Crypto analyst John Isige predicts a bullish move to $380 for Binance Coin (BNB). The price of Chiliz has increased by 15% as the 2022 FIFA World Cup approaches. What are the expectations now? Analyst Anton Kolhanov is investigating whether the leading altcoin Ethereum can actually move to the $1,789 level. We have compiled the analysts’ BNB, CHZ and ETH analysis for our readers.
“Binance Coin, $380 passenger”
Binance exchange has announced the launch of Hashflow, its 31st Project on Binance Launchpool. Hashflow (HFT) is a DEX that connects traders with professional market watchers. BNB price rose 7.8% on the day following the Hashflow news. This sudden move in altcoin price reflects an increase in investor risk appetite. Demand for BNB will increase as Hashflow appeals to investors in the next 30 days.
Santiment’s Distribution of Supply metric shows that large volume investors are giving boost to BNB. This may be due to the surge in demand fueling BNB’s rally. Holders of 10,000 to 100,000 BNB now reach 188 after growing gradually from 181 on September 21.
Although last week’s assumptions seem pretty bearish Koindeks.com As you follow, BNB has suddenly started to rise. The $250 buyer congestion allowed the bulls to regain control. As the buying pressure behind BNB grew in an aggressive form, its price had no choice but to destroy the resistance at $300.
BNB trades at $332 after shrugging at $335. Looking at the DMI (Directional Movement Index), the technical outlook remains positive. If the gap between -DI and +DI continues to widen, the buyers will be at the beginning of the uptrend.
Traders scanning for more long positions should wait for a confirmed break of the seller congestion at $340. BNB’s uptrend will be warranted if the 100-day SMA (simple Moving Average) (blue) rises above the 200-day SMA (purple). BNB is likely to hold reinforcements above $330 as it awaits the second breakout stage at $380.
CHZ leads top 100 cryptocurrencies in profits
Chiliz (CHZ) is a tokenized voice platform that empowers sports fans and helps them manage their favorite sports, squads and esports setups. This makes players an influencer of a competitive presence. The FIFA World Cup 2022 is scheduled to start on 20 November. For this reason, sports clubs and fans increased their activities 21 days before the event.
Analysts expect FAN tokens to outperform chest coins as the 2022 FIFA World Cup approaches. According to crypto analyst Akash Girimath, once Bitcoin is grounded, it can provide traders with an opportunity to collect altcoins and FAN tokens such as Chiliz (CHZ).
Weekly and monthly forecast for leading altcoin
Weekly bullish scenario
As soon as the market breaks above the $1,604 resistance level, an uptrend will begin. It will push it to the $1,789 resistance level.
Weekly bearish scenario
The downtrend is likely to continue as the market trades below the $1,604 resistance level. Accordingly, it will fall to the $1,479 reinforcement level. If it continues to decline below the $1,424 level, the market is likely to reach the $1,190 reinforcement level.
Monthly bullish scenario
With the market trading above the $1,424 support level, the uptrend is likely to continue. Accordingly, it will reach the $1,789 and then $2,030 resistance levels.
Monthly bearish scenario
As soon as the market drops below the $1,424 support level, a downtrend will begin. Thus, the altcoin will fall to the $1,190 and $881.56 support levels.