The crypto market had a bullish week on altcoins, with many tokens approaching the highest ever. Among them is the Altcoin leader Ethereum (ETH), which sits 14% from the ATH.
Beincrypto analyzed two other altcoins that could form new all-time highs this week if the market supports them.
BNB
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BNB prices are trading at just $878, a key resistance of $880. Altcoin shows signs of strength and could quickly break through this barrier, and the momentum could rather approach the $900 all-time high (ATH).
Just 2.6% off the $900 milestone, BNB appears to be well positioned for further profits. A strong influx supports this outlook, with the Chaikin Money Flow (CMF) indicator held above the zero line.
The upside reflects a growing investor confidence, strengthening Altcoin’s bullish momentum.
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However, if market sentiment shifts from neutral to bearish, the risk remains. In such a scenario, BNB could have a hard time retreating beyond $880. Failure to hold momentum could cause the price to return to $855 or lower levels.
buildon(b)
The B price is trading at $0.614 and has been stable after showing resilience over the past few days. Altcoin remains about 20% away from regaining its all-time high (ATH) of $0.740. This is an important level where you can determine your next major move.
Parabolic SAR suggests that Buildon is on an active upward trend, increasing the probability of further profit. If Altcoin secures $0.646 as a support floor, it will rise to $0.695 and eventually break above $0.740, allowing investors to set new bullish milestones.
However, if investors start to make profits, there remains a downside risk. In such cases, Buildon could lose momentum and slip to $0.574. Failure to retain this support could result in a lower price and could potentially retest $0.514 as the next important zone.
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Ethereum (eth)
The price of the Ethereum is currently at $4,315, indicating a restricted movement a few days after stagnation. Altcoin King continues to hover around its $4,331 support level, seeking to secure it as a basis for potential breakouts that will be upwards in the short term.
The Chaikin Money Flow (CMF) shows an influx of rising, a positive signal to Ethereum’s momentum. When the indicator crosses the zero line, a stronger inflow is seen. This could push ETH beyond $4,331 towards $4,500, with the gap dropping to an all-time high of $4,956.
However, if investor sentiment weakens, the risk remains. If pressure rises, Ethereum could have a hard time maintaining its upward momentum.
In this scenario, ETH either consolidates sideways beyond $4,222 or passes it, retesting $4,007 as support, and invalidates bullish papers in the short term.
