.70.<\/p>\n BNB is trading for $590.96 at time of writing, down more than 1% in the last 24 hours. BNB reached an all-time high of $686.31 on May 10th, 2021.<\/p>\n Next up, the trader says Aave (AAVE<\/a>), a lending and borrowing protocol, could have more upside potential as it appears to have broken out<\/a> of a lengthy trading range of between the lower bound of $45.60 and the upper bound of $112.40.<\/p>\n \u201cAAVE: there\u2019s still a ton of upside for some of these good DeFi 1.0 coins. That said, I\u2019m not sure if they actually have a bid going forward. Probably a solid coin to just buy and not worry about.\u201d<\/em><\/p>\n AAVE is trading for $137.77 at time of writing, down more than 3% at time of writing.<\/p>\n Lastly, the trader says he is remaining<\/a> bullish on the native asset of decentralized exchange (DEX) platform Injective (INJ<\/a>) after it soared out of its trading range. However, he cautions that INJ may dip or trade sideways first.<\/p>\n \u201cINJ, ok looking to buy some dips\/consolidation now. Expecting more of a run and hoping its not just a deviation.\u201d<\/em><\/p>\n INJ is trading for $47.88 at time of writing, down slightly in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto strategist says he thinks a top-10 altcoin is about to hit a new all-time high while updating his outlook on two decentralized finance (DeFi) tokens. Pseudonymous analyst Altcoin Sherpa tells his 211,300 followers on the social media platform X that Binance Coin (BNB), the native asset of the world\u2019s largest crypto […]<\/p>\n","protected":false},"author":2,"featured_media":265562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-265561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/265561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=265561"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/265561\/revisions"}],"predecessor-version":[{"id":265564,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/265561\/revisions\/265564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/265562"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=265561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=265561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=265561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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