In a recent tweet, renowned cryptocurrency analyst Altcoin Sherpa provided insightful predictions regarding the price movements of Binance Coin (BNB), Aave (AAVE), and Injective Protocol (INJ), highlighting potential bullish trends in the market.
BNB To Break ATH Soon
Altcoin Sherpa’s analysis begins with BNB, where he expresses confidence in its ability to reach new all-time highs (ATH). Despite a slight pullback expected in the short term, Altcoin Sherpa believes that BNB will surpass previous ATH levels soundly within the next few months.
Currently, BNB is trading at $590.96, reflecting a marginal decline of over 1% in the last 24 hours, yet showing promising signs for future growth following its previous all-time high of $686.31 in May 2021.
AAVE: Potential Upside for DeFi Coin
Moving next to Aave (AAVE) an open-source liquidity protocol Sherpa highlights the considerable upside potential for DeFi 1.0 coins like AAVE.
Meanwhile, acknowledging uncertainty about future bidding activity, analyst suggests that AAVE could be a solid long-term investment, encouraging investors to buy and hold without excessive worry.
As of now priced at $128.77, is believed to have breached a prolonged trading range, indicating further upward momentum beyond its previous low of $45.60 to $112.40.
INJ: Opportunities Amidst Consolidation
Lastly, Altcoin Sherpa expresses bullish sentiment towards Injective Protocol (INJ), emphasizing highlights the opportunity to capitalize on potential dips or consolidation periods. Despite recent choppy price action, Altcoin Sherpa remains optimistic about INJ’s future performance, expecting a significant upward trend in the near term.
While cautioning against entering leveraged perpetual trades due to low volatility, Altcoin Sherpa recommends considering INJ as a promising spot for swing trading opportunities. As of now INJ is trading at $43.88 and could witness significant gains soon.
While Altcoin Sherpa’s insights offer optimism for traders and investors, it’s essential to approach market forecasts with caution and conduct thorough research before making investment decisions.
