Crypto Analyst JD Highlights Bullish Historical Pattern for XRP; Binance Coin and KangaMoon Support Bullish Prediction

The post Crypto Analyst JD Highlights Bullish Historical Pattern for XRP; Binance Coin and KangaMoon Support Bullish Prediction appeared first on Coinpedia Fintech News

One of the leading crypto analysts, JD, has claimed that the altcoin Ripple (XRP) is following a historical pricing trend and might experience big increases soon. Meanwhile, researchers foresee a bullish price movement for Binance Coin and KangaMoon meme coin. Let’s look at the bullish predictions.

Ripple (XRP) Forms a Historic Bullish Pattern 

JD, a cryptocurrency expert, has discovered a symmetrical triangle in Ripple’s (XRP) present chart. He noted that this pattern appeared in Ripple’s chart between late 2013 and early 2017.

Afterwards, the Ripple coin saw a significant increase in 2017. Before the surge, Ripple saw resistance after sliding from its high in December 2013. 

This led to the formation of a symmetrical triangle, and Ripple emerged victorious in March 2017. The breakout from the symmetrical triangle pushed the Ripple coin from a low of $0.005 to a peak of $3.31 in January 2018.

Such an increase translated to a 66,100% rise. Now, the analyst has seen a similar pattern on the Ripple price chart, which means the token could rise soon. Meanwhile, the Ripple coin has pumped 5.4% on the weekly chart, rising from $0.4994 to $0.5387.

Binance Coin (BNB) Price Prediction 

Binance Coin (BNB) price has been consolidating within a descending parallel channel after recording a local top of around $338.3. Data from CoinMarketCap showed the altcoin trading between $288.16 and $312.34 on the weekly price chart.

The token has recorded a weekly gain of 4.9% after a period of consolidation. The next target for Binance Coin price is the $320 mark. 

Binance Coin is currently surrounded by bullish sentiment. Firstly, it recorded 15 (50%) green days out of 30. Secondly, it trades above the 50-day SMA ($291.38) and the 200-day SMA ($250.64).

There is also the bullish Relative Strength Index that is above the 50-mark average, which means bulls have the upper power. Due to the bullish sentiment surrounding the token, analysts have predicted a DeFi coin price of $340.10 for Binance Coin.

Analysts Give Bullish Prediction for KangaMoon (KANG) Meme Coin

Aside from Ripple and Binance Coin, KangaMoon (KANG) is another altcoin that has shown potential for a bullish price increase in 2024. Analysts have evaluated the memecoin and predicted the value of KANG will increase by 35x after it is listed on top exchanges. 

KangaMoon is a futuristic memecoin project that has the potential to outperform popular meme coins like Dogecoin and Pepe. Its primary goal is to build a strong community of meme coin fans while also allowing users to earn rewards for spending time on the platform.

The KangaMoon ecosystem includes a native token known as $KANG. The KANG memecoin is an Ethereum-based ERC-20 token. One advantage of the KangaMoon project is that there are no buy or sell taxes, allowing investors to maximize their returns.

Interestingly, the KangaMoon coin has good tokenomics. It has a total supply of just 1 billion tokens, unlike other projects whose token supply runs into trillions. Presently, the KANG DeFi coin price is $0.005. Only 60% of the 1 billion tokens are available for sale in the presale. Join the next best blue chip project in the crypto space.

Conclusion 

Analysts’ bullish prediction for Ripple, KangaMoon and Binance Coin shows that they have huge potential. As a result, they are a worthy addition for any investor looking for top coins to invest in.

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