W Coin shows promising performance according to Woo Poppe’s analysis.
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Bitcoin (BTC) $122,918 has recently reclaimed a position over $122,500 while establishing a support level at $120,500. In the meantime, BNB Coin has set a new all-time high above $1,300 and seems to be consolidating at a crucial threshold. On the other hand, ETH appears unbothered by BTC’s decline. The critical question is, what are the latest forecasts for BNB and W Coin?
ContentsBNB CoinW Coin Commentary BNB Coin
Supported by the Binance exchange and under the re-emerged leadership of CZ, BNB has entered a phase of ascent. The launch of Aster acted as a significant catalyst. CZ’s charismatic marketing of Aster led to a surge in volumes on the BSC network. A parallel can be drawn to the meme coin frenzy seen on the Solana $222 network, which has prompted the rise of BNB.
The anticipation for four-digit BNB prices has been long-standing, with many analysts assured of new peaks above $1,300 before the year’s end. Yet, some expect even greater heights. Lark Davis, looking at the break of a longstanding trend line in July, predicts an extended rally.
Having multiplied sixfold since the bear market’s bottom, BNB Coin is now in a price discovery phase. If the general market sentiment doesn’t become excessively negative, the Fibonacci targets of $1,486 and $1,983 might be tested. Davis believes that surpassing the second major target could keep the rally going beyond $2,000, which he sees as achievable before year’s end.
A cycle peak at $2,291 might be on the horizon.
W Coin Commentary
W Coin’s recent rise has brought satisfaction to the analyst, Woo Poppe, as it ranks among his favorite altcoins. Praising its performance over the past three months, Poppe has released his price target for this coin.
“Over the past three months, W has outperformed HYPE, SOL, and PUMP.
Given its significant partnerships and the strong upward trend on higher time frames, I’m confident that the uptrend has begun and believe it will maintain its strength.
The trend hasn’t shifted, and I anticipate the next target to be between $0.18 and $0.20.”
As this article was prepared, the US markets are opened, and BTC shows a tendency to depreciate similar to yesterday’s market opening. In the coming hours, further developments will be revealed, especially as the evening approaches with the potential surprises in the Fed minutes, which could induce volatility.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
