Cryptocurrency markets have shown a slight uptrend in the last 24 hours. Bitcoin price is currently $41,656.78. ETH Price the $3,150 resistance zone before correcting it lower. Similarly, most major altcoins remain supported and likely see a short-term increase.
NEAR, BNB, and GMT to Explode?
One Ethereum (ETH) competitor, according to a well-known crypto analyst, is set to print a new all-time high in the coming weeks.
Altcoin Sherpa, a pseudonymous analyst, says that he’s positive on decentralized application platform Near (NEAR), predicting that the Ethereum competitor would maintain its upswing and set a new high. According to Altcoin Sherpa’s chart, Near is currently trading for $16.47 and is two resistance away from setting a new all-time high.
Binance Coin (BNB), the utility token of global crypto exchange Binance, is next on the list. According to analyst, BNB will erupt once it takes off its immediate barrier at $509. After breaking out of this range, he believes BNB will burst to the upside. To him, it appears to be accumulation.
STEPN (GMT) Price is currently above the $3 support level and is on the verge to test the $3.67 resistance level. On successful breakout of this level, GMT price is likely to reach $4 marking a new ATH.
“GMT: I think waiting for a retest of all-time high level is a safer entry than just buying around here. With that said, big, big breakout after a few weeks of consolidation. I’m a fan of this project and investor (I use it daily).”
According to Altcoin Sherpa’s forecast, GMT might reach $4.25, signifying an almost 20% increase over the coin’s current value of $3.55.