Donald Trump’s win in the 2024 US elections has tipped the crypto market up for a bullish breakout. Apart from the latest pump, analysts have predicted that tokens such as Binance Coin (BNB) and Avalanche (AVAX) may hit new all-time highs.
As Binance Coin trades higher than $580, some call for the price of BNB to rise up to $650 – $1,175. Similar bull targets have been made regarding the AVAX with a possible target ranging between $37 and $100.
Forecast $650 and $1,175 for Binance Coin (BNB)
Binance Coin (BNB) has been one of the top beneficiaries in the last few weeks. The price of BNB has increased from a weekly low of $540 to cross the $590 level for the first time this November, based on CoinMarketCap’sdata.
BNB appears to have capitalized on the positive sentiment in the general market to reach this level. However, the uptrend did not last. Still, EliZ is very optimistic about the Binance Coin crypto.
EliZ forecasts the value of the token might pump to $650 in the next few weeks. Meanwhile, the price of Binance Coin (BNB) could pump to higher levels in the coming months now that Trump has won the US election.
TraderSZ had predicted earlier that the price of the Binance Coin token might pump to $1,175 if Trump wins. Moreover, the sentiment around BNB has improved, as shown by its technical indicators.
The Stochastic Fast (14) and Williams Percent Range (14) are in the buying territory. Based on this analysis, we could see the Binance Coin price retesting the $590 level again.
Avalanche (AVAX) Price Regains Momentum, Reaches Previous Highs
Avalanche (AVAX) is displaying positive movement on the weekly chart on CoinMarketCap. The cryptocurrency had fallen from $26 to a low of $22. While many expected the downtrend to continue, the Avalanche coin has performed a price reversal.
AVAX started an uptrend on November 5 and has returned to the $26 level. 9000xSpartacus has reacted to the uptrend. He told his followers the Avalanche crypto is about to melt faces. Another analyst, HyperBitcoins, says Avalanche (AVAX) could rally to $37 in the short term.
In the long run, Grronk forecast the cryptocurrency is heading for $100. Meanwhile, its Fear and Greed Index is showing greed, a sign that investors are still interested. So, we might see the Avalanche price pump to the $30 region soon.
