BNB hits new ATH at $804, igniting bullish sentiment.
SOL targets $300 - $360 after breaking out of an ascending triangle pattern.
Altcoins prepare for a significant altcoin price rally.
BNB hits new ATH at $804 as SOL targets $300 - $360 for its next ATH target after breaking out of a bullish ascending triangle pattern. It looks like legacy altcoins are finally making headway in the crypto market, despite altseason not having officially begun yet. This is exciting momentum to see from altcoins as analysts expect higher highs for many assets in the coming weeks ahead.
BNB Hits New ATH at $804
The time for altseason to arrive and let altcoins flourish has finally arrived. Analysts believe we are still on the brink of the explosive altseason peak phase. This phase has been a long-awaited one, as analysts first expected altseason to arrive in Q1 of 2025. Historical data pointed to altseason’s peak phase arriving in Q1 following a Bitcoin Halving year, like it did every cycle.
However, due to Bitcoin’s early bull cycle pump, where it set a new ATH before the Bitcoin Halving event, the prices of BTC and altcoins all went through a prolonged correction phase in Q1 instead. Analysts believe this was much-needed, as Q2 was set up to welcome a much healthier market, which allowed all altcoin prices to finally begin to pump. Specifically, the price of ETH finally bottomed and pumped towards its previous ATH.
The fact that the price of ETH finally began to pump is what allowed altcoin prices to pump as well. Last year, only new altcoins hit new ATHs like SUI, FET, and ONDO; legacy altcoins barely moved. But, since the correction, all altcoins began to flourish and inch closer to their previous ATH prices. Now, one altcoin has gone on to set a new ATH like BTC, that is Binance Coin (BNB), which hit a new ATH at $804.
https://twitter.com/WatcherGuru/status/1947817447954043060
According to CoinMarketCap analytics, the price of BNB hit a new ATH of $804.14 5 hours ago and is currently trading at $798.15. Despite the small dip, the price of BNB is up over 5.8% in the last 24 hours. The altcoin is also boasting a total market cap of $111,112,688,016.46 and a 24-hour trading volume of $3,287,305,029.98. Analysts and traders watch eagerly for BNB to hit even greater ATH prices soon.
SOL Targets $300 - $360 for Its Next ATH Target
https://twitter.com/ali_charts/status/1947677263497203793
Another bullish altcoin at the moment is SOL. The analyst in the post above says that Solana (SOL) is slowly working its way to hitting its next ATH target, which will be between $300 and $360, a likely result of the asset having just broken out of an ascending triangle pattern. Unlike legacy altcoins, the price of SOL had already set a new ATH target at $294.33 six months ago, much like all other altcoins, it will likely go higher.
