• 21 November, 2024
Market News News

Crypto Analyst Eyes Major Gains for BNB, INJ and QNT

Crypto Analyst Eyes Major Gains for BNB, INJ and QNT

Binance Coin (BNB), the native token of the prominent Binance trading platform, has displayed an exceptional performance on the price charts. As observed on the chart, BNB has shown a volatile yet overall upward trend in recent weeks, which has attracted attention from investors and traders alike.

Crypto analyst Tony took to an X post to forecast that BNB is on the verge of reaching a new all-time high, setting its sights on $664.00 as the next milestone.  Over the past 24 hours, the price of BNB has risen by 6.62%, bringing its value to $587.86 at the time of writing. This uptick has been accompanied by an increase in market capitalization, now sitting at approximately $87.9 billion. 

After navigating through a period of fluctuations, BNB has seen a notable price surge, breaking past significant resistance levels. The latest candlestick formation on the weekly chart indicates a substantial bullish momentum, although the market has encountered some resistance, as evidenced by the recent red candle.

Crypto analyst Tony recently offered a price forecast for the Injective cryptocurrency, emphasizing the significance of maintaining a value above $31.00 for bullish investors. According to the chart analysis, the support level of $31.00 is critical for maintaining a positive long-term outlook on Injective’s price movement. The market has witnessed substantial volatility, but holding above this key threshold could indicate that Injective is poised for continued growth.

Over the past 24 hours, Injective (INJ), the native token of the Injective Protocol, has witnessed a notable surge in its market value. During reporting, INJ stood at $36.73, marking an increase of 4.57% from the previous day. 

The market capitalization has risen by 4.58% to $3,430,513,697, placing INJ at the 40th position in market cap rankings among cryptocurrencies. Trading volume experienced a significant uptick, increasing by 18.26% to $96,928,670, indicative of heightened investor activity and interest.

Crypto analyst Crypto Tony has provided an update on the cryptocurrency Quant (QNT), suggesting a bullish trend if the price surpasses $151.00. According to the analysis, which has been disseminated through a post on X, Quant’s current market position is drawing attention from investors and traders within the crypto community. The charts show a marked increase in volume and price movement, indicating potential growth.

At the time of reporting, Quant is trading at $139.79, with an impressive 11.13% increase over the past 24 hours. The market cap has also risen by the same percentage, reaching approximately $1.687 billion, positioning Quant at number 66 among cryptocurrencies by market capitalization. Notably, the trading volume has surged by 124.81%, signaling heightened market activity and investor interest.

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