Outside Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The crypto market might rally in 2024. Before then, investors and analysts are exploring Binance Coin (BNB), Avalanche (AVAX), Pullix (PLX), and Ordinals (ORDI).
BNB price forecast
BNB is trending higher and firm when writing.
According to CoinMarketCap, BNB rose from a 7-day low of $306.31 to a high of $321.09. The coin is also up 16.3% in the past 30 days.
In the short to medium term, BNB faces resistance at $320, $325, $340, and $355.
So far, 28 technical indicators are bullish on BNB.
With this outlook, analysts say BNB may rally once it breaks above $355.
Avalanche price analysis
CoinMarketCap shows that Avalanche is volatile but bullish.
AVAX has been trading between $30.96 and $36.37 in the past week.
The coin is also trending inside the 50-day and 200-day SMAs, with 17 technical indicators pointing to bulls. Meanwhile, 12 others are bearish.
If bulls take over, AVAX may break above $40 in the coming weeks.
Ordinal falls from ATH
Ordinal is a top 60 coin by market cap.
In early January, ORDI reached an all-time high of $90.96, riding on the wave of BRC-20 tokens buying pressure.
In the last week, the token has been ranging between $61.55 and $77.56 as it floats above the 50-day SMA ($61.86) and 200-day SMA ($21.64); a net bullish development.
Some analysts predict ORDI will reach $80 in the coming weeks, with more upsides expected after the next Bitcoin halving event.
Pullix is up 100% in presale
The Pullix presale is ongoing. Thus far, PLX prices have doubled, rising from $0.04 to $0.08.
PLX is key to the hybrid exchange. Beyond this, Pullix offers other features, including:
- Yield farming: By staking LP tokens and increasing the platform’s liquidity, you can gain extra PLX. A 0.25% fee is charged for each Pullix Swap trade; this cost is then converted into PLX and distributed to LP holders.
- Copy trading: Pullix uses AI to assist traders in imitating the strategies of profitable professionals. Since these specialists have a high success rate, the goal is to raise their odds of success.
Conclusion
Most crypto prices are volatile, with mixed signals. Among BNB, Avalanche, Pullix, and Ordinal, only PLX remains bullish. So far, the token is up 100% in the past month, with analysts expecting more in Q1 2024.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
This article first appeared at crypto.news
