Bitcoin has started to recover after falling below $100,000 earlier this week. It is currently approaching the $100,000 resistance level again for a potential breakout. This has led to strong gains in altcoins such as BNB, ADA, and AVAX Coin, while the largest altcoins have rallied sharply. Crypto analyst Yashu Gola examines whether these three tokens are worth investing in.
BNB Price Prediction: Is a 300% Explosion Possible in 2025?$BNB
BNB has successfully broken out of a long-term “cup and handle” pattern on its weekly chart, suggesting a potential rally could continue. The depth of the pattern suggests a target price of around $2,753 by 2025. This is a sign of a strong rally from current levels of $680. The breakout occurred as BNB broke above the $652 resistance level, supported by rising trading volume. However, a pullback to the breakout level could see it retest $652. If successfully retested, this could strengthen bullish sentiment. The 50-week EMA is close to $541 and the 200-week EMA is at $364, providing additional support areas. The RSI is at 59, opening up room for further gains. Still, a cautious optimism is needed as BNB consolidates.
ADA Price Forecast: 40-50% Correction Expected in 2025!$ADA
Cardano (ADA) experienced a decline after testing the upper trendline of the ascending broadening wedge formation. It has lost 42.50% in the last 48 hours. As of December 21, ADA was testing the intermediate support level of $0.93 and the 0.236 Fib level. From a fractal analysis perspective, there is a risk that ADA could break below the $0.93 level, in which case support could be seen in the $0.45-0.58 range. This area served as support during the down cycle in 2022 and resistance during the uptrend in early 2024. On the other hand, a bounce from $0.93 could send ADA towards the upper trendline of the channel, in the $1.36-1.71 range.
AVAX Coin Price Prediction: 25% Correction Expected in 2025!$AVAX
Avalanche (AVAX Coin) started to pullback after testing the yearly descending trendline resistance in early December and is down 40% since then. As of December 21, AVAX, which is level with the 50-week and 200-week EMAs, is testing the 0.236 Fib level at $38.60 as immediate support. The support at this level coincides with the lower trendline of the ascending parallel channel and is 25% lower from current prices. This support area could open up a rally towards the descending trendline resistance near $45, with a possible recovery. A break above the $45 level could trigger a long-term price rally to $200, near the upper trendline of the parallel channel by 2025. This would imply a 400% increase from current levels.
