Top Analysts Reveals Midterm Targets for Binance Coin (BNB) and SUI (SUI) 

The post Top Analysts Reveals Midterm Targets for Binance Coin (BNB) and SUI (SUI)  appeared first on Coinpedia Fintech News

After consolidating in the past five weeks, crypto assets with notable development activity have shown early signs of a fresh bullish uproar. Led by Bitcoin (BTC), which is bolstered by heightened demand from spot BTC ETFs in Hong Kong and the United States, most crypto assets have established a reversal pattern. 

Moreover, Bitcoin price closed last week on a bullish note similar to the past 20-30 percent market corrections.

Altseason on the Horizon

With more than 12k altcoins awaiting the parabolic bull market ahead, the total altcoin market cap has stabilized at around $1 trillion in the past few weeks. Having risen more than double from the bear market bottoms, the altcoin market cap is well primed to retest the all-time high (ATH) in the near term.

Furthermore, Bitcoin dominance has been forming a reversal pattern as the ETH/BTC pair attempts to rebound from the multi-year low.

Midterm Targets for BNB and SUI

In the layer-one (L1) crypto categories, BNB and SUI are some of the highly undervalued projects with immense bullish potential. Moreover, both projects have a vibrant web3 ecosystem amid the mass adoption of digital assets.

BNB

$BNB is on the Verge of another Bullish Rally so Keep it under the Radar..!!

In Case of Breakout, Expecting +40% Bullish Rally.. #Crypto #BNB #Binance pic.twitter.com/y4kArkD5k2

— Captain Faibik (@CryptoFaibik) May 7, 2024

According to a popular crypto analyst alias Captain Faibik, BNB’s price is on the verge of a 40 percent uproar in case of a bullish breakout. With BNB price hovering around $592 on Tuesday, the crypto analyst believes the altcoin will reach at least $840 soon.

Sui

SUI/USDT Breakout Alert

Current Price: $1.10
Breakout Point: $1.15

If $SUI successfully breaks the $1.15 resistance level, we anticipate a significant upward rally.

Entry Setup: $1.10 – $1.15 (Only after a confirmed breakout)
Expected Rally: Potential 100% -… pic.twitter.com/sju394Q5GY

— Crypto Patel (@CryptoPatel) May 7, 2024

Sui (SUI) is a fast-growing layer one project backed by former Meta’s blockchain research team and with more than $642 million in total value locked. According to a renowned analyst alias Crypto Patel, the midcap altcoin, with a fully diluted valuation of about $11 billion has been forming a bullish pattern.

The crypto analyst expects the SUI price to more than double in Baku if the altcoin consistently closes above $1.15 in the coming weeks.